The main points at the Year end results were:
* Strong cash position: $55.2 m and no borrowings (2001: $56.6m)
* Significant R&D program maintained
* General and administrative overheads reduced by 37% - in line with strategy
* Awarded an exclusive contract with a leading regional Bell operating company in H2
* Won first major contract for VOIP platform in the US

The company is increasing its presence in several markets which have substantial potential, including the Far East and despite the recent decline in revenues, they are now serving more customers in more countries than ever before.

Dr Zvi Marom, Chief Executive has ensured the company is debt free and cash rich. He has kept a tight control on expenditure and been very smart as to whom he chose to do business with.

The high speed Internet business just taking off and systems have to be upgraded to take up high data load and telcos simply need equipment’s made by makers like BATM.

With time, Financial Institutions will seek out companies which represent good value and strong potential in terms of their growth and BATM is one such company.

BATM shares are trading at cash position 8.50p but at half their NAV of 17p, with all this good points, and the trend on the chart is definitely on the up since the start of April, time to get on board. Dates -- News
09 Dec 08 Signed a contract of medical equipment in excess $1m with substantial upside in the future
07 Jan 09 Revenues will exceed $132m for the full Year 2008, results early March
17 Mar 09 Year results Pretax rise 20% sales 39% and dividend to 0.69p
1 April 09 Vigilant Technology Expands Operations to US & Singapore
12 May 09 Update - cautiously optimistic it will meet targets
14 May 09 CEO Zvi Marom, buys 200,000 shares @ 31.375p
Newspaper comments
18 Dec 2008 Share Magazine selects BVC for the Growth Portfolio
18 Dec 2008 Share Magazine selects BVC for the Growth Portfolio
05 Feb 2009 investegate/article Investech shareholding
18 Mar 2009 CEO video after results - post 19569
18 Mar 2009 Investors Chronicle says "BUY" after 2009 results -

Intraday

4 month candkestick with Indicators ad support /resistance

6 month Bollinger Bands,RSI, S Stochastic and 50 days MA

Charts - 5 days

Links    batm web    Vigilant Web    PLUS Market Trades

           

Share price keeps falling and is soon ready to touch the past Intraday low of 22.50p.

DIVIDEND - dates

AGM on the 22 June
ex-Dividend 2nd July
payment on 26th July 1.35p

With the special dividend, gives a near 6% return on current SP.

A good spike at 2pm, with plenty of "AT" trades, NOT buying trades, so that could be one of those things.
Nevertheless if it finish UP then the Chart is starting to look better.

Wonder if anything to do with the Tech movement. This morning SPT was also on the move UP, as it was yesterday.

25p +1.75

Interim results tomorrow

Is the poor showing on the share price to change?, it will have to go over 27p this week or 26p next

The statement tomorrow could change that, or maybe the breakeven is a bit better.

Once again JAM tomorrow, not good enough

The BREAKEVEN forecast for the H1 was again a hope, because turn out as a loss of $1.5M

Share price performance this morning is telling the story 23.25 / 24p -2p

RESULTS in FULL

RNS Number : 7832Q
BATM Advanced Communications Ld
10 August 2010

BATM Advanced Communications Limited
Interim Results 2010

BATM Advanced Communications Limited ("BATM" or "the Company") (LSE: BVC), a
leading designer and producer of broadband data and telecoms systems and medical
laboratory systems, announces its interim results for the six months ended 30
June 2010.

Half Year Highlights

+------------------------+---------------+------------+------------+
| Six months ended 30 | 2010 (H1) | 2009 (H1) | Change % |
| June | | | |
+------------------------+---------------+------------+------------+
| Revenue | $55.3m | $69.0m | (19.9%) |
+------------------------+---------------+------------+------------+
| Gross profit | $19.8m | $30.0m | (34.0%) |
+------------------------+---------------+------------+------------+
| EBITDA | $2.1m | $14.2m | (85.2%) |
+------------------------+---------------+------------+------------+
| Income / (loss) per | (0.21)c | 3.35c | (106.2%) |
| share | | | |
+------------------------+---------------+------------+------------+

Highlights
- Revenues of $55.3m
- Strong Balance sheet with $62.8m in liquid investments (Dec 09: $66.8m)
- Net profit close to break-even
- Dividends totalling $8.1 million paid on July 26 2010
- Completion of office consolidation in US and Israel into offices purchased
in 2009

Dr Zvi Marom, Chief Executive of BATM said:

"Despite the decline in Telecom division revenues, primarily from one OEM
customer, BATM has strengthened its core technological offering and is
developing other sales channels to leverage these new, market leading products.
Even though the results of this process will not be immediate, BATM is confident
that replacement revenues will be found and several new customers will join the
users of our IP line.

"BATM's Medical division has grown by 50% (more than half of it due to organic
growth) on the same period last year and the progress that this division
continues to make both in revenues and profitability, as well as in
technological innovation, continues to highlight the importance of the division
to our business model. We expect that in 2011 all parameters of the division
will improve and we expect to sign significant contracts.

"Despite the slow start to the year, the second half is expected to be
substantially stronger than the first half."


For further information please contact: 10 Aug
Thereafter

BATM Advanced Communications Limited
Dr Zvi Marom, Chief Executive 00 972 9 866 2525
00 972 9 866 2525
Ofer Bar-Ner, Chief Financial Officer 00 1 34 7218 2431
00 1 34 7218 2431
Alon Zieve, Director of Finance 00 972 52 600 6902
00 972 52 600 6902

Singer Capital Markets
Shaun Dobson 020 3205 7626
020 3205 7626

Shore Capital
Pascal Keane 020 7408 4090
020 7408 4090

Threadneedle Communications
Josh Royston / Graham Herring 020 7653 9850
020 7653 9850


Chairman's Statement

Financial Review

Revenues for the first half of 2010 fell by $13.7 million to $55.3 million. This
was comprised of Telecoms division revenue of $35.7 million (2009: $55.9
million) and Medical division revenue of $19.6 million (2009: $13.1 million), an
increase of 50%. The decrease in the Telecoms division was primarily due to a
significant decline of revenues during the period from a major OEM channel, as
compared to those in the equivalent period in 2009.

The gross profit margin has decreased from 43.5% in H1 2009 to 35.8% in line
with the interim management statement released in May. The decrease is primarily
due to the change in sales mix but has also been adversely affected by the
substantial decrease in the Euro / US Dollar exchange rate. This has been
slightly offset by an increase in the gross margin in the Medical division.

