REG - MTI Wireless Edge - 5G Contract Wins

MTI Wireless EdgeAnnouncement

27/09/2023 07:00

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RNS Number : 7403N  MTI Wireless Edge Limited  27 September 2023

27 September 2023

 

 

MTI Wireless Edge Ltd

("MTI" or the "Group")

 

5G Contract Wins

 

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 its Antenna division has received orders
from the Indian divisions of two large Original Equipment Manufacturers worth
approximately US$0.6 million for its 5G backhaul antenna solution, to be
delivered by the end of this year. The orders have been placed by existing
customers.

Commenting on the orders, Dov Feiner, GM of the Antenna division, said: "India
is going to be our most significant initial market for 5G backhaul solutions,
so we are particularly pleased to win these orders. This is also because our
solution has been chosen to replace antennas of a competitor that failed to
meet the end customers' requirements, reflecting our technological edge in the
5G backhaul solution market. This is therefore a new and potentially
significant opportunity to demonstrate the strength of our solutions and
capture a larger market share of the Indian 5G backhaul market.

"We are also seeing demand for 5G backhaul solutions from other territories
where we see good potential based on our belief that we currently offer the
most comprehensive solutions in this market, including flat antennas, single
band, dual band and automatic beam steering antennas. Alongside this, we have
close working relationships with the leading Original Equipment Manufacturers
which are key to becoming established in each market."

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)

Guy McDougall/Amrit Nahal (Sales and Corporate Broking)

Shore Capital (Joint
Broker)
                                +44 20 7408
4090

Toby Gibbs/Rachel Goldstein

Novella (Financial PR)
 
+44 20 3151 7008

Tim Robertson/ Safia Colebrook

 

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 internationally recognized as a producer of commercial off-the-Shelf
and custom-developed antenna solutions in a broad frequency range of HF to 170
GHz for commercial, RFID and military applications. MTI continuously invests
in ground breaking technologies, explores new frequencies, and devises
innovative solutions which empower our wireless communication customers with
cutting-edge off-the-shelf and custom-made antennas.

We are at the forefront of technology and innovation, being the first to
introduce Dual Band parabolic antennas, E Band Automatic Beam Steering
antennas, E Band FCC compliant flat antennas, and more.

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, increase crops
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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