Last checked at 12 Jan 2016 16:16
12 January 2016
MTI Wireless Edge Ltd
("MTI" or the "Company")
Result of EGM
MTI Wireless Edge Ltd. (MWE), a market leader in the manufacture of flat panel antennas for fixed wireless broadband and a wireless irrigation solution provider, announces that at its extraordinary general meeting held earlier today both resolutions were passed.
As a consequence of the passing of resolution 1, MTI has adopted new articles of association. A copy of MTI's new articles of association will shortly be available for download from the Company's website www.mtiwe.com, in accordance with the requirements of Rule 26 of the AIM Rules for Companies.
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 and for military applications. Commercial applications such as: WiMAX, wireless networking, RFID readers &, broadband wireless access. With over 40 years' experience supplying 100KHz to 90GHz antennas including directional antennas and omni-directional anntenas 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 specialised communications antennas, antenna systems and DF arrays installed on numerous airborne, ground and naval platforms worldwide, including submarines.
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 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 utilises over 25 years' experience in providing its customers with remote control and management systems which ensure constant, reliable and accurate water usage, while reducing operational costs and costly maintenance expenses. Mottech activities are focused in the market segments of agriculture, water distribution, municipal and commercial landscape and wastewater and storm water reuse.