Business
Acquisition of 50% of Parkland Australia Pty Ltd
Acquisition of 50% of Parkland Australia Pty Ltd.
About this update from Mti Wireless Edge Ltd
[{"type":"text","content":"\n \nRNS Number : 2226H MTI Wireless Edge Limited 30 July 2019 \n\n \n30 July 2019\n \nMTI Wireless Edge Ltd \n(\"MTI\" or the \"Company\")\n \nAcquisition of 50% of Parkland Australia Pty Ltd (\"Parkland Australia\")\n \nMTI Wireless Edge Ltd (AIM: MWE), a technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce that, following the Company's announcement on 24 June 2019, MTI's wholly owned subsidiary, Mottech Water Solution Ltd (\"Mottech\"), has completed the purchase of 50% of Parkland Australia. \n \n \nContacts:\n \nFor further information please contact:\n\n\n\nMTI Wireless Edge Ltd\n\n\n\n\n\n\n\n\n\n\nMoni Borovitz, CEO\n\n\n\n\n\n+972 3 900 8900\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nAllenby Capital Limited (Nomad and Joint Broker)\n\n\n\n\n\n \n\n\n\n\nNick Naylor\n\n\n\n\n\n+44 20 3328 5656\n\n\n\n\nAlex Brearley\n\n\n\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nPeterhouse Capital Limited (Joint Broker)\n\n\n\n\n\n+44 20 7469 0930\n\n\n\n\nLucy Williams\n\n\n\n\n\n \n\n\n\n\nEran Zucker\n\n\n\n\n\n \n\n\n\n \n\n\n \nAbout MTI Wireless Edge Ltd\nHeadquartered in Israel, MTI is a technology group focused on comprehensive communication and radio frequency solutions across multiple sectors through three core divisions:\nAntenna Division\nMTI 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 90 GHz.\nInternationally 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. \nMTI supplies directional and omnidirectional antennas for outdoor and indoor deployments, including smart antennas for WiMAX, Broadband access, public safety, RFID, base stations and terminals for the utility market. \nMilitary applications include a wide range of broadband, tactical and specialized communication antennas, antenna systems and DF arrays installed on numerous airborne, ground and naval, includi...