Mti Wireless Regulatory News (MWE)

27 September 2023

MTI Wireless Edge Ltd

("MTI" or the "Group")

5G Contract Wins

MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce that its Antenna division has received orders from the Indian divisions of two large Original Equipment Manufacturers worth approximately US$0.6 million for its 5G backhaul antenna solution, to be delivered by the end of this year. The orders have been placed by existing customers.

Commenting on the orders, Dov Feiner, GM 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. This is therefore a new and potentially significant opportunity to demonstrate the strength of our solutions and capture a larger market share of the Indian 5G backhaul market. 

"We are also seeing demand for 5G backhaul solutions from other territories where we see good potential based on our belief that we currently offer the most comprehensive solutions in this market, including flat antennas, single band, dual band and automatic beam steering antennas. Alongside this, we have close working relationships with the leading Original Equipment Manufacturers which are key to becoming established in each market."

For further information please contact:

MTI Wireless Edge Ltd +972 3 900 8900

Moni Borovitz, CEO http://www.mtiwirelessedge.com

Allenby Capital Limited (Nomad and Joint Broker) +44 20 3328 5656

Nick Naylor/Alex Brearley/Piers Shimwell (Corporate Finance)

Guy McDougall/Amrit Nahal (Sales and Corporate Broking)

Shore Capital (Joint Broker) +44 20 7408 4090

Toby Gibbs/Rachel Goldstein

Novella (Financial PR) +44 20 3151 7008

Tim Robertson/ Safia Colebrook

About MTI Wireless Edge Ltd. ("MTI")

Headquartered in Israel, MTI is a technology group focused on comprehensive communication and radio frequency solutions across multiple sectors through three core divisions:

Antenna division

MTI is internationally recognized as a producer of commercial off-the-Shelf and custom-developed antenna solutions in a broad frequency range of HF to 170 GHz for commercial, RFID and military applications. MTI continuously invests in ground breaking technologies, explores new frequencies, and devises innovative solutions which empower our wireless communication customers with cutting-edge off-the-shelf and custom-made antennas.

We are at the forefront of technology and innovation, being the first to introduce Dual Band parabolic antennas, E Band Automatic Beam Steering antennas, E Band FCC compliant flat antennas, and more.

MTI supplies directional and omnidirectional antennas for outdoor and indoor deployments, including smart antennas for 5G backhaul, Broadband access, public safety, RFID, base station and terminals for the utility market.

Military applications include a wide range of broadband, tactical and specialized communication antennas, antenna systems and DF arrays installed on numerous airborne, ground and naval, including submarine, platforms worldwide.

Water Control & Management division

Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), MTI provides high-end remote control and monitoring solutions for water and irrigation applications based on Motorola's IRRInet state-of-the-art control, monitoring and communication technologies.

As Motorola's global prime-distributor Mottech serves its customers worldwide through its international subsidiaries and a global network of local distributors and representatives. With over 25 years of experience in providing customers with irrigation remote control and management, Mottech's solutions ensure constant, reliable and accurate water usage, increase crops quality and yield while reducing operational and maintenance costs providing fast ROI while helping sustain the environment. Mottech's activities are focused in the market segments of agriculture, water distribution, municipal and commercial landscape as well as wastewater and storm-water reuse.

Distribution & Professional Consulting Services division

Via its subsidiary, MTI Summit Electronics Ltd., MTI offers consulting, representation and marketing services to foreign companies in the field of RF and Microwave solutions and applications including engineering services (including design and integration) in the field of aerostat systems and the ongoing operation of Platform subsystems, SIGINT, RADAR, communication and observation systems which is performed by the Company. It also specializes in the development, manufacture and integration of communication systems and advanced monitoring and control systems for the Government and defence industry market.