Nov 2, 2016
London Stock Exchange
BATM awarded multi-year contract for ICT network solution in Australia
BATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that its wholly-owned Telco Systems ("Telco") subsidiary has been awarded a contract, by a major provider of high-speed network and ICT services to education and research facilities in Australia (the "Customer"), to provide a managed MPLS solution.
The contract, which was awarded after a successful Proof-Of-Concept (POC), is expected to be worth between US$1.5m-US$2.25m to be delivered over a three-year period, commencing in November 2016. There is also an option for it to be extended to five years with the potential for additional orders of at least the same magnitude.