Business
$2.2m Contract Win
$2.2m Contract Win.
About this update from Mti Wireless Edge Ltd
[{"type":"text","content":"\n RNS Number : 5900N MTI Wireless Edge Limited 15 June 2010 \n \n\n \n \nMTI Wireless Edge Ltd. \n \n(the \"Company\")\n\n$2.2m Order for MilitaryApplication\n\n\nMTI Wireless Edge Ltd., (MWE) (\"MTI\" or \"the Company\"), a market leader in the manufacture of flat panel antennas for fixed wireless broadband, today announces that it has received a US$2.2m order from an existing client for the development and manufacture of Military antennas.\n \nDeliveries will be over a two year period and approximately $0.5m is likely to be recognized as revenue in 2010 maintaining the Company's military order book going forward. \n \nDov Feiner, Chief Executive Officer, of MTI commented: \"We are delighted with this order for military antennas. It provides an important revenue stream for us, as well as involvement in the forefront of antenna technology.\n \n\"As leaders in our field, we are the only company with the technical expertise and capability to provide high specification products for military application as well as industry leading antennas for the commercial, high volume market.\"\n \nContacts:\n \n \nMTI Wireless Edge\nDov Feiner, CEO +972 3 9008900\nMoni Borovitz, Financial Director\n \nExecution Noble & Company Limited +44 207 456 9191\nJames Bromhead / Harry Stockdale\n \nThreadneedle Communications +44 207 653 9850\nGraham Herring / Josh Royston\n \n \nAbout MTI Wireless Edge\n \nMTI is engaged in the development, production and marketing of High Quality, Low Cost, Flat Panel Antennas for Commercial and Military applications. Commercial applications include: WiMAX, Wireless Networking, RFID readers and Broadband Wireless Access. The Company has over 40 years experience of supplying antennas from 100KHz to 90GHz including directional antennas and Omni directional for outdoor and indoor deployments. These include Smart Ante...