MTI Wireless Edge Limited
06 February 2007
MTI WIRELESS EDGE LTD
$1 Million Order for Naval Antennas
MTI Wireless Edge Ltd., (ticker: MWE) ('MTI' or 'the Company'), a market leader
in the manufacture of flat panel antennas for fixed wireless broadband, today
announces that it has received an order from an existing client for the
development and manufacture of Naval antennas.
The value of the order is approximately US$1 million over the course of 18
months with most of the work performed in 2007, which represents one of the
largest military orders ever received by the Company.
Dov Feiner, Chief Executive, of MTI commented:
'We are delighted with this additional order for Naval antennas. As well as
providing an important revenue stream for the Company, our involvement with such
clients allows us to stay at the very forefront of antenna technology'.
'As the leader in our field MTI is the only company with the technical expertise
and capability to provide high specification products for military application
as well as industry leading antennas for the commercial, high volume market.'
MTI Wireless Edge +972 3 900 8900
Dov Feiner, CEO
Moni Borovitz, Financial Director
Corporate Synergy Plc +44 20 7448 4400
Luke Ahern
David Seal
Threadneedle Communications +44 207 936 9605
Graham Herring
Josh Royston
About MTI Wireless Edge
MTI designs and manufactures flat panel antennas, largely supplied to
international OEMs of fixed broadband wireless access systems. With over 30
years of technical 'know-how', flexible high volume manufacturing capabilities
and low failure rates, MTI's antennas now comprise approximately 25% of the
global fixed broadband wireless antenna market. In addition, the Company has
successfully developed products for new commercial applications as wireless
systems become increasingly prevalent in new markets.
This information is provided by RNS
The company news service from the London Stock Exchange
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