MTI Wireless Edge Ltd (LON:MWE) revealed Wednesday that Ginat Wave India Private Limited, its offset manufacturing company in India, has secured another large scale order, from a returning European customer, totalling €1.5mln.
In a brief statement, the AIM-listed technology group, which is focused on comprehensive communication and radio frequency solutions across multiple sectors, said the order is for cable harnesses to be supplied over 5 years.
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Ariel Melamed, CEO of Ginat commented: "We have been manufacturing for this customer from the beginning of the year and I am happy that its satisfaction has been demonstrated with this long term order."
“We look forward to further developing Ginat and becoming a significant manufacturer in the MTI Group as the demand for offset manufacturing in our business space in India is huge", he added.