MTI Wireless Edge Limited Contract win
September 14 2020 - 2:00AM
RNS Non-Regulatory
TIDMMWE
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
+972 3 900 8900
Moni Borovitz, CEO http://www.mtiwirelessedge.com
Allenby Capital Limited (Nomad and Joint Broker) +44 20 3328
5656
Nick Naylor, Alex Brearley (Corporate Finance)
Guy McDougall (Equity Sales)
Peterhouse Capital Limited (Joint Broker) +44 20 7469 0930
Lucy Williams
Eran Zucker
Novella (Financial PR)
+44 20 3151 7008
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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END
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