Business
Expansion of PSK Defence Order
MTI Wireless Edge Ltd announced an expansion of a contract with the Israeli Ministry of Defence through P.S.K. Wind Technologies Limited, doubling the order value from US$2.2 million to approximately US$4.5 million, with completion expected by the end of the first quarter of 2027. The company's CEO highlighted increasing opportunities in the defence market and a healthy pipeline across all divisions, indicating a strong business position. Disclaimer*
About this update from Mti Wireless Edge Ltd
Dissemination of a Regulatory Announcement that contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. 8 June 2026 MTI Wireless Edge Ltd ("MTI" or the "Group") Expansion of PSK Defence Order 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 further to its announcement on 7 April 2026, P.S.K. Wind Technologies Limited's contract for the supply of communications infrastructure to the Israeli Ministry of Defence has doubled in value, increasing from US$2.2m to approximately US$4.5m. The expanded order is expected to be completed by the end of the first quarter of 2027. MTI's CEO, Moni Borovitz, commented: "We continue to see more opportunities in the defence market and demand for our range of defence related products. Overall, the business continues to be very well positioned with a healthy pipeline of potential orders across all three divisions." For further information please contact: MTI Wireless Edge Ltd Moni Borovitz, CEO +972 3 900 8900 http://www.mtiwirelessedge.com Allenby Capital Limited (Nomad and Joint Broker) Nick Naylor/Alex Brearley/David Asquith (Corporate Finance) Tony Quirke/Amrit Nahal (Sales and Corporate Broking) +44 20 3328 5656 Shore Capital (Joint Broker) Toby Gibbs/George Payne (Corporate Advisory) Fiona Conroy (Corporate Broking) +44 20 7408 4090 Novella (Financial PR) Tim Robertson/Oliver Norton +44 20 3151 7008 About MTI Wireless Edge Ltd. ("MTI") Headquartered in Israel, MTI is a technology group focused on comprehensive communication and radio frequency solutions across multiple sectors through three core divisions: Antenna division MTI is a world leader in the design, development and production of high quality, state-of-the-art, and cost-effective antenna solutions including Smart Antennas, MIMO Antennas and Dual Polarity Antennas for wireless applications. MTI supplies antennas for both military and commercial markets from 100 KHz to 174 GHz. Internationally recognized as a producer of commercial off-the-Shelf and custom-developed antenna solutions in a broad frequency range, MTI addresses both commerci...
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