MTI Wireless Edge Ltd. (the "Company")
Statement re: Share Price Movement
The Company notes the recent fall in its share price. The Company knows no
reason for this fall and confirms that trading remains in line with current
market expectations as announced at the time of its 1st quarter results on 8
May 2006.
For further information, please visit www.mtiwe.com or contact:
Dov Feiner (CEO) / Moni Borovitz (CFO) Tel: +972 3 900 8900
Luke Ahern / David Seal - Corporate Synergy Plc Tel: +44 20 7448 4400
Rob Newman - Shared Value Tel: +44 20 7321 5029
About MTI Wireless Edge Ltd.:
MTI designs and manufactures flat panel antennas, largely supplied to
international OEMs of fixed broadband wireless access systems. With over 30
years of technical `know-how', flexible high volume manufacturing capabilities
and low failure rates, MTI's antennas now comprise approximately 25% of the
global fixed broadband wireless antenna market. In addition, the Company has
successfully developed products for new commercial applications as wireless
systems become increasingly prevalent in new markets.