Statement re Share Price Movement

13 Jun 2006 12:58

MTI Wireless Edge Ltd. (the "Company") Statement re: Share Price Movement The Company notes the recent fall in its share price. The Company knows noreason for this fall and confirms that trading remains in line with currentmarket expectations as announced at the time of its 1st quarter results on 8May 2006.For further information, please visit www.mtiwe.com or contact:Dov Feiner (CEO) / Moni Borovitz (CFO) Tel: +972 3 900 8900Luke Ahern / David Seal - Corporate Synergy Plc Tel: +44 20 7448 4400Rob Newman - Shared Value Tel: +44 20 7321 5029About MTI Wireless Edge Ltd.: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.ENDMTI WIRELESS EDGE LTD