MTI Wireless Edge Limited Board Appointment (6070I)

TIDMMWE

RNS Number : 6070I

MTI Wireless Edge Limited

27 November 2018

27 November 2018

MTI Wireless Edge Ltd

("MTI" or the "Company")

Board appointment

MTI Wireless Edge Ltd. (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is today pleased to announce the appointment of Brigadier General (retired) Amnon Sofrin as a non-executive director of the Company.

Brigadier General Sofrin served in the Israel Defense Forces ("IDF") from 1973 to 2003. His last assignment with the IDF was as Chief of the Combat Intelligence Corps, which he established in 2000 and commanded for over three years. After retiring from the IDF, Brigadier General Sofrin was assigned to a senior position within Israel's security apparatus as Head of the Intelligence Directorate of Israel's Secret Service until 2008. Brigadier General Sofrin has a BA in Political Science from Tel Aviv University and a MA in Political Science & Security Studies from Haifa University (1993). Brigadier General Sofrin is on the final stage of writing his Phd thesis at the Hebrew University in Jerusalem. Brigadier General Sofrin is currently the Marketing VP for Africa at Israel Aerospace Industries. Brigadier General Sofrin was a director of M.T.I. Computers & Software Services (1982) Ltd from 30 December 2013 until the completion of its merger with MTI in 2018.

Zvi Borovitz, Chairman of MTI Wireless Edge, commented:

"We are very happy to have Amnon on our board - we believe that his vast knowledge and contacts in the defence industry together with his strategic analysis and view of the markets will be beneficial for the Company".

Pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies the following is disclosed in relation to Brigadier General Sofrin:

Amnon Sofrin (age 63):

 
 Current Directorships and   Directorships and Partnerships 
  Partnerships                held in the 
  Held                        previous 5 years 
 None                        M.T.I. Computers & Software Services 
                              (1982) Ltd 
 

There is no further information required to be disclosed in respect of the above appointment pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.

For further information please contact:

MTI Wireless Edge Ltd [phone]

Dov Feiner, CEO

Moni Borovitz, Financial Director

Allenby Capital Limited (Nomad and Joint Broker) [phone]

Nick Naylor

Alex Brearley

Peterhouse Capital Limited (Joint Broker) [phone]

Lucy Williams

Eran Zucker

About MTI Wireless Edge

Headquartered in Israel, MTI is a multi-faceted Group offering comprehensive technology solutions through four core divisions:

Antennas Division

MTI Wireless Edge 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 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 solutions ensure constant, reliable and accurate water usage, while reducing operational and maintenance costs. Mottech 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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November 27, 2018 03:47 ET (08:47 GMT)