Business
Italian Contract Wins
Italian Contract Wins.
About this update from Mti Wireless Edge Ltd
[{"type":"text","content":"\n \n 23 June 2022\n \n \n MTI Wireless Edge Ltd\n \n \n (\"MTI\" or the \"Group\")\n \n \n \n Italian Contract Wins\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 its subsidiary Mottech Water Solutions Ltd (\"Mottech\") has secured several orders through its Italian resellers, totalling approximately €1 million, all for delivery during the third quarter of 2022.\n \n Italy has been a successful market for Mottech, operating through long-term resellers of the Mottech product range. These recent orders are from both existing and new agricultural and water distribution customers. These contracts will result in a significant increase in revenues from Italy in the current year and are in line with Mottech's profit margins.\n \n \n MTI's CEO, Moni Borovitz, commented: \"We are delighted with these contract wins, as they demonstrate our customers' satisfaction with our ongoing support and market leading solutions. Italy is an important market for Mottech as we see good potential to further increase revenues and profits through both existing and new clients.\"\n \n For further information please contact:\n \n \n \n \n \n \n MTI Wireless Edge Ltd\n \n \n \n Moni Borovitz, CEO\n \n \n \n \n +972 3 900 8900\n \n \n \n \n http://www.mtiwirelessedge.com\n \n \n \n \n \n \n \n \n \n \n \n \n Allenby Capital Limited\n \n (Nomad and Joint Broker)\n \n \n Nick Naylor/Alex Brearley/Piers Shimwell (Corporate Finance)\n \n \n Amrit Nahal/David Johnson (Sales and Corporate Broking)\n \n \n \n \n +44 20 3328 5656\n \n \n \n \n \n \n \n \n \n \n \n \n Shore Capital\n \n (Joint Broker)\n \n \n Toby Gibbs/John More (Corporate Advisory)\n \n \n Fiona Conroy (Corporate Broking)\n \n \n \n \n \n \n \n \n \n \n \n \n +44 20 7408 4090\n \n \n \n \n \n \n \n Novella\n \n (Financial PR)\n \n \n Tim Robertson/Safia Colebrook\n \n \n \n \n +44 20 3151 7008\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n About MTI Wireless Edge Ltd. (\"MTI\")\n \n \n Headquartered in Israel, MTI is a technology group focused on comprehensive communication and radio frequency solutions across multiple secto...