REG - MTI Wireless Edge - CONTRACT WIN FOR MTI WIRELESS EDGE <Origin Href="QuoteRef">MWEE.L</Origin>

MTI Wireless EdgeAnnouncement

09/08/2017 08:30

RNS Number : 4963N
MTI Wireless Edge Limited
09 August 2017
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR)
9 August 2017
MTI Wireless Edge Ltd
("MTI" or the "Company")
CONTRACT WIN FOR MTI WIRELESS EDGE
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, is pleased to announce that it has secured a new contract from an existing customer for the development and manufacturing of an antenna solution for a military application. The contract is worth approximately US$1 million and is expected to be delivered over the next 25 months. 
MTI CEO, Dov Feiner, commented: 'We are delighted with this contract win, which shows again our advanced technology and development capabilities. We believe that this order, from a recurring customer, demonstrates the customer's satisfaction with our service and product, as well as our long-term relationship.'
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 for military applications. Commercial applications include: WiMAX; wireless networking; RFID readers; and broadband wireless access. With over 40 years' experience MTI supplies 100KHz to 90GHz antennas (including directional antennas and omni directional) for outdoor and indoor deployments, including smart antennas for WiMAX, Wi-Fi, public safety, RFID and base stations and terminals.For the 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 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 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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