Contract win

RNS Number : 8546W
MTI Wireless Edge Limited
06 January 2014

MTI Wireless Edge Ltd

("MTI" or the "Company")

Contract win

$1.0 million order for the Company's Commercial Division

MTI Wireless Edge (AIM: MWE), the developer and manufacturer of sophisticated antennas and antenna systems, is pleased to announce that it has received a US$1.0 million order from a major customer of its Commercial Division.  The order is for delivery in 2014. 

The Company is also pleased to announce that its revenues for the year ended 31 December 2013 will be slightly ahead of market expectations.

Dov Feiner, MTI's Chief Executive, commented: 'We continue to make good progress on all fronts and our order pipeline for 2014 - and into 2015 - is looking strong. The outlook for the Group remains positive and it is very exciting to be delivering revenues for 2013 which are slightly ahead of expectations.'

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MTI Wireless Edge                                                                                          +972 3 900 8900

Dov Feiner, CEO

Moni Borovitz, Financial Director            

Allenby Capital Limited (Nominated adviser and broker)             +44 203 328 5656

Nick Naylor

Alex Price          

Newgate Threadneedle               (Financial PR)                                    +44 207 653 9850

Graham Herring

Robyn McConnachie

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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