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MTI Wireless Edge says Ginat Wave India subsidiary secures order from returning European customer totalling €1.5mln

Ariel Melamed, CEO of Ginat commented: "We have been manufacturing for this customer from the beginning of the year and I am happy that its satisfaction has been demonstrated with this long term order" 

Contract signing
MTI Wireless said the order is for cable harnesses to be supplied over 5 years 

MTI Wireless Edge Ltd (LON:MWE) revealed Wednesday that Ginat Wave India Private Limited, its offset manufacturing company in India, has secured another large scale order, from a returning European customer, totalling €1.5mln.

In a brief statement, the AIM-listed technology group, which is focused on comprehensive communication and radio frequency solutions across multiple sectors, said the order is for cable harnesses to be supplied over 5 years.  

READ: MTI Wireless Edge picks up US$1mln naval antennas contract

Ariel Melamed, CEO of Ginat commented: "We have been manufacturing for this customer from the beginning of the year and I am happy that its satisfaction has been demonstrated with this long term order."

“We look forward to further developing Ginat and becoming a significant manufacturer in the MTI Group as the demand for offset manufacturing in our business space in India is huge", he added. 

Quick facts: MTI Wireless Edge Limited

Price: 36.5 GBX

AIM:MWE
Market: AIM
Market Cap: £32.08 m
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