Sales and marketing expenses in the first half of 2010 were $7.2m (H1 2009:
$6.7m) - an increase of 7% over the same period last year. The increase is
mainly due to the expansion of our laboratory diagnostics offering. As a
percentage of revenue, sales and marketing expenses were 13.0% (H1 2009: 9.7%).

General and administrative expenses in the first half of 2010 were $4.8m (H1
2009: $4.5m). These costs have similarly increased due to the expansion of our
laboratory diagnostics offering. This increase has been slightly offset by
consolidation of our operations in both the United States and Israel into
centralized sites during the middle of the first half of 2010, and associated
cost savings. As a percentage of revenue, general and administrative expenses
were 8.6% (H1 2009: 6.6%).

Net R&D expense in the first half of 2010 was $6.5m (H1 2009: $5.8m), an
increase of 12%. This increase is again primarily associated with the expansion
of our laboratory diagnostics offering and expanded R&D department working on
immunology diagnostic products.

The operating loss in the first half of 2010 was $1.4m (H1 2009: profit of
$10.8m). The decrease is mainly as a result of the decrease in revenues and
lower gross profit margins. Our surveillance operations generated a loss of $1
million in the first half of the year. In addition this loss is after increased
operating expenses of $1 million associated with the expansion of our medical
diagnostic offering and $0.8 million of non-recurring restructuring costs from
the consolidation of US operations

EBITDA has decreased to $2.1 million from $14.2 million in H1 2009.

Net finance income in the first half of 2010 was $1.0m (H1 2009: $2.9m). The
decrease is largely due to a decrease in income from foreign exchange gains and
associated hedges on USD balances, from $2.2 million in 2009 to $0.6 million in
2010.

Tax expenses of $1.2 million includes $0.7 million tax on dividends of $8.1
million part of which were from profits from the approved enterprise scheme and
therefore incur tax on distribution, and an exceptional tax expense in Italy.

Net loss after tax in the first half of 2010 amounted to $1.5m (H1 2009: profit
of $12.9m), resulting in a basic loss per share of 0.21 cents (H1 2009: profit
of 3.35 cents).

Our balance sheet remains strong with effective liquidity of $62.8m. This has
decreased by $4.0m from $66.8m as at 31 December 2009. This decrease is
primarily due to erosion of our Euro denominated cash by the strengthening of
the US Dollar. Period end cash is comprised as follows: cash and deposits up to
three months duration of $30.2m; short-term cash deposits up to one year of
$29.6m; $3.0m is held in investments including $1.0m in triple A bank notes
falling due at the end of 2010; and $2.0m in bonds that announced early
repayment and were paid on 15 July 2010. As the dominant economic environment
has been Euro denominated, the majority of the Company's liquid assets are held
in this currency.

Business Review

Telecoms Division
This first half of the year has been marked by a significant decrease of
revenues to a major OEM customer and an operating loss of $1 million generated
by our surveillance business. As a result of the declining OEM market management
has put an increased focus on the development of direct sales and alternative
complimentary OEM channels. Management has also identified areas in which costs
can be reduced in those parts of the division that have suffered.

In the first half of 2010 BATM released two niche packet backhaul products
including both a cell site gateway and 10G multi-service aggregation switch.
Orders were received for both products on release, and we expect demand to grow
into next year. BATM intends to release its unique service management solution
towards the end of the year. Several requests from major customers for pilots
have been received and a few important customers were selected for field trials.
The combination of these products gives service providers the ability to migrate
cost effectively their wireless networks to 3G and 4G without having to replace
their core networks. This new product suite, as well as planned future
offerings, puts BATM in an excellent position to increase its direct sales to
service providers under its Telco Systems brand in the coming years.

During H1 2010 we consolidated operations both in the United States and Israel
into two new offices purchased in the second half of 2009, capitalizing on
unique opportunities in the real estate market. This move will reduce the
operational overheads in both locations and cost savings will be realised in the
second half of this year. In addition we have taken steps to reduce the cost
base of parts of the division associated with weaker product lines. These cost
savings should reduce operating expenses by approximately $1 million per annum.
Our surveillance operations generated an operational loss of $1 million and
changes to personnel and the business model have been made in order to bring the
business into operational balance by the end of 2010.

As part of the strategic progress described above, BATM attained important
achievements in the first half of the year. As reported earlier in the year a
licensing agreement was signed with a major chip manufacturer and our
relationship with a relatively new tier two OEM customer has shown very positive
signs. These developments are expected to yield revenues of several million US
dollars from 2011 onwards. Management believes that despite the difficulties
that have faced the Telecom Division due to the decline in its major OEM
business there are good prospects of a return to growth.

Medical Division
During the first half of 2010 the Medical Division has made exceptional
progress. Revenues have grown by 50% compared with the same period in 2009, of
which approximately half was organic growth, and the gross margins are steadily
increasing. Gross margins in the division are expected to approach the
mid-twenty percent later this year and will continue to rise as marketing of
reagents with the machines ramps up towards the end of this year. The growth has
been driven by new sales channels in all of our small-mid laboratory businesses
both in the sterilization and diagnostics offerings. Channels have been
developed in BRIC countries as well as in the Middle East and Europe. BATM has
put great emphasis on emerging markets and believes that it can further enhance
its position in these markets this year.

The Medical division has unveiled a highly innovative new product in our
sterilization line that offers an extremely cost effective medical waste
disposal solution to medical centres. BATM expects to register several patents
on this IP and a backlog of orders for this product has already been generated
for 2011. The Research and Development department of the diagnostic line are
currently developing solutions that are designed to increase the speed and cost
effectiveness of clinical chemistry tests.

In the second half of the year we will continue to consolidate our Medical
businesses which we believe will lead to modest cost savings and increased sales
synergies.

Prospects
Despite the disappointing start to the year, due almost exclusively to the low
orders from our major OEM customer, from April onwards we have begun to see
positive signs in our business. We have signed two licensing agreements with new
customers, including an agreement reported in April 2010 with a leading
semi-conductor manufacturer, to license some of our mobile backhaul technology.
Backlog orders have been received for our new Metro devices and deliveries will
start in H2. Revenues from the licensing will begin in mid 2011 and are
initially expected to be in the region of several US$ million. There have also
been strong orders in the Medical division at the start of H2.
We expect to see the upwards trend continue in the second half of 2010.
Management is encouraged by the positive signs in the business at the end of H1
and beginning of H2. The sales mix to date is expected to continue and
management expects that revenues for the full year will reach in the region of
$120 million and that profitability in the second half of the year, as
previously reported in the Interim Management Statement, will be in line with
that of the second half of 2009.


