logo-loader
viewMTI Wireless Edge Limited

MTI Wireless secures US$1mln military antenna contract with European customer

MTI's antenna division manager, Dov Feiner, said the firm had seen strong continued interest in its antenna portfolio

MTI Wireless Edge Limited - MTI Wireless secures US$1mln military antenna contract with European customer

MTI Wireless Edge Ltd (LON:MWE) has won a US$1mln contract to supply military antennas to an unnamed European customer over the next 15 months.

The general manager of the group’s antenna division, Dov Feiner, said the radio and communications firm continued to see “strong sales interest” in its portfolio of antenna products.

READ: MTI Wireless secures US$1mln order from Israeli customer

Feiner added that MTI was continuing to invest in the commercialisation of 5G backhaul solutions, which are expected to drive sales growth as mobile phone operators rolled out their own 5G networks globally.

Backhaul solutions are parts of a telecoms network, such as cell towers, that allow mobile phones to connect to the internet.

In early trading on Monday, MTI’s shares were 2.3% higher at 30.7p.

Quick facts: MTI Wireless Edge Limited

Price: 34.45002 GBX

AIM:MWE
Market: AIM
Market Cap: £30.12 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of MTI Wireless Edge Limited named herein, including the promotion by the Company of MTI Wireless Edge Limited in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: Thomas Cook enters compulsory liquidation

Headlines from the Proactive UK newsroom. Thomas Cook (LON:TCG) has entered compulsory liquidation sparking the largest repatriation of British holiday makers.  The tour operator collapsed when last ditch-talks over emergency funding failed. MTI Wireless Edge (LON:MWE) has picked up a...

on 23/9/19

2 min read