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MTI Wireless secures US$1mln order from Israeli customer

“We continue to see high demand for our products and services and this agreement is another step in the realization of the substantial potential for our products," MTIE's general manager, Adi Peleg, said

MTI Wireless Edge Limited -

MTI Wireless Edge Ltd (LON:MWE) has secured a US$1mln order from an Israeli customer for the supply of Hi-Power Microwave Terminations.  

The company, which produces antennas for commercial, radio frequency identification and military sectors, said its consulting and representation division MTI Engineering Ltd won the 16-month contract with the undisclosed client. 

MTIE's general manager, Adi Peleg, said: "We are delighted with this agreement because it provides a lot of potential, including scope for the order size to more than double in the next two years, as our customer has designed its system around MTI's component.

“We continue to see high demand for our products and services and this agreement is another step in the realization of the substantial potential for our products."

Quick facts: MTI Wireless Edge Limited

Price: 47 GBX

AIM:MWE
Market: AIM
Market Cap: £41.6 m
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