Result of EGM

RNS Number : 7551W
MTI Wireless Edge Limited
24 November 2010

24 November 2010


MTI Wireless Edge Ltd

("MTI" or the "Company")


Results of EGM


The Board of MTI are pleased to announce that the resolution put to shareholders at the Extraordinary General Meeting held earlier today was passed unanimously.


As a result, the definitive agreements for the purchase of MTI'shead office located at 11 Hamelacha St., Afek Industrial Park, Rosh-Ha'Ayin, 48091, Israel Property and the lease to MTI Computers & Software Services (1982) Ltd. (the "Transactions") will now be executed and completed.


Further details of the Transactions are contained in the announcement made by MTI on 20 October 2010.




For further information please contact:


MTI Wireless Edge

Dov Feiner, CEO

Moni Borovitz, Financial Director

+972 3 900 8900

Allenby Capital Limited

Nick Naylor

Alex Price


+44 203 328 5656


Threadneedle Communications

Graham Herring

Josh Royston

+44 207 653 9850


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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