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IN BRIEF: MTI Wireless Edge wins USD1.2 million repeat order

Tue, 02nd Apr 2024 10:13

MTI Wireless Edge Ltd - communication and radio frequency technology firm based in Israel - Says that its Antenna division has received a repeat order for the manufacture of military antennas. Says order is worth USD1.2 million, to be delivered within six months.

Commenting on the win, Chief Executive Moni Borovitz says: "We are very pleased to receive this repeat order as it demonstrates the continued demand for our products. We see more opportunities in this specific area of conformal antennas, some for new development projects and some for use in existing products, but all resulting in our technology being used in more applications."

Current stock price: 46.84 pence

12-month change: down 6.3%

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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