MTI Wireless Edge Limited CONTRACT WIN FOR MTI WIRELESS EDGE (7788Y)

TIDMMWE

RNS Number : 7788Y

MTI Wireless Edge Limited

07 March 2017

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

7 March 2017

MTI Wireless Edge Ltd

("MTI" or the "Company")

CONTRACT WIN FOR MTI WIRELESS EDGE

MTI Wireless Edge Ltd (AIM: MWE), the developer and manufacturer of sophisticated antennas and antenna systems and provider of wireless irrigation solutions, is pleased to announce that it has secured a new contract worth US$0.6 million from an existing European customer in the military sector. This contract represents an additional element to the contract announced on 14 June 2016 and will be delivered until mid 2018.

MTI CEO, Dov Feiner, commented: 'We are delighted with this order win which extends our relationship with this customer and we believe that this will generate more opportunities in the future.'

For further information please contact:

 
 MTI Wireless Edge Dov          http://www.mtiwe.com/ +972 3 900 8900 
  Feiner, CEO Moni Borovitz, 
  Financial Director 
-----------------------------  -------------------------------------- 
 Allenby Capital Limited 
  Nick Naylor Alex Brearley                          +44 20 3328 5656 
-----------------------------  --------------------------------------

About MTI Wireless Edge

MTI is engaged in the development, production and marketing of High Quality, Low Cost, Flat Panel Antennas for Commercial & for Military applications. Commercial applications such as: 5G and small cell backhaul, Broadband Wireless Access and RFID. With over 40 years' experience, 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 ("Mottech"), 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

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