MTI Wireless Edge - Contract win
RNS Number : 4458S
MTI Wireless Edge Limited
06 November 2019
6 November 2019
MTI Wireless Edge Ltd ("MTI" or the "Group")
Contract win
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 Ginat Wave India Private
Limited ("Ginat"), its offset manufacturing company in India, has secured an
order, from a returning European customer, totaling 1.5m Euro for the
supply of cable harnesses. The order is to be supplied over 5 years.
"This is another large scale order received by Ginat" commented Mr. Ariel
Melamed, CEO of Ginat. "We have been manufacturing for this customer
from the beginning of the year and I am happy that its satisfaction has been
demonstrated with this long term order. We look forward to further
developing Ginat and becoming a significant manufacturer in the MTI Group
as the demand for offset manufacturing in our business space in India is
huge".
For further information please contact:
MTI Wireless Edge Ltd
900 8900
+972 3
Moni Borovitz, CEO
http://www.mtiwirelessedge.com
Allenby Capital Limited (Nomad and Joint Broker)
3328 5656
+44 20
Nick Naylor
Alex Brearley
Peterhouse Capital Limited (Joint Broker)
7469 0930
Lucy Williams
Eran Zucker
+44 20
About MTI Wireless Edge Ltd
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the
Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions
relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com or visit www.rns.com.
END
CNTEAPFKEDKNFEF
Share your feedback
Discover