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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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