Contract Wins

RNS Number : 5858Z

MTI Wireless Edge Limited

11 March 2013

 



11 March 2013

MTI Wireless Edge Ltd

("MTI" or the "Company")

US$2M CONTRACT WINS FOR MTI WIRELESS EDGE

MTI Wireless Edge (AIM: MWE), the developer and manufacturer of sophisticated antennas and antenna systems, is pleased to announce that it has secured a major new military contract worth US$1.45m and a number of commercial orders which together total US$2m.  This brings its total order book to US$7.5m - US$6.6m of which is credited to 2013.

MTI CEO, Dov Feiner, commented: 'We are delighted with these orders especially the one from the military sector, which gives us confidence in the long term prospects of this segment, which we are well positioned to fulfil.'

Contacts:

MTI Wireless Edge Dov Feiner, CEO Moni Borovitz, Financial Director	[phone]
Allenby Capital Nick Naylor Alex Price	[phone]
Newgate Threadneedle Graham Herring Alex White Robyn McConnachie	[phone]

About MTI Wireless Edge

MTI is engaged in the development, production and marketing of High Quality, Low Cost, Flat Panel Antennas for Commercial & for Military applications. Commercial applications such as: WiMAX, Wireless Networking, RFID readers &, Broadband Wireless Access. With over 40 years experience, supplying antennas 100KHz to 90GHz including directional antennas and Omni directional for outdoor and indoor deployments including Smart Antennas for WiMAX, Wi-Fi, Public Safety, RFID and for Base Stations and Terminals  - Utility Market. Military applications includes a wide range of broadband, tactical and specialized communications antennas, antenna systems and DF arrays installed on numerous airborne, ground and naval, including submarine, platforms worldwide.

 

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