Further increase to Ministry of Defence contract
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Dissemination of a Regulatory Announcement that contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.
3 November 2026
MTI Wireless Edge Ltd
("MTI" or the "Group")
Further increase to Ministry of Defence contract
Notice of Q3 Results
MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce that the Israeli Ministry of Defence (the “Israeli MoD”) has further increased the value of its contract with P.S.K. Wind Technologies Limited (“PSK”), a subsidiary of the Group, for the supply of communications infrastructure to a total value of US$8.5m.
The contract was first announced on 7 April 2026 and was worth US$2.2m at that time. An increase in the value of the contract to approximately US$4.5m was announced on 8 June 2026. Today’s increase takes the contract’s value to almost four times the original award. The expanded contract is expected to be completed in 2027.
MTI's CEO, Moni Borovitz, commented:
“It is encouraging that, within a relatively short period, the Israeli MoD has shown the confidence in our capabilities to increase this contract almost fourfold. The contract is on a cost-plus basis. While this carries a lower margin than some of the Group’s other contracts, it is lower risk for PSK to deliver and provides strong long-term revenue visibility.
“Reflecting the focus of governments globally on defence, we continue to see a growing number of opportunities in this sector, with good demand across our full range of defence-related products.
“Overall, the Group remains very well positioned, with a healthy order backlog and pipeline of potential orders across all three divisions.”
Notice of results
MTI will announce its results for the nine months ended 30 September 2026 on 9 November 2026.
Investor questions on this announcement
Ask questions of the management team directly, view what other shareholders have asked, watch past investor webinars and access further information on the business through our interactive investorhub here: - https://investors.mtiwirelessedge.com/link/exdXje
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For further information please contact:
|
MTI Wireless Edge Ltd Moni Borovitz, CEO |
+972 3 900 8900 https://investors.mtiwirelessedge.com/ |
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Allenby Capital Limited (Nomad and Joint Broker) Nick Naylor / Alex Brearley / David Asquith (Corporate Finance) Tony Quirke / Amrit Nahal (Sales and Corporate Broking) |
+44 20 3328 5656 |
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Turner Pope Investments (Joint Broker) Andy Thacker/ Guy McDougall (Corporate Broking/Sales) |
+44 20 3657 0050 |
|
Novella (Financial PR) Tim Robertson / Oliver Norton |
+44 20 3151 7008 |
About MTI Wireless Edge Ltd. ("MTI")
Headquartered in Israel, MTI is a technology group focused on comprehensive communication and radio frequency solutions across multiple sectors through three core divisions:
Antenna division
MTI is a world leader in the design, development and production of high quality, state-of-the-art, and cost-effective antenna solutions including Smart Antennas, MIMO Antennas and Dual Polarity Antennas for wireless applications. MTI supplies antennas for both military and commercial markets from 100 KHz to 174 GHz.
Internationally recognized as a producer of commercial off-the-shelf and custom-developed antenna solutions in a broad frequency range, MTI addresses both commercial and military applications.
MTI supplies directional and omnidirectional antennas for outdoor and indoor deployments, including smart antennas for 5G backhaul, Broadband access, public safety, RFID, base station and terminals for the utility market.
Military applications include a wide range of broadband, tactical and specialized communication antennas, antenna systems and DF arrays installed on numerous airborne, ground and naval, including submarine, platforms worldwide.
Water Control & Management division
Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), MTI provides high-end remote control and monitoring solutions for water and irrigation applications based on Motorola's IRRInet state-of-the-art control, monitoring and communication technologies.
As Motorola's global prime-distributor, Mottech serves its customers worldwide through its international subsidiaries and a global network of local distributors and representatives. With over 25 years of experience in providing customers with irrigation remote control and management, Mottech's solutions ensure constant, reliable and accurate water usage, improve crop quality and yield while reducing operational and maintenance costs providing fast ROI while helping sustain the environment. Mottech's activities are focused in the market segments of agriculture, water distribution, municipal and commercial landscape as well as wastewater and storm-water reuse.
Distribution & Professional Consulting Services division
Via its subsidiary, MTI Summit Electronics Ltd., MTI offers consulting, representation and marketing services to foreign companies in the field of RF and Microwave solutions and applications including engineering services (including design and integration) in the field of aerostat systems and the ongoing operation of Platform subsystems, SIGINT, RADAR, communication and observation systems which is performed by the Company. It also specializes in the development, manufacture and integration of communication systems and advanced monitoring and control systems for the Government and defence industry market.
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