26 September 2024
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 its Antenna division
has received an order from a system house for the manufacture of
military antennas worth a total of approximately US$0.75m, which
are to be delivered within 12 months.
Commenting on the
contract win, Moni Borovitz, CEO, said: "We are seeing more
local system houses outsourcing their antenna manufacturing and we
are very happy to accommodate this demand. This is the second
customer where we have been chosen as the manufacturer for the
customer's existing product. In this case the order is from a new
customer that chose MTI to be the manufacturing partner for these
antennas and we believe that this is the start of a long term
relationship, which has the potential to be extended to other types
of antennas."
For further
information please contact:
MTI Wireless
Edge Ltd
Moni Borovitz, CEO
|
+972 3 900
8900
http://www.mtiwirelessedge.com
|
Allenby
Capital Limited (Nomad and Joint
Broker)
Nick Naylor/Alex Brearley/Piers Shimwell
(Corporate Finance)
Guy McDougall/Amrit Nahal (Sales and Corporate
Broking)
|
+44 20 3328
5656
|
Shore
Capital (Joint Broker)
Toby Gibbs/Rachel Goldstein (Corporate
Advisory)
Fiona Conroy (Corporate Broking)
|
+44 20 7408
4090
|
Novella (Financial
PR)
Tim Robertson/Safia Colebrook
|
+44 20 3151
7008
|
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 174 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 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.