MTI Wireless Edge Limited Product representation and distribution agreement

TIDMMWE

MTI Wireless Edge Limited

07 September 2017

07 September 2017

MTI Wireless Edge Ltd

("MTI" or the "Company")

Product representation and distribution agreement

MTI Wireless Edge Ltd (AIM: MWE), a market leader in the manufacture of flat panel antennas for fixed wireless broadband and a wireless irrigation solutions provider, announces that its wholly owned subsidiary, Mottech Water Solutions Ltd ("Mottech"), a leader in remote control solutions for water and irrigation applications and the global prime distributor of Motorola for the IRRInet remote control solution, has entered into a product representation and distribution agreement with Bermad Italy s.r.l ("BIT") for the distribution of its solutions in Italy and Morocco. Bermad is a best-in-class manufacture, sales and marketing organization that is deeply involved in the agriculture and water distribution valves markets with 800 employees, 12 subsidiaries and a global presence in 132 countries. BIT will be Mottech's exclusive representative in the agriculture and water distribution markets in Italy and for the entire market in Morocco.

"Everyone at BIT is very excited about bringing on Mottech's product line" said Luis Zelman, General Manager of Bermad Europe. "Mottech IRRinet is a best-in-class solution for wireless control solutions for water and irrigation applications with a proven track record and a superior product. It makes a great addition to our offering, providing our customers with even more solutions." added Michele Suzzi, country manager of BIT.

"We are pleased to bring on a high quality organization like Bermad to extend the reach of Mottech's salesforce" said Dov Feiner, Chief Executive Officer of MTI. "Beyond the obvious increase in revenues, this agreement represents a strategic move, helping us further develop the Italian market and introducing a new territory, Morocco, in which we do not currently work and is a first entry into the North African market" added Dov Feiner.

For further information please contact:

 
 MTI Wireless Edge Ltd                    http://www.mtiwe.com/ 
  Dov Feiner, CEO                          [phone] 
  Moni Borovitz, Financial Director 
 Nomad and Joint Broker 
  Allenby Capital Limited 
  Nick Naylor 
  Alex Brearley                           [phone] 
 Joint Broker 
  Peterhouse Corporate Finance Limited 
  Lucy Williams 
  Eran Zucker                             [phone] 
 

About MTI Wireless Edge

MTI is engaged in the development, production and marketing of high quality low cost, flat panel antennas for commercial and military applications. Commercial applications include: WiMAX, Wireless Networking, RFID readers &, Broadband Wireless Access. With over 40 years' experience of 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, 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

END

NRABLGDCDXGBGRL

(END) Dow Jones Newswires

September 07, 2017 02:01 ET (06:01 GMT)