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77.00    1.60 (2.12%)
Bid:
75.00
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Spread: 4.00 (5.333%)
Market Cap: £66.37m
MWE Live PriceLast checked at - London Stock Exchange

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$2.2m Contract Win

15 Jun 2010 07:00

RNS Number : 5900N
MTI Wireless Edge Limited
15 June 2010
 



 

 

MTI Wireless Edge Ltd.

 

(the "Company")

$2.2m Order for MilitaryApplication

MTI Wireless Edge Ltd., (MWE) ("MTI" or "the Company"), a market leader in the manufacture of flat panel antennas for fixed wireless broadband, today announces that it has received a US$2.2m order from an existing client for the development and manufacture of Military antennas.

 

Deliveries will be over a two year period and approximately $0.5m is likely to be recognized as revenue in 2010 maintaining the Company's military order book going forward.

 

Dov Feiner, Chief Executive Officer, of MTI commented: "We are delighted with this order for military antennas. It provides an important revenue stream for us, as well as involvement in the forefront of antenna technology.

 

"As leaders in our field, we are the only company with the technical expertise and capability to provide high specification products for military application as well as industry leading antennas for the commercial, high volume market."

 

Contacts:

 

 

MTI Wireless Edge

Dov Feiner, CEO +972 3 9008900

Moni Borovitz, Financial Director

 

Execution Noble & Company Limited +44 207 456 9191

James Bromhead / Harry Stockdale

 

Threadneedle Communications +44 207 653 9850

Graham Herring / Josh Royston

 

 

About MTI Wireless Edge

 

MTI is engaged in the development, production and marketing of High Quality, Low Cost, Flat Panel Antennas for Commercial and Military applications. Commercial applications include: WiMAX, Wireless Networking, RFID readers and Broadband Wireless Access. The Company has over 40 years experience of supplying antennas from 100KHz to 90GHz including directional antennas and Omni directional for outdoor and indoor deployments. These include Smart Antennas for WiMAX, Wi-Fi, Public Safety, RFID and for Base Stations and Terminals - Utility Market. Military applications includes a wide range of broadband, tactical and specialized communications antennas, antenna systems and DF arrays installed on numerous airborne, ground and naval, including submarine, platforms worldwide.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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