BATM Advanced Communications Ltd. (BVC)

Sector:

IT Hardware

Index:

FTSE techMARK Focus

19.45p
   
  • Change Today:
      0.18p
  • 52 Week High: 24.00p
  • 52 Week Low: 15.85p
  • Currency: UK Pounds
  • Shares Issued: 436.53m
  • Volume: 75,880
  • Market Cap: £84.91m
  • RiskGrade: 322
  • Beta: 0.19

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 19.45p
Change Today 0.18p
% Change 0.91 %
52 Week High 24.00p
52 Week Low 15.85p
Volume 75,880
Shares Issued 436.53m
Market Cap £84.91m
Beta 0.19
RiskGrade 322

BVC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.07% below the market average34.07% below the market average34.07% below the market average34.07% below the market average34.07% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Price Trend
4.58% below the market average4.58% below the market average4.58% below the market average4.58% below the market average4.58% below the market average
28.00% above the sector average28.00% above the sector average28.00% above the sector average28.00% above the sector average28.00% above the sector average
Income Not Available
Growth
71.88% above the market average71.88% above the market average71.88% above the market average71.88% above the market average71.88% above the market average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% 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 21-Nov-2024

Time Volume / Share Price
14:20 390 @ 18.95p
14:20 6,603 @ 19.05p
14:20 100 @ 19.05p
14:20 100 @ 19.05p
14:08 390 @ 18.95p

BVC Key Personnel

CEO Moti Nagar
CFO Ran Noy

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