RCS - MTI Wireless Edge - Taking Precision Irrigation to a New Level

MTI Wireless EdgeAnnouncement

24/01/2022 07:05

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RNS Number : 2787Z  MTI Wireless Edge Limited  24 January 2022

Reach non-regulatory announcement

24 January 2022

MTI Wireless Edge Ltd

("MTI" or the "Group")

 

Taking Precision Irrigation to a New Level

 

MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on
comprehensive communication and radio frequency solutions across multiple
sectors, is pleased to announce a new strategic partnership with Viridix, a
company which specializes in actionable data analytics for irrigation, based
on the RooTense® sensor that measures the water available to the roots of
crops.  The strategic partnership will bring together the Group's expertise
in automated irrigation and Viridix's data analytics.

Through its subsidiary Mottech Water Solutions Ltd ("Mottech"), MTI provides
high-end remote-control solutions for water management and irrigation
applications.

Under the partnership, Mottech and Viridix will co-develop a complete
solution, integrating Viridix's Auto-Pilot system into Mottech's ICC PRO
real-time irrigation monitoring, control and reporting software, so that for
the first time, Mottech's customers will be able to monitor crop root activity
and implement an irrigation protocol across their farms in real time, on a
field by field basis, adjusting irrigation levels accordingly. The system,
using artificial intelligence, can also recommend the exact adjustment
required to irrigate individual crops. On average, the technology results in
savings of over 30% in water usage while also significantly improving crop
quality and yield. This commercial solution therefore aims to achieve the rare
environmental objective of producing more with less.

Viridix's RooTense® technology has been operating for several years and is
already used by some of Mottech's customers and this has been key to the
decision to integrate the two systems. The integration into Mottech's ICC PRO
management software should be completed in early Q2 of 2022 and commercial
sales will commence thereafter. Mottech will be the exclusive distributor in
South Africa and Australia, where it currently has hundreds of existing
agricultural customers, and will promote the integrated solution in other
territories as well. The cost to the farmer versus the savings made on water
usage are very attractive and Mottech expects demand to be high, generating
income from set-up costs and recurring income from annual licenses.

MTI's CEO, Moni Borovitz, commented: "We know the Viridix team and their
technology well. Some farmers use their technology on a standalone basis and
then apply the findings to irrigate their fields. By integrating the two
products, our customers can easily control water usage in real time on the
same system, and we believe that this can be transformational for individual
farms, creating significant financial savings and, as importantly, substantial
reductions in water usage each year."

Viridix's CEO, Guri Oron, said: "We are delighted to join forces with
Mottech, a leading irrigation solution provider, and we see this as another
testament to Viridix's sensing and analytics competency. Mottech's cutting
edge irrigation management system combined with Viridix's proprietary
technology, will equip growers with a complete solution for their irrigation
needs, enabling them to enhance efficiency and yield. We are confident that
together we will achieve better sustainability for growers globally."

 

For further information please contact:

 MTI Wireless Edge Ltd                                         +972 3 900 8900
 Moni Borovitz, CEO                                            http://www.mtiwirelessedge.com (http://www.mtiwirelessedge.com)

 Allenby Capital Limited (Nomad and Joint Broker)              +44 20 3328 5656
 Nick Naylor/Alex Brearley/Piers Shimwell (Corporate Finance)
 Amrit Nahal/David Johnson (Sales and Corporate Broking)

 Peterhouse Capital Limited (Joint Broker)                     +44 20 7469 0930
 Lucy Williams/ Eran Zucker

 Novella (Financial PR)
 Tim Robertson/Fergus Young                                    +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 90 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 WiMAX, Broadband access, public
safety, RFID, base stations 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 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, while reducing
operational and maintenance costs. 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.

About Viridix

Viridix empowers farmers by taking uncertainty out of irrigation decisions. By
combining accurate and timely water potential data with additional information
such as weather, irrigation protocols and soil characteristics, Viridix
simplifies and automates one of the most important operations in farming.
Precise irrigation helps farmers optimize productivity, reduce resource
consumption and improve sustainability.

The Viridix solution is based on revolutionary RooTense® technology that is
cost effective, requires no maintenance and is extremely easy to use. This
advanced IoT-based solution leverages AI and machine learning to deliver
precision irrigation, taking it to the next level with full-irrigation-cycle
automation.

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