MTI Wireless (LON:MWE)

MTI Wireless (LON:MWE)


Share Price
23.50 p
Change
1.3 (5.86 %)
Market Cap
£20.33 m
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MTI Wireless RNS Release

Contract Win


RNS Number : 8671P
MTI Wireless Edge Limited
13 February 2019
 

 

13 February 2019

 

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 Ginat Wave India Private Limited ("Ginat"), its offset manufacturing company in India, has secured two orders, from two different customers, totaling 900,000 USD for the supply of antenna and cable harness. 50% of the orders will be supplied in 2019 and the reminder in 2020 and 2021.  

"These are the first large scale orders received by Ginat commented Mr. Ariel Melamed, CEO of Ginat. We have provided bids for few other projects and hopefully Ginat will become a significant manufacturer in the MTI Group as the demand for offset manufacturing in our business space in India is huge".  

For further information please contact:

 

MTI Wireless Edge Ltd                                                                                            +972 3 900 8900

Dov Feiner, CEO                                                                                                        http://www.mtiwe.com/

Moni Borovitz, Financial Director

 

Allenby Capital Limited (Nomad and Joint Broker)                                           +44 20 3328 5656

Nick Naylor

Alex Brearley

 

Peterhouse Corporate Finance Limited (Joint Broker)                                    +44 20 7469 0930

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. 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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