MTI Wireless Edge Limited Significant Orderbook Increase

MTI Wireless Edge Limited

MTI Wireless Edge Limited (LON:MWE), a market leader in the manufacture of flat panel antennas for fixed wireless broadband and a wireless irrigation solution provider, announced today that the Company’s major shareholder, MTI Computers & Software Services (1982) Ltd (“MTIC”), has today announced its results for the year ended 31 December 2016 (the “MTIC Results”) on the Tel Aviv Stock Exchange.

The MTIC Results contain, inter alia, details of MTI’s current orderbook, which for MTI’s antenna division is stated as being US$7.2m, of which US$6.6m is to be accounted for in 2017. For comparative purposes, last year (March 2016) the equivalently stated orderbook for the antenna division was US$4.1m, of which US$3.8m was to be accounted for in 2016.

The MTIC Results also contain details of the current orderbook for the company’s Mottech division, which is stated as being US$4.4m for 2017, broadly unchanged from the previous year’s position, as stated in March 2016.

 

MTI Wireless Edge Limited is engaged in the development, production and marketing of High Quality, Low Cost, Flat Panel Antennas for Commercial & for Military applications. Commercial applications such as: WiMAX, Wireless Networking, RFID readers &, Broadband Wireless Access. With over 40 years’ experience, 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.

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