Peter Sheldon
Chairman

10 August 2010
BATM ADVANCED COMMUNICATIONS LTD.
CONSOLIDATED INCOME STATEMENTS
+--------------------------------------+--------------+--------------+
| | Six months ended 30 |
| | June |
+--------------------------------------+-----------------------------+
| | | 2 0 0 9 |
| | 2 0 1 0 | |
+--------------------------------------+--------------+--------------+
| | US$ in thousands |
+--------------------------------------+-----------------------------+
| | Unaudited | Unaudited |
+--------------------------------------+--------------+--------------+
| | | |
+--------------------------------------+--------------+--------------+
| Revenues | 55,285 | 68,995 |
+--------------------------------------+--------------+--------------+
| | | |
+--------------------------------------+--------------+--------------+
| Cost of revenues | 35,487 | 39,012 |
+--------------------------------------+--------------+--------------+
| | | |
+--------------------------------------+--------------+--------------+
| Gross profit | 19,798 | 29,983 |
+--------------------------------------+--------------+--------------+
| | --------- | --------- |
+--------------------------------------+--------------+--------------+
| Operating expenses | | |
+--------------------------------------+--------------+--------------+
| | | |
+--------------------------------------+--------------+--------------+
| Sales and marketing expenses | 7,212 | 6,716 |
+--------------------------------------+--------------+--------------+
| | | |
+--------------------------------------+--------------+--------------+
| General and administrative | 4,781 | 4,524 |
| expenses | | |
+--------------------------------------+--------------+--------------+
| | | |
+--------------------------------------+--------------+--------------+
| Research and development expenses | 6,522 | 5,842 |
+--------------------------------------+--------------+--------------+
| | | |
+--------------------------------------+--------------+--------------+
| Other operating expenses | 2,656 | 2,080 |
+--------------------------------------+--------------+--------------+
| | | |
+--------------------------------------+--------------+--------------+
| Total operating expenses | 21,171 | 19,162 |
+--------------------------------------+--------------+--------------+
| | --------- | --------- |
+--------------------------------------+--------------+--------------+
| Operating (loss) profit | (1,373) | 10,821 |
+--------------------------------------+--------------+--------------+
| | | |
+--------------------------------------+--------------+--------------+
| Investment revenue | 818 | 806 |
+--------------------------------------+--------------+--------------+
| Gains (losses) on financial | (1,122) | 1,057 |
| instruments | | |
+--------------------------------------+--------------+--------------+
| Foreign exchange differences | 1,711 | 1,158 |
+--------------------------------------+--------------+--------------+
| Finance cost | (372) | (160) |
+--------------------------------------+--------------+--------------+
| | | |
+--------------------------------------+--------------+--------------+
| Profit / (loss) before tax | (338) | 13,682 |
+--------------------------------------+--------------+--------------+
| | | |
+--------------------------------------+--------------+--------------+
| Tax | (1,194) | (800) |
+--------------------------------------+--------------+--------------+
| | | |
+--------------------------------------+--------------+--------------+
| Profit / (loss) for the period | (1,532) | 12,882 |
| | | |
+--------------------------------------+--------------+--------------+
| | | |
+--------------------------------------+--------------+--------------+
| Attributable to: | | |
+--------------------------------------+--------------+--------------+
| Owners of the Company | (867) | 13,451 |
+--------------------------------------+--------------+--------------+
| Non-controlling interests | (665) | (569) |
+--------------------------------------+--------------+--------------+
| | | |
+--------------------------------------+--------------+--------------+
| Income / (loss) for the period | (1,532) | 12,882 |
+--------------------------------------+--------------+--------------+
| | | |
+--------------------------------------+--------------+--------------+
| Earnings / (loss) per share (in | (0.21) | 3.35 |
| cents) basic | | |
+--------------------------------------+--------------+--------------+
| Earnings / (loss) per share (in | (0.21) | 3.34 |
| cents) diluted | | |
+--------------------------------------+--------------+--------------+
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
+--------------------------------------+------------+-----------+
| | Six months ended 30 |
| | June 30, |
+--------------------------------------+------------------------+
| | | 2 0 0 9 |
| | 2 0 1 0 | |
+--------------------------------------+------------+-----------+
| | US$ in thousands |
+--------------------------------------+------------------------+
| | Unaudited | Unaudited |
+--------------------------------------+------------+-----------+
| | | |
+--------------------------------------+------------+-----------+
| Profit / (loss) for the period | (1,532) | 12,882 |
+--------------------------------------+------------+-----------+
| Exchange differences on translating | (10,994) | 1,352 |
| foreign operations | | |
+--------------------------------------+------------+-----------+
| Total Comprehensive Income (loss) of | (12,526) | 14,234 |
| the Period | | |
+--------------------------------------+------------+-----------+
| Attributable to: | | |
+--------------------------------------+------------+-----------+
| Owners of the Company | (12,144) | 14,610 |
+--------------------------------------+------------+-----------+
| Non-controlling interests | (382) | (376) |
+--------------------------------------+------------+-----------+
| | (12,526) | 14,234 |
+--------------------------------------+------------+-----------+
BATM ADVANCED COMMUNICATIONS LTD.
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

