Contract Win

6 Feb 2007 07:02

MTI Wireless Edge Limited06 February 2007 MTI WIRELESS EDGE LTD $1 Million Order for Naval Antennas 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 thedevelopment and manufacture of Naval antennas. The value of the order is approximately US$1 million over the course of 18months with most of the work performed in 2007, which represents one of thelargest military orders ever received by the Company. Dov Feiner, Chief Executive, of MTI commented:"We are delighted with this additional order for Naval antennas. As well asproviding an important revenue stream for the Company, our involvement with suchclients allows us to stay at the very forefront of antenna technology". "As the leader in our field MTI is the only company with the technical expertiseand capability to provide high specification products for military applicationas well as industry leading antennas for the commercial, high volume market." MTI Wireless Edge +972 3 900 8900 Dov Feiner, CEOMoni Borovitz, Financial Director Corporate Synergy Plc +44 20 7448 4400 Luke AhernDavid Seal Threadneedle Communications +44 207 936 9605 Graham 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