MTI Wireless Edge Limited CONTRACT WIN FOR MTI WIRELESS EDGE (4963N)

TIDMMWE

RNS Number : 4963N

MTI Wireless Edge Limited

09 August 2017

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR)

9 August 2017

MTI Wireless Edge Ltd

("MTI" or the "Company")

CONTRACT WIN FOR MTI WIRELESS EDGE

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, is pleased to announce that it has secured a new contract from an existing customer for the development and manufacturing of an antenna solution for a military application. The contract is worth approximately US$1 million and is expected to be delivered over the next 25 months.

MTI CEO, Dov Feiner, commented: 'We are delighted with this contract win, which shows again our advanced technology and development capabilities. We believe that this order, from a recurring customer, demonstrates the customer's satisfaction with our service and product, as well as our long-term relationship.'

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 for military applications. Commercial applications include: WiMAX; wireless networking; RFID readers; and broadband wireless access. With over 40 years' experience MTI supplies 100KHz to 90GHz antennas (including directional antennas and omni directional) for outdoor and indoor deployments, including smart antennas for WiMAX, Wi-Fi, public safety, RFID and base stations and terminals. For the 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 ("Mottech"), MTI is also a leading provider of remote control solutions for water and irrigation applications based on Motorola 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 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

CNTUKABRBAAWRRR

(END) Dow Jones Newswires

August 09, 2017 03:30 ET (07:30 GMT)