$2.2m Contract Win

RNS Number : 5900N

MTI Wireless Edge Limited

15 June 2010

 



MTI Wireless Edge Ltd.

(the "Company")

$2.2m Order for MilitaryApplication

MTI Wireless Edge Ltd., (MWE) ("MTI" or "the Company"), a market leader in the manufacture of flat panel antennas for fixed wireless broadband, today announces that it has received a US$2.2m order from an existing client for the development and manufacture of Military antennas.

Deliveries will be over a two year period and approximately $0.5m is likely to be recognized as revenue in 2010 maintaining the Company's military order book going forward.

Dov Feiner, Chief Executive Officer, of MTI commented: "We are delighted with this order for military antennas. It provides an important revenue stream for us, as well as involvement in the forefront of antenna technology.

"As leaders in our field, we are the only company with the technical expertise and capability to provide high specification products for military application as well as industry leading antennas for the commercial, high volume market."

Contacts:

MTI Wireless Edge

Dov Feiner, CEO                                            [phone]

Moni Borovitz, Financial Director

Execution Noble & Company Limited             [phone]

James Bromhead / Harry Stockdale

Threadneedle Communications                     [phone]

Graham Herring / Josh Royston

About MTI Wireless Edge

MTI is engaged in the development, production and marketing of High Quality, Low Cost, Flat Panel Antennas for Commercial and Military applications. Commercial applications include: WiMAX, Wireless Networking, RFID readers and Broadband Wireless Access. The Company has over 40 years experience of supplying antennas from 100KHz to 90GHz including directional antennas and Omni directional for outdoor and indoor deployments. These include Smart Antennas for WiMAX, Wi-Fi, Public Safety, RFID and for Base Stations and Terminals - Utility Market. Military applications includes a wide range of broadband, tactical and specialized communications antennas, antenna systems and DF arrays installed on numerous airborne, ground and naval, including submarine, platforms worldwide.

 

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