Mti Wireless Regulatory News (MWE)

13 Nov 2006 07:02

MTI Wireless Edge Limited13 November 2006 MTI WIRELESS EDGE LTD Largest Single Order for Commercial Antennas in 3 Years MTI Wireless Edge Ltd., (ticker: MWE) ('MTI' or 'the Company'), a market leaderin the manufacture of flat panel antennas for fixed wireless broadband, todayannounces that it has received an order from an existing client for commercialantennas to be supplied between now and the first quarter of next year. The value of the order is US$560,000 which represents the largest order to datefrom this particular client and the largest single order from any MTI client inthe last 3 years. Dov Feiner, Chief Executive, of MTI commented:"This order represents a step change from this particular client and is, webelieve, indicative of overall market sentiment. Last week we announced ourfifteenth consecutive quarter of revenue growth and this order adds furtherconfidence in the growth that our Company can achieve. "The fact that it has come from an existing client is testimony to theoutstanding product and service for which MTI has become synonymous." MTI Wireless Edge +972 3 900 8900Dov Feiner, CEOMoni Borovitz, Financial Director Corporate Synergy Plc +44 20 7448 4400Luke AhernDavid Seal Threadneedle Communications +44 207 936 9605Graham HerringJosh Royston About MTI Wireless Edge MTI designs and manufactures flat panel antennas, largely supplied tointernational OEMs of fixed broadband wireless access systems. With over 30years of technical 'know-how', flexible high volume manufacturing capabilitiesand low failure rates, MTI's antennas now comprise approximately 25% of theglobal fixed broadband wireless antenna market. In addition, the Company hassuccessfully developed products for new commercial applications as wirelesssystems become increasingly prevalent in new markets. This information is provided by RNS The company news service from the London Stock Exchange