MTI Wireless Edge Limited Contract Win (3957U)
29 March 2019 - 6:00PM
UK Regulatory
TIDMMWE
RNS Number : 3957U
MTI Wireless Edge Limited
29 March 2019
29 March 2019
MTI Wireless Edge Ltd ("MTI" or the "Group")
Contract Win
MTI Wireless Edge Ltd (AIM: MWE), the technology group focused
on comprehensive communication and radio frequency solutions across
multiple sectors, is pleased to announce that it has secured a new
contract, worth approximately US $1 million, for the development
and manufacturing of military antennas. This order is from an
existing customer for antennas developed serval years ago which are
being customized for a new project.
MTI's CEO, Moni Borovitz, commented: "We are delighted with this
additional contract win, which demonstrates this customer's
satisfaction with our products, technology and service. We continue
to see expansion and growth opportunities in all sectors of the
antenna industry, particularly in the 80 GHz spectrum as mobile
operators start to plan their implantation of 5G".
For further information please contact:
MTI Wireless Edge Ltd +972 3 900 8900
Moni Borovitz, CEO
http://www.mtiwirelessedge.com
Allenby Capital Limited (Nomad and Joint Broker) +44 20 3328
5656
Nick Naylor
Alex Brearley
Peterhouse Corporate Finance Limited (Joint Broker) +44 20 7469
0930
Lucy Williams
Eran Zucker
About MTI Wireless Edge ("MTI" or the "Company")
Headquartered in Israel, MTI is a technology group focused on
comprehensive communication and radio frequency solutions across
multiple sectors through four core divisions:
Antenna Division
MTI is a world leader in the design, development and production
of high quality, state-of-the-art, and cost effective antenna
solutions including Smart Antennas, MIMO Antennas and Dual Polarity
Antennas for wireless applications. MTI supplies antennas for both
military and commercial markets from 100 KHz to 90 GHz.
Internationally recognized as a producer of commercial
off-the-Shelf and custom-developed antenna solutions in a broad
frequency range, MTI Wireless Edge addresses both commercial and
military applications.
MTI supplies directional and omnidirectional antennas for
outdoor and indoor deployments, including smart antennas for WiMAX,
Broadband access, public safety, RFID, base stations and terminals
for the utility market.
Military applications include a wide range of broadband,
tactical and specialized communication antennas, antenna systems
and DF arrays installed on numerous airborne, ground and naval,
including submarine, platforms worldwide.
Aerostat Operation Division
Via its system engineering division, the Group offers the design
and integration of aerostat operation systems, along with the
ongoing operation of Platform subsystems, SIGINT, RADAR,
communication and observation systems.
Water Control & Management Division
Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), the
Group provides high-end remote control solutions for water and
irrigation applications based on Motorola's IRRInet
state-of-the-art control, monitoring and communication
technologies.
As Motorola's global prime-distributor Mottech serves its
customers worldwide through its international subsidiaries and a
global network of local distributors and representatives. With over
25 years of experience in providing customers with irrigation
remote control and management, Mottech's solutions ensure constant,
reliable and accurate water usage, while reducing operational and
maintenance costs. Mottech's activities are focused in the market
segments of agriculture, water distribution, municipal and
commercial landscape as well as wastewater and storm-water
reuse.
RF and Microwave Representative and Consultation Division
Via its subsidiary, MTI Summit Electronics Ltd., the group
offers representative and expert consultation services specializing
in RF and Microwave solutions and applications. It provides its
services to international electronics suppliers operating in
Israel, Eastern Europe, and Russia.
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contact rns@lseg.com or visit www.rns.com.
END
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