Last checked at 21 Jun 2012 08:00
21 June 2012
MTI Wireless Edge Ltd
("MTI" or the "Company")
Notification of Death of Non Executive Director
It is with deep regret that the Board of MTI Wireless Edge (AIM: MWE) announces that Stewart Millman, Non Executive Director and Chairman of the Remuneration and Audit Committee passed away on Tuesday, June 19th. Stewart had been with MTI Wireless since its floatation in 2006, during which time he provided an invaluable contribution to the Company.
Dov Feiner, Chief Executive Officer, commented: "On behalf of everyone at MTI Wireless, I would like to express our heartfelt condolences to Stewart's family and friends. He was an inspiring person who provided the board with invaluable advice and guidance. Stewart will be deeply missed by us all."
Contacts:
MTI Wireless Edge Dov Feiner, CEO Moni Borovitz, Financial Director
| +972 3 900 8900 |
Allenby Capital Nick Naylor Alex Price
| +44 203 328 5656 |
Newgate Threadneedle Graham Herring Terry Garrett | +44 207 653 9850 |
About MTI Wireless Edge
MTI designs and manufactures flat panel antennas, largely supplied to international OEMs of fixed broadband wireless access systems. With over 30 years of technical `know-how', flexible high volume manufacturing capabilities and low failure rates, MTI's antennas now comprise approximately 25% of the global fixed broadband wireless antenna market. In addition, the Company has successfully developed products for new commercial applications as wireless systems become increasingly prevalent in new markets.