Holding in Parent Company

26 Nov 2007 09:07

MTI Wireless Edge Limited26 November 2007 MTI Wireless Edge Limited (the 'Company') Holding in Parent Company Further to the Company's announcement on 3rd September 2007 regarding the sharepurchase agreement entered into between Mokirei Aya Ltd. ("Mokirei Aya") andInspire Investment Ltd. ("Inspire") for the purchase of Mokiei Aya's holdings inMTI Computers and Software Services (1982) Ltd. ("MTI Computers"), the principalshareholder of the Company, the Company hereby announces that it has beeninformed by MTI Computers that Inspire has decided not to complete the sharepurchase transaction. Contacts:MTI Wireless Edge +972 3 900 8900Dov Feiner, CEOMoni Borovitz, Financial Director Blue Oar Securities Plc +44 20 7448 4400Matthew MarchantShane Gallwey Daniel Stewart & Company +44 20 7776 6550Lindsay Mair 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