MTI Wireless Edge Limited Contract win (4567K)
21 September 2016 - 9:35PM
UK Regulatory
TIDMMWE
RNS Number : 4567K
MTI Wireless Edge Limited
21 September 2016
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
September 21, 2016
MTI Wireless Edge Ltd
("MTI" or the "Company")
Contract win
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 customer for the development and
manufacturing of an antenna solution for a military application.
The contract is worth approximately US$0.7 million and is expected
to be delivered over the next 24 months.
MTI CEO, Dov Feiner, commented: 'We are delighted with this
order win, which is the second new significant antenna contract in
three months, which again demonstrates our advanced technology and
development capabilities. We believe that these two orders from two
new customers will be the first steps in long-term relationships
with them.'
For further information please contact:
MTI Wireless Edge http://www.mtiwe.com/
Dov Feiner, CEO +972 3 900 8900
Moni Borovitz, Financial
Director
--------------------------- ----------------------
Allenby Capital Limited
Nick Naylor
Alex Brearley +44 20 3328 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 include 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's 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's 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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