MTI WIRELESS EDGE LTD. (MWE) — Half Year Results

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the MTI WIRELESS EDGE LTD. Half Year Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time using the Q and A tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question received during the meeting itself. However, the company will review all questions submitted today and publish responses where it is appropriate to do so. Before we begin, I would like to submit the following poll. And I would now like to hand you over to CEO, Moni Borowicz. Good morning to you, sir. Good morning, Alex. Good morning, everybody, and thank you for joining our first half result presentation. I would like to start by giving a review on the macroeconomic trends that are supporting the demand for the solution that we do. Starting with the recent report on water development issued by the UN, we can see that the world is in a bad situation concerning preservation of water. If you look at the report, you can learn that the forecast that by 2050, in many continents, 6% of the GDP would be reduced just in order to deal with the demand for water. And not only that, but they claim that in that year, half of the population in urban area will be underwater scarcity. So there is no doubt that we need to manage water, preserve water, and this is what Motech is all about. Moving into five g world, the cellular world, we all know that people are joining more and more to the five g network, maybe not at the pace that everybody expected, but it does grow. And at the end of the day, we will need a strong backbone backhaul solution for that, and this is what our anten...