23 June 2022
MTI Wireless Edge Ltd
("MTI" or the "Group")
Italian Contract Wins
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 its subsidiary Mottech Water Solutions Ltd ("Mottech") has secured several orders through its Italian resellers, totalling approximately €1 million, all for delivery during the third quarter of 2022.
Italy has been a successful market for Mottech, operating through long-term resellers of the Mottech product range. These recent orders are from both existing and new agricultural and water distribution customers. These contracts will result in a significant increase in revenues from Italy in the current year and are in line with Mottech's profit margins.
MTI's CEO, Moni Borovitz, commented: "We are delighted with these contract wins, as they demonstrate our customers' satisfaction with our ongoing support and market leading solutions. Italy is an important market for Mottech as we see good potential to further increase revenues and profits through both existing and new clients."
For further information please contact:
MTI Wireless Edge Ltd
Moni Borovitz, CEO
+972 3 900 8900
Allenby Capital Limited (Nomad and Joint Broker)
Nick Naylor/Alex Brearley/Piers Shimwell (Corporate Finance)
Amrit Nahal/David Johnson (Sales and Corporate Broking)
+44 20 3328 5656
Shore Capital (Joint Broker)
Toby Gibbs/John More (Corporate Advisory)
Fiona Conroy (Corporate Broking)
+44 20 7408 4090
Novella (Financial PR)
Tim Robertson/Safia Colebrook
+44 20 3151 7008
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:
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 174 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 5G backhaul, Broadband access, public safety, RFID, base station 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 and monitoring 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, increase crops quality and yield while reducing operational and maintenance costs providing fast ROI while helping sustain the environment. 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. It also specializes in the development, manufacture and integration of communication systems and advanced monitoring and control systems for the Government and defence industry market.