Business
Contract Win worth approximately US$1.5 million
Contract Win worth approximately US$1.5 million.
About this update from Mti Wireless Edge Ltd
[{"type":"text","content":"\n \nRNS Number : 4068C MTI Wireless Edge Limited 10 February 2020 \n\nDissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).\n \n10 February 2020\nMTI Wireless Edge Ltd (\"MTI\" or the \"Group\")\n \nContract Win worth approximately US$1.5 million\n \nMTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce that the St Petersburg office of MTI Summit has secured a significant order for delivery in 2020 from a Russian customer. The contract is worth approximately US$1.5 million and is for the supply of radio frequency components. \nOperating under the Group's Distribution & Professional Consulting Services Division, MTI Summit represents 40 international suppliers of radio frequency and microwave components and sells these products to customers. Expert knowledge of both the international suppliers and customers further enables MTI to act as a consultant to all parties and assist with devising radio frequency and microwave solutions, as was the case with this contract win.\nMTI's CEO, Moni Borovitz, commented: \"Since the acquisition of Summit by MTI in 2013, this division has traded under the MTI Summit brand and has been growing very satisfactorily. Customers are increasingly recognizing our ability to source radio frequency and microwave components and to be an active partner in helping to solve design challenges by offering suitable components for a particular solution. \nThis win is particularly good news for our St Petersburg office, as it is their largest order to date. In addition, there is an order book of further Russian orders which bodes well for this office and for the division as a whole in 2020.\"\n \nFor further information please contact:\nMTI Wireless Edge Ltd +972 3 900 8900\nMoni Borovitz, CEO ...