+-------------------------------+-----------------------+----------------------+----------------------+
| | 30 June | 30 June | 31 December |
+-------------------------------+-----------------------+----------------------+----------------------+
| | 2 0 1 0 | 2 0 0 9 | 2 0 0 9 |
+-------------------------------+-----------------------+----------------------+----------------------+
| | US$ in thousands |
+-------------------------------+---------------------------------------------------------------------+
| | Unaudited | Unaudited | Audited |
+-------------------------------+-----------------------+----------------------+----------------------+
| Non-current assets | | | |
+-------------------------------+-----------------------+----------------------+----------------------+
| | | | |
| Goodwill | 11,060 | 12,345 | 11,345 |
+-------------------------------+-----------------------+----------------------+----------------------+
| Other intangible assets | 20,546 | 26,794 | 23,323 |
| Property, plant and equipment | 22,106 | 12,956 | 21,911 |
| Held to maturity investments | - | 5,871 | 4,347 |
| Deferred tax asset | 4,678 | 2,065 | 4,848 |
+-------------------------------+-----------------------+----------------------+----------------------+
| | 58,390 | 60,031 | 65,774 |
+-------------------------------+-----------------------+----------------------+----------------------+
| | | | |
+-------------------------------+-----------------------+----------------------+----------------------+
| Current assets | | | |
+-------------------------------+-----------------------+----------------------+----------------------+
| Inventories | 19,792 | 17,392 | 22,040 |
+-------------------------------+-----------------------+----------------------+----------------------+
| Investments | 32,622 | 35,093 | 34,332 |
+-------------------------------+-----------------------+----------------------+----------------------+
| Trade and other receivables | 25,920 | 36,985 | 31,171 |
+-------------------------------+-----------------------+----------------------+----------------------+
| Cash and cash equivalents | 30,173 | 28,117 | 28,095 |
+-------------------------------+-----------------------+----------------------+----------------------+
| | 108,507 | 117,587 | 115,638 |
+-------------------------------+-----------------------+----------------------+----------------------+
| | | | |
+-------------------------------+-----------------------+----------------------+----------------------+
| Total assets | 166,897 | 177,618 | 181,412 |
+-------------------------------+-----------------------+----------------------+----------------------+
| | | | |
| Current liabilities | | | |
| Short-term bank credit | 5,875 | 6,477 | 6,139 |
| Trade and other payables | 28,969 | 32,023 | 21,624 |
| Provisions | 3,806 | 2,818 | 3,505 |
| | 38,650 | 41,318 | 31,268 |
+-------------------------------+-----------------------+----------------------+----------------------+
| Net current assets | 69,857 | 76,269 | 84,370 |
+-------------------------------+-----------------------+----------------------+----------------------+
| | | | |
+-------------------------------+-----------------------+----------------------+----------------------+
| Non-current liabilities | | | |
| Long-term payables | 12,755 | 7,546 | 14,219 |
+-------------------------------+-----------------------+----------------------+----------------------+
| Retirement benefit obligation | 793 | 983 | 875 |
| | 13,548 | 8,529 | 15,094 |
| Total liabilities | 52,198 | 49,847 | 46,362 |
| | | | |
+-------------------------------+-----------------------+----------------------+----------------------+
| Net assets | 114,699 | 127,771 | 135,050 |
+-------------------------------+-----------------------+----------------------+----------------------+
| | | | |
+-------------------------------+-----------------------+----------------------+----------------------+
| Equity | | | |
+-------------------------------+-----------------------+----------------------+----------------------+
| Share capital | 1,214 | 1,212 | 1,214 |
+-------------------------------+-----------------------+----------------------+----------------------+
| Share premium account | 406,263 | 405,465 | 405,961 |
+-------------------------------+-----------------------+----------------------+----------------------+
| Foreign currency translation | | | |
| reserve and other reserves | (14,673) | (5,115) | (3,229) |
+-------------------------------+-----------------------+----------------------+----------------------+
| Accumulated Deficit | (279,802) | (277,874) | (270,808) |
+-------------------------------+-----------------------+----------------------+----------------------+
| Equity attributable to equity | | | |
| holders of the: | | | |
+-------------------------------+-----------------------+----------------------+----------------------+
| Owners of the Company | 113,002 | 123,688 | 133,138 |
+-------------------------------+-----------------------+----------------------+----------------------+
| Non-controlling interest | 1,697 | 4,083 | 1,912 |
+-------------------------------+-----------------------+----------------------+----------------------+
| Total equity | 114,699 | 127,771 | 135,050 |
+-------------------------------+-----------------------+----------------------+----------------------+

BATM ADVANCED COMMUNICATIONS LTD.
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY


Six month ended on 30 June 2010

+---------------+---------+---------+-------------+---------+-------------+--------------+-----------------+----------+
| | | Share | | | | | | |
| | Share |Premium |Translation | Other |Accumulated |Attributable |Non-Controlling | Total |
| |Capital |Account | reserve |reserve | Deficit |to owners of | Interests | equity |
| | | | | | | the Company | | |
+---------------+---------+---------+-------------+---------+-------------+--------------+-----------------+----------+
| | US$ in thousands |
+---------------+-----------------------------------------------------------------------------------------------------+
| As at 1 | | | | | | | | |
| January | | | | | | | | |
| 2010 | 1,214 | 405,961 | (4,015) | 786 | (270,808) | 133,138 | 1,912 | 135,050 |
| | | | | | | | | |
+---------------+---------+---------+-------------+---------+-------------+--------------+-----------------+----------+
| | | | | | | | | |
+---------------+---------+---------+-------------+---------+-------------+--------------+-----------------+----------+
| Exercise | | | | | | | | |
| of share | | | | | | | | |
| based | | | | | | | | |
| options | - | 83 | | | | 83 | - | 83 |
| by | | | | | | | | |
| employees | | | | | | | | |
+---------------+---------+---------+-------------+---------+-------------+--------------+-----------------+----------+
| Recognition | | | | | | | | |
| of | | | | | | | | |
| share-based | | 219 | | | | 219 | - | 219 |
| payments | | | | | | | | |
+---------------+---------+---------+-------------+---------+-------------+--------------+-----------------+----------+
| Purchase | | | | | | | | |
| of non- | | | | | | | | |
| controlling | | | | (167) | | (167) | 167 | - |
| interest | | | | | | | | |
+---------------+---------+---------+-------------+---------+-------------+--------------+-----------------+----------+
| Proposed | | | | | | | | |
| Dividend | | | | | (8,127) | (8,127) | - | (8,127) |
+---------------+---------+---------+-------------+---------+-------------+--------------+-----------------+----------+
| Comprehensive | | | | | | | | |
| loss for the | | | (11,277) | | (867) | (12,144) | (382) | (12,526) |
| period | - | - | | | | | | |
+---------------+---------+---------+-------------+---------+-------------+--------------+-----------------+----------+
| As at 30 | | | | | | | | |
| June | | | | | | | | |
| 2010 | 1,214 | 406,263 | (15,292) | 619 | (279,802) | 113,002 | 1,697 | 114,699 |
| (unaudited) | | | | | | | | |
+---------------+---------+---------+-------------+---------+-------------+--------------+-----------------+----------+
BATM ADVANCED COMMUNICATIONS LTD.
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (cont.)

