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MTI Wireless EdgeAnnouncement

30/11/2016 10:50

RNS Number : 5543Q
MTI Wireless Edge Limited
30 November 2016
November 30, 2016
MTI Wireless Edge Ltd
("MTI" or the "Company")
MTI included in Deloitte 2016 Technology Fast 50 Israel
MTI Wireless Edge Ltd (AIM: MWE), the developer and manufacturer of sophisticated antennas and antenna systems and wireless irrigation solution provider, is pleased to announce that MTI has been included in the Deloitte 2016 Technology Fast 50 Israel rankings. The Deloitte Technology Fast 50 program recognises the 50 fastest growing technology companies in Israel, private or public, based on their percentage revenue growth over 2012 to 2015.
The Board of MTI believes that the revenue increase from Mottech has played a significant role in propelling MTI into Deloitte's Top 50 fastest growing technology index in Israel. The Board further believes that the 2015 acquisition of Mottech has provided a platform for the Company to diversify from manufacturing into services, with recurring revenues and the potential for continued growth.
"Making it on the Technology fast 50 shows a deep understanding of the market." said Shally Tshuva Technology, Media & Telecommunications Industry Leader at Deloitte Israel. "Presenting such growth rates shows that MTI holds the agility needed to prosper in a challenging and dynamic market."
For further information please contact:
MTI Wireless Edge
Dov Feiner, CEO
Moni Borovitz, Financial Director
http://www.mtiwe.com/
+972 3 900 8900
Allenby Capital Limited
Nick Naylor
Alex Brearley
+44 20 3328 5656
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 include 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.
Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), MTI is also a leading provider of remote control solutions for water and irrigation applications based on Motorola's IRRInet state of the art control, monitoring and communication technologies. Mottech, headquartered in Israel, is the global prime distributor of Motorola for the IRRInet remote control solutions serving its customers worldwide through its subsidiaries and a global network of local distributers and representatives.It utilizes over 25 years of experience in providing its customers with remote control and management systems which ensure constant, reliable and accurate water usage, while reducing operational costs and maintenance costly expenses. Mottech's activities are focused in the market segments of agriculture, water distribution, Municipal and Commercial Landscape and Wastewater and Storm water Reuse.

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