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MTI Wireless enjoying healthy growth as it bags two lucrative new contracts

MTI Wireless Edge Ltd's (LON:MWE) Richard Bennett caught up with Proactive London to update on two recently won new contracts.

Its wireless irrigation control solutions subsidiary, Mottech Water Solutions Ltd, has signed an agreement valued at more than US$3mln for the provision of solutions in the Chinese market, the largest individual order ever received by the group.

Separately, MTI will also deploy a tethered balloon system as part of a US$1.4mln deal for installation and integration support services.

Quick facts: MTI Wireless Edge Limited

Price: 33.35 GBX

AIM:MWE
Market: AIM
Market Cap: £29.31 m
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