+---------------+---------+---------+-------------+----------+--------------+--------------+-----------------+----------+
| Six month ended on 30 June 2009 | |
| | |
+------------------------------------------------------------+----------------------------------------------------------+
| | | Share | | | |Attributable | | |
| | Share |Premium |Translation | Other | Accumulated |to Owners of |Non-Controlling | Total |
| |Capital |Account | reserve |reserves | Deficit | the Company | Interests | equity |
+---------------+---------+---------+-------------+----------+--------------+--------------+-----------------+----------+
| | US$ in thousands |
+---------------+-------------------------------------------------------------------------------------------------------+
| As at 1 | | | | | | | | |
| January | | | | | | | | |
| 2009 | 1,210 | 404,928 | (6,060) | - | (286,764) | 113,314 | 4,459 | 117,773 |
| | | | | | | | | |
+---------------+---------+---------+-------------+----------+--------------+--------------+-----------------+----------+
| | | | | | | | | |
+---------------+---------+---------+-------------+----------+--------------+--------------+-----------------+----------+
| Exercise | | | | | | | | |
| of share | | | | | | | | |
| based | | | | | | | | |
| options | 2 | 139 | | | | 141 | - | 141 |
| by | | | | | | | | |
| employees | | | | | | | | |
+---------------+---------+---------+-------------+----------+--------------+--------------+-----------------+----------+
| Recognition | | | | | | | | |
| of | | | | | | | | |
| share-based | | 398 | | | | 398 | - | 398 |
| payments | | | | | | | | |
+---------------+---------+---------+-------------+----------+--------------+--------------+-----------------+----------+
| Purchase | | | | | | | | |
| of non- | | | | | | | | |
| controlling | | | | (214) | | (214) | - | (214) |
| interest | | | | | | | | |
+---------------+---------+---------+-------------+----------+--------------+--------------+-----------------+----------+
| Proposed | | | | | | | | |
| Dividend | | | | | (4,561) | (4,561) | - | (4,561) |
+---------------+---------+---------+-------------+----------+--------------+--------------+-----------------+----------+
| Comprehensive | | | | - | | 14,610 | | |
| income for | | | 1,159 | | 13,451 | | ( 376) | 14,234 |
| the period | | - | | | | | | |
+---------------+---------+---------+-------------+----------+--------------+--------------+-----------------+----------+
| As at 30 | | | | | | | | |
| June | | | | | | | | |
| 2009 | 1,212 | 405,465 | (4,901) | (214) | (277,874) | 123,688 | 4,083 | 127,771 |
| (unaudited) | | | | | | | | |
+---------------+---------+---------+-------------+----------+--------------+--------------+-----------------+----------+


BATM ADVANCED COMMUNICATIONS LTD.
CONSOLIDATED STATEMENT OF CASH FLOWS


+----------------------------------------+---------------+---------------+
| | Six months ended 30 June |
+----------------------------------------+-------------------------------+
| | | |
+----------------------------------------+---------------+---------------+
| | 2 0 1 0 | 2 0 0 9 |
+----------------------------------------+---------------+---------------+
| | |
+----------------------------------------+-------------------------------+
| | US$ in thousands |
+----------------------------------------+-------------------------------+
| | | |
+----------------------------------------+---------------+---------------+
| | Unaudited | Unaudited |
+----------------------------------------+---------------+---------------+
| | | |
+----------------------------------------+---------------+---------------+
| Net cash from operating activities | 7,208 | 15,943 |
| (Appendix A) | | |
+----------------------------------------+---------------+---------------+
| | ------------- | ------------- |
+----------------------------------------+---------------+---------------+
| Investing activities | | |
+----------------------------------------+---------------+---------------+
| | | |
| Interest received | 570 | 736 |
| Proceeds on disposal of held to | 1,183 | 1,050 |
| maturity investments | | |
| Proceeds on disposal of financial | 13,108 | 18,095 |
| assets carried at fair value through | 21,805 | 10,000 |
| profit and loss | | |
| Proceeds on disposal of deposits | | |
+----------------------------------------+---------------+---------------+
| Purchases of property, plant and | (1,881) | (2,407) |
| equipment | | |
| Purchases of financial assets carried | (16,672) | (14,991) |
| at fair value through profit and loss | (19,328) | (27,953) |
| Purchases of deposits | | |
+----------------------------------------+---------------+---------------+
| Investment in other business | (959) | (4,440) |
| combinations | | |
+----------------------------------------+---------------+---------------+
| Acquisition of subsidiaries (Appendix | - | 183 |
| B) | | |
+----------------------------------------+---------------+---------------+
| Net cash used in investing activities | (2,174) | (19,727) |
+----------------------------------------+---------------+---------------+
| | ------------- | ------------- |
+----------------------------------------+---------------+---------------+
| Financing activities | | |
+----------------------------------------+---------------+---------------+
| | | |
+----------------------------------------+---------------+---------------+
| Increase (decrease) in short-term bank | (1,779) | 191 |
| credit | | |
+----------------------------------------+---------------+---------------+
| Bank loan received | 1,500 | - |
+----------------------------------------+---------------+---------------+
| Bank loan repayment | (462) | - |
+----------------------------------------+---------------+---------------+
| Proceeds on issue of shares | 83 | 141 |
+----------------------------------------+---------------+---------------+
| Net cash from (used in) financing | (658) | 332 |
| activities | | |
+----------------------------------------+---------------+---------------+
| | ------------- | ------------- |
+----------------------------------------+---------------+---------------+
| Increase (decrease) in cash and cash | 4,376 | (3,452) |
| equivalents | | |
+----------------------------------------+---------------+---------------+
| | | |
+----------------------------------------+---------------+---------------+
| Cash and cash equivalents at the | | |
| beginning of the period | 28,095 | 30,737 |
+----------------------------------------+---------------+---------------+
| | | |
+----------------------------------------+---------------+---------------+
| Effects of exchange rate changes on | | |
| the balance of cash held in foreign | (2,298) | 832 |
| currencies | | |
+----------------------------------------+---------------+---------------+
| | | |
+----------------------------------------+---------------+---------------+
| Cash and cash equivalents at the end | 30,173 | 28,117 |
| of the period | | |
+----------------------------------------+---------------+---------------+
| | | |
+----------------------------------------+---------------+---------------+
BATM ADVANCED COMMUNICATIONS LTD.
APPENDICES TO CONSOLIDATED STATEMENT OF CASH FLOWS

