LONDON (Alliance News) - MTI Wireless Edge Ltd said Wednesday its manufacturing company in India has secured two orders worth USD900,000.
Ginat Wave India Private Ltd signed the orders, from two different customers, to supply antenna and cable harnesses. The first half of the order will be supplied in 2019 with the remainder in 2020 and 2021.
"These are the first large scale orders received by Ginat," said Ariel Melamed, chief executive of Ginat.
"We have provided bids for few other projects and hopefully Ginat will become a significant manufacturer in the MTI Group as the demand for offset manufacturing in our business space in India is huge."
Shares in MTI Wireless were up 0.5% Wednesday at 19.60 pence each.
Mti Wireless (MWE)