MTI Wireless Edge Limited Contract win

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MTI Wireless Edge Limited

14 September 2020

14 September 2020

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 secured a framework order totaling approximately $0.5m for a 5G dual band backhaul solution . Supply under this order is expected to be completed in the next nine months.

Dov Feiner, General Manager of MTI's antenna division commented: "We see this order as a significant step towards the full deployment of 5G backhaul solutions. So far, we have sold thousands of antennas for 5G backhaul but all in smaller quantities and mainly for field testing and early deployments. Whereas this single larger order to be shipped over a relatively short time period is different and indicative of the market moving forward with the adoption of 5G backhaul solutions.

We believe that we are at the early stage of a global upgrade of cellular network infrastructure to 5G. It is widely expected that companies such as Apple and Samsung will launch handsets in 2020 that will include 5G connectivity, and network operators will respond by rolling out higher bandwidth 5G services to their customers. This presents a major opportunity for MTI's dual band antennas as operators will need to increase the backhaul connectivity between cell towers to deliver these faster services."

For further information please contact:

MTI Wireless Edge Ltd

[phone]

Moni Borovitz, CEO http://www.mtiwirelessedge.com

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

Nick Naylor, Alex Brearley (Corporate Finance)

Guy McDougall (Equity Sales)

Peterhouse Capital Limited (Joint Broker) [phone]

Lucy Williams

Eran Zucker

Novella (Financial PR)

[phone]

Tim Robertson

Fergus Young

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 90 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 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.

Water Control & Management Division

Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), MTI 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's solutions ensure constant, reliable and accurate water usage, while reducing operational and maintenance costs. 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.

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September 14, 2020 02:00 ET (06:00 GMT)