Share Buy Back

7 Mar 2008 11:30

MTI Wireless Edge Limited07 March 2008 MTI WIRELESS EDGE LTD SHARE BUYBACK Further to the US$1.5 million share buyback program announced with the full yearresults on the 3 March 2008, MTI Wireless Edge Ltd ("MTI" or "the Company") nowannounces that on 6 March 2008, it purchased for cancellation 883,008 ordinaryshares at 27 pence per share. Following the above transaction MTI has 52,896,990 ordinary shares in issue. Contacts: MTI Wireless Edge +972 3 900 8900Dov Feiner, CEOMoni Borovitz, Financial Director Blue Oar Securities - Nominated Adviser & Joint Broker +44 20 7448 4400Shane GallweyMatthew Marchant Daniel Stewart & Co - Joint Broker +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