BATM Advanced Communications Ltd. (BVC)

Sector:

IT Hardware

Index:

FTSE techMARK Focus

18.00p
   
  • Change Today:
      0.88p
  • 52 Week High: 21.40p
  • 52 Week Low: 13.05p
  • Currency: UK Pounds
  • Shares Issued: 436.53m
  • Volume: 193,602
  • Market Cap: £78.58m
  • RiskGrade: 322

BATM subsidiary receives first commercial order for 'NATlab'

By Josh White

Date: Tuesday 07 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Networking solutions and medical laboratory systems provider BATM Advanced Communications announced on Tuesday that Ador Diagnostics - its subsidiary focused on the development and marketing of unique in-vitro molecular diagnostics solutions - has received its first commercial order from a "leading distributor" of molecular biology and genomics products in Italy.
The London-listed firm said that under the agreement, Ador would deliver its new 'NATlab' reader and cartridges for the identification of meningitis in the second half of 2020.

It described Ador's NATlab molecular biology solution as providing rapid sample-to-answer diagnosis of bacterial, viral or fungal infections, within between 15 and 90 minutes, using DNA sampling.

The system was modular, compact and mobile, and was designed to be used at point-of-care as well as in hospital labs.

BATM said it believed NATlab would allow medical practitioners to provide significantly quicker and more efficient treatment.

This first commercial order for the new system followed extensive lab testing and the award of more than 40 global patents, including in Europe and the United States, with more pending.

The board said the first models of NATlab were expected to go into final trials in leading hospitals in the first half of this year, with the initial system having been already delivered this month.

"We are delighted that Ador has received the first commercial order for the NATlab system, which is an important milestone," said chief executive officer Dr Zvi Marom.

"Meningitis is a leading infectious cause of childhood death - and speed of identification and treatment is vital.

"We are proud that our rapid sample-to-answer solution will help medical practitioners to quickly and efficiently diagnose the specific infection and administer the required treatment."

Marom said he believed NATlab would "transform" the infectious disease diagnostics market, with the firm having already received "extremely positive feedback" and significant interest from a number of medical institutions that were testing the solution.

"Ador is also working alongside prominent academic and research institutions, including in the UK, to develop more panels for the identification of further diseases.

"We look forward to reporting on Ador's progress."

At 1002 GMT, shares in BATM Advanced Communications were up 7.79% at 41.5p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BVC Market Data

Currency UK Pounds
Share Price 18.00p
Change Today 0.88p
% Change 5.11 %
52 Week High 21.40p
52 Week Low 13.05p
Volume 193,602
Shares Issued 436.53m
Market Cap £78.58m
RiskGrade 322

BVC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.89% below the market average43.89% below the market average43.89% below the market average43.89% below the market average43.89% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend
4.21% above the market average4.21% above the market average4.21% above the market average4.21% above the market average4.21% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Income Not Available
Growth
75.06% above the market average75.06% above the market average75.06% above the market average75.06% above the market average75.06% above the market average
83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average

BVC Dividends

  Latest Previous
  Final Final
Ex-Div 09-Dec-21 n/a
Paid 05-Jan-22 n/a
Amount 0.74p 0.000¢

Trades for 30-May-2025

Time Volume / Share Price
16:35 56,180 @ 18.00p
16:35 1,101 @ 18.00p
16:35 8,675 @ 18.00p
16:35 20,000 @ 18.00p
16:35 23,453 @ 18.00p

BVC Key Personnel

CEO Moti Nagar
CFO Ran Noy
Chair Nadhim Zahawi

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