APPENDIX A
RECONCILIATION OF OPERATING PROFIT (LOSS) FOR THE PERIOD TO NET CASH
FROM OPERATING ACTIVITIES
+----------------------------------------------+-----------+-----------+
| | Six months ended |
| | 30 June |
+----------------------------------------------+-----------------------+
| | 2 0 1 0 | 2 0 0 9 |
+----------------------------------------------+-----------+-----------+
| | US$ in thousands |
+----------------------------------------------+-----------------------+
| |Unaudited |Unaudited |
+----------------------------------------------+-----------+-----------+
| | | |
+----------------------------------------------+-----------+-----------+
| Operating (loss) profit from continuing | (1,373) | 10,821 |
| operations | | |
| Adjustments for: | | |
+----------------------------------------------+-----------+-----------+
| Amortization of intangible assets | 1,890 | 2,080 |
+----------------------------------------------+-----------+-----------+
| Depreciation of property, plant and | 1,299 | 1,309 |
| equipment | | |
+----------------------------------------------+-----------+-----------+
| Stock options granted to employees | 219 | 398 |
+----------------------------------------------+-----------+-----------+
| Increase (decrease) in retirement benefit | (82) | 62 |
| obligation | | |
+----------------------------------------------+-----------+-----------+
| Increase (decrease) in provisions | 14 | (13) |
| | | |
+----------------------------------------------+-----------+-----------+
| Operating cash flow before movements in | 1,967 | 14,657 |
| working capital | | |
+----------------------------------------------+-----------+-----------+
| Decrease in Inventory | 1,906 | 3,953 |
+----------------------------------------------+-----------+-----------+
| Decrease (Increase) in receivables | 4,112 | (7,844) |
+----------------------------------------------+-----------+-----------+
| Increase (decrease) in payables | (236) | 5,446 |
+----------------------------------------------+-----------+-----------+
| Cash generated by operations | 7,749 | 16,212 |
+----------------------------------------------+-----------+-----------+
| Income taxes paid | (169) | (109) |
| | | |
+----------------------------------------------+-----------+-----------+
| Interest paid | (372) | (160) |
+----------------------------------------------+-----------+-----------+
| Net cash from operating activities | 7,208 | 15,943 |
+----------------------------------------------+-----------+-----------+

APPENDIX B
ACQUISITION OF SUBSIDIARIES
+--------------------------------------------------------+----------+-----------+
| | Six months ended |
| | 30 June |
+--------------------------------------------------------+----------------------+
| | 2 0 0 9 |
+--------------------------------------------------------+----------------------+
| | US$ in thousands |
+--------------------------------------------------------+----------------------+
| | |Unaudited |
+--------------------------------------------------------+----------+-----------+
| Net assets acquired | | |
+--------------------------------------------------------+----------+-----------+
| Property, plant and equipment | | 1,359 |
+--------------------------------------------------------+----------+-----------+
| Inventory | | 205 |
+--------------------------------------------------------+----------+-----------+
| Trade and other receivables | | 446 |
+--------------------------------------------------------+----------+-----------+
| Trade and other payables | | (2,374) |
| Short-term bank credit | | (2,641) |
+--------------------------------------------------------+----------+-----------+
| Long-term payables | | (3,149) |
+--------------------------------------------------------+----------+-----------+
| Non-controlling Interest | | ____- |
+--------------------------------------------------------+----------+-----------+
| | | (6,154) |
+--------------------------------------------------------+----------+-----------+
| Intangible assets | | 5,971 |
+--------------------------------------------------------+----------+-----------+
| Total consideration | | (183) |
+--------------------------------------------------------+----------+-----------+
BATM ADVANCED COMMUNICATIONS LTD
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Note 1 - General

The unaudited results for the six months ended 30th June 2010 have been prepared
in accordance with International Financial Reporting Standards (IFRS) set out in
the Annual Report and Financial Statements for the year ended 31 December 2009.
The unaudited results for the six months ended 30th June 2009 were prepared on
the same basis.
During the period the following standards came into effect:
Improvements to IFRSs 2009 Improvements to IFRSs 2009


Note 2 - Profit (loss) per share

Profit (loss) per share is based on the weighted average number of shares in
issue for the period of 402,393,379 (H1 2009: 401,171,587). The number used for
the calculation of the diluted profit per share for H1 2010 (which includes the
effect of dilutive stock option plans) is 403,894,193 shares (H1 2009:
402,239,043).


Note 3 - Acquisition of Subsidiaries

During June 2010 the Group acquired the trade and assets of an Israeli Telecoms
software services provider called Balora Ltd ("Balora") for a consideration of
$0.8 million.

As of the authorization of these financial statements, the Purchase Price
Allocation ("PPA") of Balora had not been completed. The allocation used for
these financial statements represent management best estimates.


Note 4 - Segments

Business Segment

+-----------------+-+------------------+------------+---------------+
| Six months ended 30 June 2010 |
+-------------------------------------------------------------------+
| | | | |
| |Telecommunications | | Total |
| | | Medical | |
+-----------------+--------------------+------------+---------------+
| US$ in thousands |
+-------------------------------------------------------------------+
| | | | |
+-------------------+------------------+------------+---------------+
| Revenues | 35,648 | 19,637 | 55,285 |
+-------------------+------------------+------------+---------------+
| | | | |
+-------------------+------------------+------------+---------------+
| Operating profit | 1,775 | (492) | 1,283 |
| (loss)* | | | |
+-------------------+------------------+------------+---------------+
| | | | | |
+-----------------+-+------------------+------------+---------------+

* Excluding other operating expenses


BATM ADVANCED COMMUNICATIONS LTD
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note 4 - Segments (Cont.)

+------------------+--------------------+------------+----------+
| Six months ended 30 June 2 0 0 9 |
+---------------------------------------------------------------+
| | | | |
| |Telecommunications | | Total |
| | | Medical | |
+------------------+--------------------+------------+----------+
| US$ in thousands |
+---------------------------------------------------------------+
| | | | |
+------------------+--------------------+------------+----------+
| Revenues | 55,915 | 13,080 | 68,995 |
+------------------+--------------------+------------+----------+
| | | | |
+------------------+--------------------+------------+----------+
| Operating profit | 13,158 | (257) | 12,901 |
| (loss)* | | | |
+------------------+--------------------+------------+----------+

* Excluding other operating expenses

Note 5- Events during the period

During the period there was a significant decrease in revenues from a major OEM
customer.

Note 6- Events after the balance sheet date

Dividend
A dividend of GBP 1.35 per share, totalling GBP 5,408 thousand ($8,127
thousand), was declared on 8 February 2010 and paid on 26 July 2010.

A ten year chart shows the stark difference in fortunes for 2 former tech 'darlings'.

LONDON (SHARECAST) - Increased medical technology sales at BATM Advanced Communications Ltd failed to offset the decline in telecommunications equipment revenues.

Overall revenues fell by one-fifth to $55.3m in the six months to June 2010. Medical revenues are more than one-third of the total. A profit of $13.7m was turned into a loss of $338,000 in the latest six month period. Net cash and investments were $56.9m at the end of June 2010. Since then $8.13m has been paid in dividends.

BATMs main telecoms customer has been hit by Chinese competition. BATM is trying to widen its customer base and that is leading to higher overheads.

KBC Peel Hunt forecasts a full year profit of $6.9m. In the second half, medical should continue to grow revenues and telecoms should recover.

