MTI Wireless Edge Limited MTI in Deloitte 2016 Technology Fast 50 Israel
30 November 2016 - 9:49PM
RNS Non-Regulatory
TIDMMWE
MTI Wireless Edge Limited
30 November 2016
November 30, 2016
MTI Wireless Edge Ltd
("MTI" or the "Company")
MTI included in Deloitte 2016 Technology Fast 50 Israel
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 MTI has
been included in the Deloitte 2016 Technology Fast 50 Israel
rankings. The Deloitte Technology Fast 50 program recognises the 50
fastest growing technology companies in Israel, private or public,
based on their percentage revenue growth over 2012 to 2015.
The Board of MTI believes that the revenue increase from Mottech
has played a significant role in propelling MTI into Deloitte's Top
50 fastest growing technology index in Israel. The Board further
believes that the 2015 acquisition of Mottech has provided a
platform for the Company to diversify from manufacturing into
services, with recurring revenues and the potential for continued
growth.
"Making it on the Technology fast 50 shows a deep understanding
of the market." said Shally Tshuva Technology, Media &
Telecommunications Industry Leader at Deloitte Israel. "Presenting
such growth rates shows that MTI holds the agility needed to
prosper in a challenging and dynamic market."
For further information please contact:
MTI Wireless Edge http://www.mtiwe.com/
Dov Feiner, CEO +972 3 900 8900
Moni Borovitz, Financial
Director
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Allenby Capital Limited
Nick Naylor
Alex Brearley +44 20 3328 5656
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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
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