Business
Holding in Parent Company
Holding in Parent Company.
About this update from Mti Wireless Edge Ltd
[{"type":"text","content":"\n MTI Wireless Edge Limited\n26 November 2007\n\n\n\n\n MTI Wireless Edge Limited (the 'Company')\n\n Holding in Parent Company\n\nFurther to the Company's announcement on 3rd September 2007 regarding the share\npurchase agreement entered into between Mokirei Aya Ltd. ('Mokirei Aya') and\nInspire Investment Ltd. ('Inspire') for the purchase of Mokiei Aya's holdings in\nMTI Computers and Software Services (1982) Ltd. ('MTI Computers'), the principal\nshareholder of the Company, the Company hereby announces that it has been\ninformed by MTI Computers that Inspire has decided not to complete the share\npurchase transaction.\n\n\nContacts:\nMTI Wireless Edge +972 3 900 8900\nDov Feiner, CEO\nMoni Borovitz, Financial Director\n\nBlue Oar Securities Plc +44 20 7448 4400\nMatthew Marchant\nShane Gallwey\n\nDaniel Stewart & Company +44 20 7776 6550\nLindsay Mair\n\nThreadneedle Communications +44 207 936 9605\nGraham Herring\nJosh Royston\n\n\n\nAbout MTI Wireless Edge\n\nMTI designs and manufactures flat panel antennas, largely supplied to\ninternational OEMs of fixed broadband wireless access systems. With over 30\nyears of technical 'know-how', flexible high volume manufacturing capabilities\nand low failure rates, MTI's antennas now comprise approximately 25% of the\nglobal fixed broadband wireless antenna market. In addition, the Company has\nsuccessfully developed products for new commercial applications as wireless\nsystems become increasingly prevalent in new markets.\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1807,"tagName":"div"}]