Business
Canadian Contract Win
Canadian Contract Win.
About this update from Mti Wireless Edge Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 0916B\n MTI Wireless Edge Limited\n 08 June 2021\n \n \n \n \n 8 June \n 2021\n \n \n \n \n \n \n MTI Wireless Edge Ltd\n \n \n \n \n (\"MTI\" or the \"Group\")\n \n \n \n \n \n Canadian Contract Win\n \n \n \n \n \n \n \n \n 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 Mottech Water Solutions Ltd (\"Mottech\"), the Group's subsidiary in the wireless irrigation control solutions sector, has secured a three year service contract with a major Canadian City. The contract is estimated to be worth approximately CAD$ 300,000.\n \n \n In February 2021, the Group opened a new office in Alberta, Canada following the local reseller, who covered the Canadian market for Mottech, retiring. This Canadian City, which has one of the largest municipal water irrigations systems in the world, was previously a client of Mottech through the reseller but the new contract is now directly with Mottech.\n \n \n MTI's CEO, Moni Borovitz, commented: \"Canada has historically been an important and profitable market for Mottech and, with the opening of our office, it has the potential to be more valuable to the Group. Our newly set up Canadian business has started well with recent equipment orders and this service contract is an important part of our strategy to increase recurring revenues from service and maintenance and be closer to our end customers. We believe we will see more business opportunities and increased revenue from equipment sales.\"\n \n \n \n For further information please contact:\n \n \n \n MTI Wireless Edge Ltd \n \n +972 3 900 8900\n \n \n Moni Borovitz, CEO \n \n \n http://www.mtiwirelessedge.com\n \n \n \n \n \n Allenby Capital Limited \n \n (Nomad and Joint Broker) +44 20 3328 5656\n \n \n Nick Naylor/Alex Brearley (Corporate Finance)\n \n \n David Johnson (Sales and Corporate Broking)\n \n \n \n Peterhouse Capital Limited\n \n (Joint Broker) ...