Last checked at 16 Feb 2017 09:27
16 February 2017
MTI Wireless Edge Ltd
("MTI" or the "Company")
Posting of circular and Scrip Dividend Election Form
Further to the Company's 'Final Results' announcement released earlier today, in which reference was made to the scrip dividend alternative (the "Scrip Dividend Alternative") that MTI is offering to shareholders in respect of the final dividend for the year ending 31 December 2016, the Company announces that the circular (the "Circular") setting out the terms of and explaining the instructions for taking up the Scrip Dividend Alternative has now been posted to shareholders.
The Circular is available on the Company's website - www.mtiwe.com.
For further information please contact:
MTI Wireless Edge Dov Feiner, CEO Moni Borovitz, Financial Director | http://www.mtiwe.com/ +972 3 900 8900 |
Allenby Capital Limited Nick Naylor Alex Brearley | +44 20 3328 5656
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About MTI Wireless Edge
MTI is engaged in the development, production and marketing of High Quality, Low Cost, Flat Panel Antennas for Commercial & for Military applications. Commercial applications such as: WiMAX, Wireless Networking, RFID readers &, Broadband Wireless Access. With over 40 years' experience, supplying antennas 100KHz to 90GHz including directional antennas and Omni directional for outdoor and indoor deployments including Smart Antennas for WiMAX, Wi-Fi, Public Safety, RFID and for Base Stations and Terminals - Utility Market. Military applications include 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.
Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), MTI is also a leading provider of remote control solutions for water and irrigation applications based on Motorola's IRRInet state of the art control, monitoring and communication technologies. Mottech, headquartered in Israel, is the global prime distributor of Motorola for the IRRInet remote control solutions serving its customers worldwide through its subsidiaries and a global network of local distributers and representatives. It utilizes over 25 years of experience in providing its customers with remote control and management systems which ensure constant, reliable and accurate water usage, while reducing operational costs and maintenance costly expenses. Mottech's activities are focused in the market segments of agriculture, water distribution, Municipal and Commercial Landscape and Wastewater and Storm water Reuse.