Contract win

RNS Number : 5421C

MTI Wireless Edge Limited

18 April 2017

 

18 April 2017

MTI Wireless Edge Ltd

("MTI" or the "Company")

Contract win

MTI Wireless Edge Ltd, a market leader in the manufacture of flat panel antennas for fixed wireless broadband and a wireless irrigation solution provider, announces that its subsidiary, Mottech Water Solutions Ltd ("Mottech"), has won a contract for approximately US$0.3 million for an irrigation management solution. The contract is with a municipality in China for landscape and turf irrigation and is to be supplied in the next six months.  

Dudi Shani, General Manger of Mottech: "We are very happy with this contract as it is the second contract that Mottech has received from a municipality in China in the last 12 months and these contracts have a combined value of approximately US$0.7 million. We hope that this will lead to other municipalities engaging Mottech for irrigation solutions, as I believe that the Chinese landscape market is becoming ready for our solutions and represents a large growth potential for Mottech".

For further information please contact:

MTI Wireless Edge Ltd Dov Feiner, CEO Moni Borovitz, Financial Director	http://www.mtiwe.com/ [phone]
Nomad and Joint Broker Allenby Capital Limited Nick Naylor Alex Brearley	[phone]
Joint Broker Peterhouse Corporate Finance Limited Lucy Williams Eran Zucker	[phone]

 About MTI Wireless Edge Ltd

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 &, Broadband Wireless Access. With over 40 years' experience of supplying antennas 100KHz to 90GHz, including directional antennas and Omni directional for outdoor and indoor deployments including Smart Antennas for WiMAX, Wi-Fi, Public Safety, RFID and for Base Stations and Terminals  - Utility Market. Military applications include 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.

Via its subsidiary, Mottech Water Solutions Ltd, MTI is also a leading provider of remote control solutions for water and irrigation applications based on Motorola's IRRInet state of the art control, monitoring and communication technologies. Mottech, headquartered in Israel, is the global prime distributor of Motorola for the IRRInet remote control solutions serving its customers worldwide through its subsidiaries and a global network of local distributers and representatives. It utilizes over 25 years of experience in providing its customers with remote control and management systems which ensure constant, reliable and accurate water usage, while reducing operational costs and maintenance costly expenses. Mottech's activities are focused in the market segments of agriculture, water distribution, Municipal and Commercial Landscape and Wastewater and Storm water Reuse.

 

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