IN BRIEF: MTI Wireless celebrates USD1.5 million contract extension

MTI Wireless Edge Ltd - Israel-based communication and radio frequency technology company - On Thursday, hails "significant" three-year contract extension by its subsidiary Mottech Water Solutions Ltd, with one of the largest municipalities in Israel. The contract is worth about USD1.5 million over the period. MTI Chief Executive Officer Moni Borovitz says: "This is another good example of the quality of service we provide for our customers over the long-term and their satisfaction with our services. As we have said before, all new service agreements include price increases and of course add to our recurring revenue streams."

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By Tom Budszus, Alliance News slot editor

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