REG - MTI Wireless Edge - Significant Contract Win and Notice of Results

MTI Wireless EdgeAnnouncement

12/02/2025 07:00

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RNS Number : 7475W  MTI Wireless Edge Limited  12 February 2025

 

12 February 2025

 

 

MTI Wireless Edge Ltd

("MTI" or the "Group")

 

Significant Repeat Contract Win

 

Notice of Results

 

 

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 a
significant repeat order from a system house in Israel for the manufacture of
military antennas worth a total of approximately US$4m, which are expected to
be delivered up until 30 June 2026.

The Company will announce its financial results for the year ended 31 December
2024 on Monday, 17 March 2025.

Commenting on the repeat order, Moni Borovitz, CEO, said: "We are thrilled
with this repeat manufacturing order as it is one of the largest orders we
have ever received and demonstrates our ability to deliver high-quality
services and innovative solutions to meet our clients' needs.  The order
entails the supply of state-of-the-art antennas and is integral to an end use
which is considered to be one of the most advanced systems of its kind in the
world. The antennas are designed to deliver unmatched accuracy and robust
communication, leveraging our sophisticated and complex production technology.
This win and others like it, add to our growing reputation for providing
highly innovative antenna solutions and we look forward to continuing to work
closely with defence companies from around the world."

For further information please contact:

 MTI Wireless Edge Ltd                                          +972 3 900 8900

 Moni Borovitz, CEO                                             http://www.mtiwirelessedge.com
                                                                (https://url.avanan.click/v2/___http:/www.mtiwirelessedge.com___.YXAxZTpzaG9yZWNhcDphOm86NTA2ODhlYzU1NzE3NDg0YWIzZWExMDljN2E2YzQ4OGI6NjpiY2U0OjY0MDM5MmE2YTliMzA5MjU1YWJkOGUzMGQwZGExNDU5NjYxOWYwNGY3YzYxMTY2NGRkODU2YzQxMzhkZTc4MTY6cDpUOk4)

 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 (Corporate Advisory)

 Fiona Conroy (Corporate Broking)

 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 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 174 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 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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