TIDMMWE
RNS Number : 7403N
MTI Wireless Edge Limited
27 September 2023
27 September 2023
MTI Wireless Edge Ltd
("MTI" or the "Group")
5G Contract Wins
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 its Antenna division
has received orders from the Indian divisions of two large Original
Equipment Manufacturers worth approximately US$0.6 million for its
5G backhaul antenna solution, to be delivered by the end of this
year. The orders have been placed by existing customers.
Commenting on the orders, Dov Feiner, GM of the Antenna
division, said : " India is going to be our most significant
initial market for 5G backhaul solutions, so we are particularly
pleased to win these orders. This is also because our solution has
been chosen to replace antennas of a competitor that failed to meet
the end customers' requirements, reflecting our technological edge
in the 5G backhaul solution market. This is therefore a new and
potentially significant opportunity to demonstrate the strength of
our solutions and capture a larger market share of the Indian 5G
backhaul market.
"We are also seeing demand for 5G backhaul solutions from other
territories where we see good potential based on our belief that we
currently offer the most comprehensive solutions in this market,
including flat antennas, single band, dual band and automatic beam
steering antennas. Alongside this, we have close working
relationships with the leading Original Equipment Manufacturers
which are key to becoming established in each market."
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/Piers Shimwell (Corporate Finance)
Guy McDougall/Amrit Nahal (Sales and Corporate Broking)
Shore Capital (Joint Broker) +44 20 7408 4090
Toby Gibbs/Rachel Goldstein
Novella (Financial PR) +44 20 3151 7008
Tim Robertson/ Safia Colebrook
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 internationally recognized as a producer of commercial
off-the-Shelf and custom-developed antenna solutions in a broad
frequency range of HF to 170 GHz for commercial, RFID and military
applications. MTI continuously invests in ground breaking
technologies, explores new frequencies, and devises innovative
solutions which empower our wireless communication customers with
cutting-edge off-the-shelf and custom-made antennas.
We are at the forefront of technology and innovation, being the
first to introduce Dual Band parabolic antennas, E Band Automatic
Beam Steering antennas, E Band FCC compliant flat antennas, and
more.
MTI supplies directional and omnidirectional antennas for
outdoor and indoor deployments, including smart antennas for 5G
backhaul, Broadband access, public safety, RFID, base station 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 and monitoring 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, increase crops quality and yield
while reducing operational and maintenance costs providing fast ROI
while helping sustain the environment. 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. It also
specializes in the development, manufacture and integration of
communication systems and advanced monitoring and control systems
for the Government and defence industry market.
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