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MTI Wireless EdgeAnnouncement

07/09/2017 07:09

RNS Number : 0380Q
MTI Wireless Edge Limited
07 September 2017
07 September 2017
MTI Wireless Edge Ltd
("MTI" or the "Company")
Product representation and distribution agreement
MTI Wireless Edge Ltd (AIM: MWE), a market leader in the manufacture of flat panel antennas for fixed wireless broadband and a wireless irrigation solutions provider, announces that its wholly owned subsidiary, Mottech Water Solutions Ltd ("Mottech"), a leader inremote control solutions for water and irrigation applications and the global prime distributor of Motorola for the IRRInet remote control solution, has entered into a product representation and distribution agreement withBermad Italy s.r.l ("BIT") for the distribution of its solutions in Italy and Morocco. Bermad is a best-in-class manufacture, sales and marketing organization that is deeply involved in the agriculture and water distribution valves markets with 800 employees, 12 subsidiaries and a global presence in 132 countries. BIT will be Mottech's exclusive representative in the agriculture and water distribution markets in Italy and for the entire market in Morocco.
"Everyone at BIT is very excited about bringing on Mottech's product line" saidLuis Zelman, General Manager of Bermad Europe. "Mottech IRRinet is a best-in-class solution for wireless control solutions for water and irrigation applications with a proven track record and a superior product. It makes a great addition to our offering, providing our customers with even more solutions." added Michele Suzzi, country manager of BIT.
"We are pleased to bring on a high quality organization like Bermad to extend the reach of Mottech's salesforce" said Dov Feiner, Chief Executive Officer of MTI. "Beyond the obvious increase in revenues, this agreement represents a strategic move, helping us further develop the Italian market and introducing a new territory, Morocco, in which we do not currently work and is a first entry into the North African market" added Dov Feiner.
For further information please contact:
MTI Wireless Edge Ltd
Dov Feiner, CEO
Moni Borovitz, Financial Director
http://www.mtiwe.com/
+972 3 900 8900
Nomad and Joint Broker
Allenby Capital Limited
Nick Naylor
Alex Brearley
+44 20 3328 5656
Joint Broker
Peterhouse Corporate Finance Limited
Lucy Williams
Eran Zucker
+44 20 7469 0930
About MTI Wireless Edge
MTI is engaged in the development, production and marketing of high quality low cost, flat panel antennas for commercial and military applications. Commercial applications include: WiMAX, Wireless Networking, RFID readers &, Broadband Wireless Access. With over 40 years' experience of 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, 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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