1st Quarter Results

FOR IMMEDIATE RELEASE 8 May 2006

                      TRADING UPDATE: FIRST QUARTER 2006                       

MTI Wireless Edge Ltd., (ticker: MWE) ('MTI' or 'the Company'), a market leader
in the manufacture of flat panel antennas for fixed wireless broadband, today
announced its summary unaudited results for the three months ended 31 March
2006, its thirteenth consecutive quarter of revenue growth.

Highlights

  * Revenues up 31% year on year to US$ 3.4 million (US$ 2.6 million)
   
  * Gross profit up 37% year on year to US$ 1.5 million (US$ 1.1 million) with
    gross margin of 43.7% (41.8%)
   
  * Net profits up 46% year on year to US$ 0.6 million (US$ 0.4 million) with
    increased net margin of 17.1% (15.4%)
   
  * Basic earnings per share up 31%
   
  * Positive outlook for remainder of 2006 with healthy order book and
    opportunity pipeline
   
  * Successful initial public offering and admission to AIM in March 2006 with
    offering oversubscribed and raising net proceeds of GB £5 million
   
  * Net cash position of US$ 11.7 million as at 31 March 2006
   
Financial Summary

(US$ `000s)                        1 Jan - 31 March            1 Jan - 31 March
                                                                               
                                               2006                        2005
                                                                               
Turnover                                      3,404                       2,592
                                                                               
Gross Profit                                  1,486                       1,084
                                                                               
Operating Profit                                600                         406
                                                                               
Net Profit                                      583                         398
                                                                               
Basic earnings per                             1.65                        1.26
share (US Cents)                                                               

Dov Feiner, Chief Executive Officer, commented: "MTI continued its strong top
line and earnings momentum in the first three months of the year, with improved
margins at all levels. Our contracted but as yet unfulfilled order book is very
healthy with US$ 3.8 million of committed revenues for the remainder of 2006,
compared to US$ 2.6 million at this stage last year. US$ 3 million of this
current order book is due for completion during the second quarter. We have won
significant new contracts and our forward opportunity pipeline is encouraging.
We sell our products to the world's leading original equipment manufacturers of
wireless broadband systems, and our antennas are now installed in over 130
countries, worldwide.

"The fixed wireless broadband equipment market is estimated to be growing by
more than 40% per year, according to Skylight Research, and therefore presents
an enormous potential for MTI as the world leader in the provision of fixed
broadband wireless antennas. We continue to work hard to develop long-term
business relationships with key partners and customers around the world, as
well as to leverage our market leading position by developing additional
emerging applications such as Radio Frequency Identification (`RFID') antennas
for use in inventory tracking and supply chain management in large warehouses.

"The successful completion of our IPO is a major step for the Company,
providing us with additional capital to pursue our strategic international
expansion and product development whilst, at the same time, helping to raise
our international profile."

For further information, please visit www.mtiwe.com or contact:

Dov Feiner (CEO) / Moni Borovitz (CFO) Tel: [phone]

Luke Ahern / David Seal - Corporate Synergy Plc Tel: [phone]

Rob Newman - Shared Value Tel: [phone]

About MTI Wireless Edge

MTI designs and manufactures flat panel antennas, largely supplied to
international OEMs of fixed broadband wireless access systems. With over 30
years of technical `know-how', flexible high volume manufacturing capabilities
and low failure rates, MTI's antennas now comprise approximately 25% of the
global fixed broadband wireless antenna market. In addition, the Company has
successfully developed products for new commercial applications as wireless
systems become increasingly prevalent in new markets.