Business
Significant Orderbook Increase
Significant Orderbook Increase.
About this update from Mti Wireless Edge Ltd
[{"type":"text","content":"\n \nRNS Number : 3458Z MTI Wireless Edge Limited 14 March 2017 \n\n14 March 2017\nMTI Wireless Edge Ltd\n(\"MTI\" or the \"Company\")\nSignificant Orderbook Increase\n \nMTI Wireless Edge Ltd. (MWE), a market leader in the manufacture of flat panel antennas for fixed wireless broadband and a wireless irrigation solution provider, announces that the Company's major shareholder, MTI Computers & Software Services (1982) Ltd (\"MTIC\"), has today announced its results for the year ended 31 December 2016 (the \"MTIC Results\") on the Tel Aviv Stock Exchange. \nThe MTIC Results contain, inter alia, details of MTI's current orderbook, which for MTI's antenna division is stated as being US$7.2m, of which US$6.6m is to be accounted for in 2017. For comparative purposes, last year (March 2016) the equivalently stated orderbook for the antenna division was US$4.1m, of which US$3.8m was to be accounted for in 2016. \nThe MTIC Results also contain details of the current orderbook for the Company's Mottech division, which is stated as being US$4.4m for 2017, broadly unchanged from the previous year's position, as stated in March 2016. \n \nFor further information please contact:\n \n\n\n\n\nMTI Wireless Edge\nDov Feiner, CEO\nMoni Borovitz, Financial Director\n \n\n\nhttp://www.mtiwe.com/\n+972 3 900 8900\n\n\n\n\nNomad and Joint Broker\nAllenby Capital Limited\nNick Naylor\nAlex Brearley\n \n\n\n+44 20 3328 5656\n \n\n\n\n\nJoint Broker\nPeterhouse Corporate Finance Limited\nLucy Williams\nEran Zucker\n \n\n\n+44 20 7469 0930\n\n\n\n\n \n About MTI Wireless Edge\nMTI is engaged in the development, production and marketing of High Quality, Low Cost, Flat Panel Antennas for Commercial & for Military applications. Commercial applications such as: WiMAX, Wireless Networking, RFID readers &, Broadband Wireless Access. With over 40 years' experience, supplying antennas 100KHz to 90GHz including directional antennas and Omni directional for outdoor and indoor deployments including Smart Antennas for WiMAX, Wi-Fi, Public Safety, RFID and for Base Stations and Terminals - Utility Market. Military applications include a wide range of broadband, tactical and specialized communications antennas, antenna systems and DF arrays installed on numerous airborne, ground and naval, including ...