MTI Wireless Edge Limited

MTI Wireless Edge Ltd's Richard Bennett details investment in Parkland Australia

MTI Wireless Edge Ltd's (LON:MWE) Richard Bennett adds some detail to their recent investment into one of the main resellers of its Mottech Water Solution in Australia.

They've agreed to buy a 50% stake in Parkland Australia for up to AU$0.8mln, paid out of existing cash resources.

Bennett says it's expected to enhance earnings and offer potential to grow both revenue and profit.

Quick facts: MTI Wireless Edge Limited

Price: £0.29

Market: AIM
Market Cap: £26.61 m

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