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MTI Wireless Edge wins significant first irrigation software contract in Mozambique

Richard Bennett, director at MTI Wireless Edge Ltd (LON:MWE), tells Proactive's Andrew Scott that Mottech Water Solutions Ltd, has secured a contract for its wireless irrigation software in Mozambique, its first in the country.

Mottech develops software and systems that help farmers remotely irrigate and fertilise crops, allowing farmers to use resources with greater precision when farming.

Quick facts: MTI Wireless Edge Limited

Price: 39.6 GBX

AIM:MWE
Market: AIM
Market Cap: £34.8 m
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MTI Wireless Edge seeing 'continued significant revenue growth and...

MTI Wireless Edge Ltd's (LON:MWE) Richard Bennett discusses with Proactive London's Andrew Scott the group's results for the nine months to the end of September. Revenues increased by 12% in the period to $29mln while operating profit increased 33% to $2.5mln.

on 25/11/19

2 min read