The TIMES
Tempus

Telecoms equipment specialist BATM Advanced Communications is a throwback to the days of the tech boom. The group slid to a loss in the first half of the year amid problems with a large customer, thought to be Nokia Siemens Networks. BATM looks risky at this level so hold on for more clarity .

From the FT.com Market report thinks the rise was due to FinnCap.........

LONDON SMALL-CAPS:

SmartFocus, the e-mail marketing group, gained 2.2 per cent to 11p following the acquisition last week of US peer Unica by IBM for $480m, a more than 100 per cent premium.

IBM paid four times Unicas expected revenues compared with SmartFocuss current valuation of 0.6 times sales, said Arbuthnot Securities. With consolidation in the software sector continuing, we see the opportunity for SmartFocus to benefit in due course, the broker added.

Gulfsands Petroleum lost 3.8 per cent to 294p after it said the first of three target zones at the Lambouka well offshore of Tunisia was dry. RBC, Gulfsands house broker, cut 12p off its valuation of the stock but said a strike at the site would still be worth 135p a share.

Kea Petroleum was 10.7 per cent weaker at 12p on news its drill partner had plugged and abandoned the Tuatra well in New Zealand, in which Kea owned a 10 per cent stake.

Rok the property repair group that last week warned on profits, rallied 14.9 per cent to 19p on short-covering ahead of pending interim results.

BATM Advanced Communications, the telecoms infrastructure maker, rose 5.2 per cent to 25p after FinnCap analysts highlighted the groups effective liquidity of $63m, or about 10p a share.

Sirius Exploration , down 5.6 per cent to 2p, could be active after North Dakota regulators approved a permit for the group to begin drilling for potash.

Central China Goldfields jumped 48.7 per cent to 6p after the miner announced a 450 per cent increase in the resource estimate for its Bullabulling project in West Australia.

Oxford Catalysts rose 9.8 per cent to 82p after saying a trial using its reactor technology to make synthetic fuels was on track. We highlight further risks as the company tests more aggressive operating conditions, but we view progress to date as encouraging, said PiperJaffray analysts.

Last Saturday fromt he FT.com .......

re - now owns its own real estate

Steps needed to prevent bulletin-board misuse -- August 13 2010 19:18

Online investor bulletin boards occasionally provide me with some snippets of useful information but I always take pains to validate this information from more reputable sources before I trust it. ................

Turning to my own trades not influenced by bulletin boards I have been monitoring price swings in BATM Advanced Communications (ticker symbol: BVC) for several weeks.

BATM is a leading producer of broadband and telecoms system components. It also has a rapidly growing medical diagnostic division. But it has given investors a painful time in 2010. Its shares fell sharply in February after it stated that revenues had weakened due to the loss of a key customer.

As our price chart shows, the shares fell further in May in response to an interim management statement that repeated Februarys warning.

This caught my attention because it was old news which I assumed had been reflected in the share price since February. Mays statement also noted that the revenue trend was improving in spite of the loss of that key customer. Investors ignored this positive news.

Prices fell, yet again, last Tuesday morning in response to a poorly received first-half earnings statement. The company reported a small loss.

Given that the stock market is usually forward-looking, I could not help but wonder how many times the shares could sell-off on the same bad news.

It seems the downturn came to an end at 8:06am six minutes after the markets opened. Prices fell about 15 per cent and then began to recover. The briefness of the sell-off plus the length of time that the bad news had been in the market led me to conclude that all the nervous money was finally shaken out. I decided to pounce at what I believed to be a bargain basement price.

I do not think it much of a gamble. Tuesdays report also contained a healthy dollop of good news. Revenues in BATMs medical division are 50 per cent ahead of last year and growth shows no sign of slowing. Medical profit margins are low in this financial year because the company is spending heavily to exploit its opportunity. But margins should improve in 2011 in line with rising revenues.

BATMs troubled telecoms division also reported good news. Orders were quickly received for two new products, while a third major product is undergoing trials, so the company expects division revenues to rise sharply in 2011.

Robin Speakman of Shore Capital provides the cherry on the cake. BATM has valuable real estate holdings on its books. He estimates that their value equates to about 10p per share. Few investors are aware of this. The companys cash and near cash is worth another 10p per share. But the current share price is only 24.25p. At this price, its like buying a cash pile with a high potential telecoms supplier and a booming medical testing division thrown in for free.

Stock market historian David Schwartz is an active short-term trader, writing about his own trades and strategies

David Schwartz buys for his portfolio

24 August 2010 -- TransACT Teams with Telco Systems in the Access

http://www.transact.com.au/

MANSFIELD, MA Telco Systems, a BATM company (LSE: BVC) and a leading provider of Carrier Ethernet access and aggregation solutions, has announced that TransACT, a major Canberra-based telecommunications provider, has selected Telco Systems to provide the edge-to-access solution for an upcoming network upgrade.

We are experiencing an ever growing demand to provide greater bandwidth with even higher levels of service assurance, said TransACT Chief Executive Officer Ivan Slavich.
TransACT Chief Technical Officer Wayne Bouffler said, By providing a fully managed 10G H-VPLS edge solution that interoperates with our core switches, Telco Systems has satisfied the need to expand our Ethernet service offering to more customers, without jeopardizing the current investment in our core network.

TransACT offers Metro Ethernet services and point-to-point Ethernet services over a fibre network that supports symmetrical speeds ranging from 5Mbps through to 10Gbps and provides carrier-grade data centre and last mile services for SME, Corporate, Wholesale and Government clients. The network also caters for backhaul of TransACTs next generation of access equipment including their GPON OLTs and VDSL2 DSLAMs.

The selected solution will enable TransACT to cost-effectively scale their network and expand services to business customers by extending VPLS to the access. It is based on Telco Systems T-Marc demarcation devices which reside at the customer premise, and T-Metro 7124 aggregation switches which collect the customer traffic and map them into H-VPLS services in the access network. T-Metro 7224 10Gig service switches act as a full provider edge switch handling most of the VPLS switching while maintaining QoS and SLA, offloading many of these tasks from the core switch. The architecture will support fully redundant Gigabit Ethernet connections to provide sub-50msec failover.

The network upgrade will add capacity of approximately half a terabyte to TransACTs expansive fibre optic network which will enable them to support thousands more new services. The upgrade is expected to be completed by the first quarter of 2011.

Early Interim Management Statement, most likely due to today's investors presentation and trying to give a lift to the low share price, but though the statement is wanted to be bullish, the figures given can not convince me yet, though needs more reading about any turning around of the company's fortunes

13 September 2010 -- BATM Advanced Communications Limited

Interim Management Statement

BATM Advanced Communications Limited ("BATM" or the "Company") (LSE: BVC),
a leading designer and producer of broadband data and telecoms systems and
medical laboratory systems, is today issuing its Interim Management Statement
for the period from 1 July 2010 to 31 August 2010.

