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MTI Wireless Edge Limited
12 July 2021
Reach non-regulatory announcement
12 July 2021
MTI Wireless Edge Ltd
("MTI" or the "Group")
Government Grant to Develop New Space Antenna
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, MTI's Antenna
Division has been selected to partner with US engineering and
technology firm, Craig Technologies and its subsidiary Sidus Space,
to develop a new range of space antenna as part of a funded
project.
Space Florida entered into an innovative bi-lateral partnership
with the Israel Innovation Authority to support joint aerospace
research & development projects. Known as the Florida Israel
innovation partnership, it requires companies from both countries
to participate in every project that is funded. For this project,
MTI will receive a grant of US$1 2 5,000 to support the development
of the new space antenna.
The project has been established to develop an innovative new
antenna that can be used for space-ground and space-space
applications. MTI expects to customize an existing antenna to the
required satellite communication frequency band and mechanically
redesign this to meet the space environmental requirements. Testing
of the new solution will be performed in subsequent phases using
Craig's on-orbit technology demonstration satellites to demonstrate
Technology Readiness Level 9. This joint effort assumes MTI will be
responsible for the development and manufacturing and Craig
Technologies for the marketing of the new technology to commercial
companies.
Carol Craig, founder and CEO of Craig Technologies (Merritt
Island, Florida) said: "We are naturally delighted to be part of
this project alongside MTI. As a leading small business in
commercial space engineering, our focus is on developing and
launching mission-critical systems and we are looking forward to
bringing our expertise of developing systems capable of functioning
reliably in space together with MTI's undoubted leadership in the
field of antenna communications."
MTI's CEO, Moni Borovitz, commented : "This will be our first
space project and potentially the start of a whole new side to our
business. We are excited and proud to have been selected alongside
such a prestigious partner. Florida is the home of space
development globally and Craig Technologies is a leader in its
field. We look forward to combining our expertise with theirs to
bring to market a truly innovative range of new flat antenna for
use in space."
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 (Corporate Finance)
Amrit Nahal/David Johnson (Sales and Corporate Broking)
Peterhouse Capital Limited (Joint Broker) +44 20 7469 0930
Lucy Williams/ Eran Zucker
Novella (Financial PR) +44 20 3151 7008
Tim Robertson/Fergus Young
About MTI Wireless Edge Ltd. ("MTI")
Headquartered in Israel, MTI is a technology group focused on
comprehensive communication and radio frequency solutions across
multiple sectors through three 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 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.
Water Control & Management Division
Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), MTI
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.
Distribution & Professional Consulting Services Division
Via its subsidiary, MTI Summit Electronics Ltd., MTI offers
consulting, representation and marketing services to foreign
companies in the field of RF and Microwave solutions and
applications including engineering services (including design and
integration) in the field of aerostat systems and the ongoing
operation of Platform subsystems, SIGINT, RADAR, communication and
observation systems which is performed by the Company.
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