MTI Wireless Edge Limited Contract Win (0607B)
14 June 2016 - 4:00PM
UK Regulatory
TIDMMWE
RNS Number : 0607B
MTI Wireless Edge Limited
14 June 2016
14 June, 2016
MTI Wireless Edge Ltd
("MTI" or the "Company")
CONTRACT WIN FOR MTI WIRELESS EDGE
MTI Wireless Edge Ltd (AIM: MWE), the developer and manufacturer
of sophisticated antennas and antenna systems and wireless
irrigation solution provider, is pleased to announce that it has
secured a new contract from a new European customer for the
development and manufacturing of an antennas solution for a
military application. The contract is worth over US$1.8 million is
expected to be delivered over the next 26 months.
MTI CEO, Dov Feiner, commented: 'We are delighted with this
order win which shows again our advanced technology and development
capabilities. We believe that this order from a new customer will
be a first step in long term relationship with the customer.'
Contacts:
MTI Wireless Edge
Dov Feiner, CEO
Moni Borovitz, Financial
Director +972 3 900 8900
Allenby Capital
Nick Naylor
Alex Brearley +44 203 328 5656
About MTI Wireless Edge
MTI is engaged in the development, production and marketing of
High Quality, Low Cost, Flat Panel Antennas for Commercial &
for Military applications. Commercial applications such as: WiMAX,
Wireless Networking, RFID readers &, Broadband Wireless Access.
With over 40 years experience, supplying antennas 100KHz to 90GHz
including directional antennas and Omni directional for outdoor and
indoor deployments including Smart Antennas for WiMAX, Wi-Fi,
Public Safety, RFID and for Base Stations and Terminals - Utility
Market. Military applications includes a wide range of broadband,
tactical and specialized communications antennas, antenna systems
and DF arrays installed on numerous airborne, ground and naval,
including submarine, platforms worldwide.
Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), MTI
is also a leading provider of remote control solutions for water
and irrigation applications based on Motorola IRRInet state of the
art control, monitoring and communication technologies. Mottech,
headquartered in Israel, is the global prime distributor of
Motorola for the IRRInet remote control solutions serving its
customers worldwide through its subsidiaries and a global network
of local distributers and representatives. It utilizes over 25
years of experience in providing its customers with remote control
and management systems which ensure constant, reliable and accurate
water usage, while reducing operational costs and maintenance
costly expenses. Mottech activities are focused in the market
segments of agriculture, water distribution, Municipal and
Commercial Landscape and Wastewater and Storm water Reuse.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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