Current trading update
Total revenues in the first two months of the second half of 2010 were $ 18.6
million, compared with $19.1 million in the equivalent period in 2009. Revenues
for the period are broadly inline with those of the equivalent period in 2009
and also with management's expectations.
During these two months the sales mix was 68% from the Telecoms division and 32%
from the Medical division as compared to 75% and 25% in the second half of 2009
and 65% and 35% in the first half of 2010.
The gross margin has slightly increased during the first two months of the
second half of 2010 over the first half of 2010.

Financial position

The Company's balance sheet remains very strong and at the end of August
the effective cash balance stood at $53.4 million, a decrease of $9.4 million
compared to the position at 30 June 2010, largely due to the Dividend payment in
July amounted to $8.8 million and a slightly increase in inventory balances.

BATM ramping up production

BATM Advanced Communications is ramping up production despite a fall in revenues from OEM sales.

It said substantial orders had been received from tier 1 customers in the US and higher demand for backhaul bandwidth, believed to be mainly due to the introduction of the Iphone4.

BATM expects this demand to continue and is ramping up production so deliveries could be accelerated in Q4.

Total revenues in the first two months of the second half of 2010 were $18.6m, compared with $19.1m in 2009.

Revenues for the period are broadly inline with those of the equivalent period in 2009 and also with management's expectations.

During these two months the sales mix was 68% from the telecoms division and 32% from the medical division as compared to 75% and 25% in the second half of 2009 and 65% and 35% in the first half of 2010.

The gross margin has slightly increased during the first two months of the second half of 2010 over the first half of 2010.

re - The gross margin has slightly increased during the first two months of H2

Difficult to see which part of the business is, unless they mean in general, specially as the Tech part is the usual high margin and yet is the one with lower sales on the first 2 month ( During these two months the sales mix was 68% from the telecoms division and 32% from the medical division as compared to 75% and 25% )

EVENTS

21 September 2010

Carrier Ethernet World Congress - Transport Network Strategies - Optimising Networks for Video Delivery

TODAY's INVESTORS PRESENTATION

Investor Presentation needs a good reading to get conclutions as some parts are to some points confusing.

The Telecoms market is growing at 16.6% year on year, but BVC estimated market share is only 6%, meaning is not getting the share it should.

Some Projections for growth in the telecoms division are well down from the past years. Margins are also suffering from 25% to 10%, with profits of $5-$10m for the next couple years, when a couple years back the company was making around the 20M.

All expectations are now from the Medical Division that is growing fast but marging are still well down compare to the Telecon business.

The jam tomorrow did not convinced the late investors at the close

BATM sales fall amid lost Nokia business

By Courtney Weaver -- Last updated: September 14 2010 02:57

BATM Advanced Communications faces falling revenues over the next two years as it struggles to rebuild its telecoms unit after losing much of its business with Nokia.

The Israel-based telecoms equipment manufacturer said that revenues in July and August had fallen to $18.6m, compared with $19.1m for the same period last year, and predicted sales at the telecoms division would remain flat for the next 18 months.

To combat the loss in revenue, the group has come to rely on its less lucrative medical division that produces both laboratory diagnostic tools and equipment used to destroy medical waste. While last year the medical unit represented just 25 per cent of total sales, it now represents 32 per cent. By 2013, the split between the two divisions could be 50-50, said Jon Fletcher, an analyst at Altium Securities.

The share of the lower-margin medical division increasing means less profitability, he said, predicting that it would take 18 to 24 months for BATM to find a source of revenue to replace its business with Nokia.

The Finnish company was forced to reduce its business with BATM earlier this year as it lost out market share to Chinese competitors, a problem also faced by Alcatel and Huawei, two of BATMs other manufacturing partners.

According to BATM, the loss of the partnership led to a $16.7m drop in revenues between the first half of 2009 and the first half of 2010.

Outlook for the telecoms division improved slightly over the past two months thanks to increased business from US telecoms operators. Clients such as Verizon and AT&T have boosted their bandwidth capacity following the release of the iPhone4 and growing popularity for other smartphones, a service that BATM provides.

The company changed its management team in June to work out a new strategy for its telecoms division and is working on alternative sources of revenues, including a new licensing agreement with a top chip designer and finding ways to sell directly to companies .

Shares in BATM, which have fallen 42 per cent over the past 12 months, on Monday fell p to 24p.

Goodness gracious me ........BVC got a contract worth $300K and maybe $1M thereafter .........

28 September 2010
BATM Advanced Communications Limited
Major US Competitive Local Exchange Carrier (CLEC) signs agreement with BATM

BATM is delighted to announce that one of the largest CLECs in the US has
signed an agreement with BATM's telecoms division, whereby the CLEC will
exclusively use BATM's customer premises equipment (CPEs). The agreement follows
rigorous testing and proof of concept trials.

An initial order of approximately US$300K has been received for equipment to be
supplied in Q4 of this year, with annual purchases in excess of US$1 million
expected thereafter.

Dr. Zvi Marom CEO said "I am delighted with this agreement, which is in line
with our stated strategy of placing greater emphasis on direct sales channels.
We believe that our products are the best solutions in the market place and as
the ever increasing demand for bandwidth capacity continues we expect to add
further significant new customers."

Techinvest comes out with a BUY recomendation - October 2010

BATM Advanced Communications 23.25p (BVC: Technology Hardware) BATM saw revenue of $18.6m for the first two months of the second half ended December 31. This result is broadly in line with expectations and compares with $19.1m during the same period last year.
Net cash fell $9.4m, mainly due to dividend payments and ended the period at $53.4m, equal to 8.5p per share. The Medical business accounted for 32% of sales versus 25% in H2 2009.

Field trials of the Integrated Shredder Steriliser have gone well and orders have been received before the completion of trials. In Telecoms, despite declining OEM revenue, substantial orders were secured from US Tier 1 customers. Higher demand for backhaul bandwidth has been seen, which BATM attributes to the launch of the Iphone4.

The Company is ramping up production is anticipation of continued demand. BATM is confident that its previous fullyear guidance ($120m revenue and second half profitability in line with H2 2009) will be achieved. Later during the month, BATM announced an agreement with a major US competitive local exchange carrier. The deal involves an initial equipment order of US$0.3m, with annual purchases in excess of $1m expected.
The Telecoms business looks well placed for recovery and Medical is growing nicely. Buy.

BVC is in page 5 ... http://www.techinvest.ie/downloads/sample.pdf