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MTI Wireless Edge Ltd - Rosh-Ha'Ayin, Israel-based communication and radio frequency technology company - Says its Antenna division has received orders from the Indian divisions of "two large original equipment manufacturers." Says the contracts are worth about USD600,000 for its 5G backhaul antenna solution, to be delivered by the end of this year. The orders have been placed by existing customers.
Dov Feiner, general manager 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."
Current stock price: 44.70 pence, up 1.6% on Wednesday midday
12-month change: down 9.7%
By Sophie Rose, Alliance News reporter
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