Canadian Contract Win

RNS Number : 0916B

MTI Wireless Edge Limited

08 June 2021

 

8 June 2021

MTI Wireless Edge Ltd  

("MTI" or the "Group")

Canadian Contract Win

MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce that Mottech Water Solutions Ltd ("Mottech"), the Group's subsidiary in the wireless irrigation control solutions sector, has secured a three year service contract with a major Canadian City.  The contract is estimated to be worth approximately CAD$ 300,000.

In February 2021, the Group opened a new office in Alberta, Canada following the local reseller, who covered the Canadian market for Mottech, retiring. This Canadian City, which has one of the largest municipal water irrigations systems in the world, was previously a client of Mottech through the reseller but the new contract is now directly with Mottech.

MTI's CEO, Moni Borovitz, commented: "Canada has historically been an important and profitable market for Mottech and, with the opening of our office, it has the potential to be more valuable to the Group. Our newly set up Canadian business has started well with recent equipment orders and this service contract is an important part of our strategy to increase recurring revenues from service and maintenance and be closer to our end customers.  We believe we will see more business opportunities and increased revenue from equipment sales."

For further information please contact:

MTI Wireless Edge Ltd  [phone]

Moni Borovitz, CEO   http://www.mtiwirelessedge.com

Allenby Capital Limited (Nomad and Joint Broker)                                               [phone]

Nick Naylor/Alex Brearley (Corporate Finance)

David Johnson (Sales and Corporate Broking)

Peterhouse Capital Limited (Joint Broker)                                                              [phone]

Lucy Williams/ Eran Zucker

Novella (Financial PR)                                                                                                 [phone]

Tim Robertson/Fergus Young

About MTI Wireless Edge Ltd. ("MTI")

Headquartered in Israel, MTI is a technology group focused on comprehensive communication and radio frequency solutions across multiple sectors through three core divisions:

Antenna Division  

MTI is a world leader in the design, development and production of high quality, state-of-the-art, and cost-effective antenna solutions including Smart Antennas, MIMO Antennas and Dual Polarity Antennas for wireless applications. MTI supplies antennas for both military and commercial markets from 100 KHz to 90 GHz.

Internationally recognized as a producer of commercial off-the-Shelf and custom-developed antenna solutions in a broad frequency range, MTI addresses both commercial and military applications.

MTI supplies directional and omnidirectional antennas for outdoor and indoor deployments, including smart antennas for WiMAX, Broadband access, public safety, RFID, base stations and terminals for the utility market.

Military applications include a wide range of broadband, tactical and specialized communication antennas, antenna systems and DF arrays installed on numerous airborne, ground and naval, including submarine, platforms worldwide.  

Water Control & Management Division  

Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), MTI provides high-end remote control solutions for water and irrigation applications based on Motorola's IRRInet state-of-the-art control, monitoring and communication technologies.

As Motorola's global prime-distributor Mottech serves its customers worldwide through its international subsidiaries and a global network of local distributors and representatives. With over 25 years of experience in providing customers with irrigation remote control and management, Mottech's solutions ensure constant, reliable and accurate water usage, while reducing operational and maintenance costs. Mottech's activities are focused in the market segments of agriculture, water distribution, municipal and commercial landscape as well as wastewater and storm-water reuse.

Distribution & Professional Consulting Services Division  

Via its subsidiary, MTI Summit Electronics Ltd., MTI offers consulting, representation and marketing services to foreign companies in the field of RF and Microwave solutions and applications including engineering services (including design and integration) in the field of aerostat systems and the ongoing operation of Platform subsystems, SIGINT, RADAR, communication and observation systems which is performed by the Company.

 

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