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MTI Wireless Edge Limited
21 July 2023
Reach non-regulatory announcement*
21 July 2023
MTI Wireless Edge Ltd
("MTI" or the "Group")
Establishment of new subsidiary in India
MTI Wireless Edge Ltd (AIM: MWE), the technology group focused
on comprehensive communication and radio frequency solutions across
multiple sectors, is pleased to announce the establishment of its
subsidiary, 'MTI Wireless Communication India Private Limited', to
cater to the demand for cutting-edge antennas in India's rapidly
evolving 5G cellular market.
As a key player in the antenna technology space for over 60
years, MTI has consistently provided innovative and reliable
solutions to global clients, including leading telecom operators
and enterprises. The launch of MTI Wireless Communication India
strengthens the Group's commitment to the Indian market and
empowers local businesses to harness the full potential of 5G
technology.
MTI Wireless Communication India will offer an extensive range
of antenna solutions specially designed for 5G networks.
"We are thrilled to establish MTI Wireless Communication India
Private Limited and contribute to India's ambitious 5G journey. We
are eager to continue to support India's telecom operators,
enterprises, and industries in deploying high-performance 5G
networks across the nation" said Moni Borovitz, CEO of MTI Wireless
Edge Ltd.
For more information about MTI Wireless Communication India
Private Limited and our 5G antenna solutions, please visit
https://www.mtiwe.com .
For further information please contact:
MTI Wireless Edge Ltd +972 3 900 8900
Moni Borovitz, CEO http://www.mtiwirelessedge.com
Allenby Capital Limited (Nomad and Joint
Broker)
Nick Naylor/Alex Brearley/Piers Shimwell
(Corporate Finance)
Amrit Nahal/ Jos Pinnington (Sales and
Corporate Broking) +44 20 3328 5656
Shore Capital (Joint Broker)
Toby Gibbs/Rachel Goldstein(Corporate
Advisory) +44 20 7408 4090
Novella (Financial PR)
Tim Robertson/Safia Colebrook +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 commercial and military
applications.
MTI supplies directional and omnidirectional antennas for
outdoor and indoor deployments, including smart antennas for 5G
backhaul, Broadband access, public safety, RFID, base station and
terminals for the utility market.
Military applications include a wide range of broadband,
tactical and specialized communication antennas, antenna systems
and DF arrays installed on numerous airborne, ground and naval,
including submarine, platforms worldwide.
Water Control & Management Division
Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), MTI
provides high-end remote control solutions for water and irrigation
applications based on Motorola's IRRInet state-of-the-art control,
monitoring and communication technologies.
As Motorola's global prime-distributor Mottech serves its
customers worldwide through its international subsidiaries and a
global network of local distributors and representatives. With over
25 years of experience in providing customers with irrigation
remote control and management, Mottech's solutions ensure constant,
reliable and accurate water usage, increase crops quality and
yield, while reducing operational and maintenance costs providing
fast ROI while helping sustain the environment. Mottech's
activities are focused in the market segments of agriculture, water
distribution, municipal and commercial landscape as well as
wastewater and storm-water reuse.
Distribution & Professional Consulting Services Division
Via its subsidiary, MTI Summit Electronics Ltd., MTI offers
consulting, representation and marketing services to foreign
companies in the field of RF and Microwave solutions and
applications including engineering services (including design and
integration) in the field of aerostat systems and the ongoing
operation of Platform subsystems, SIGINT, RADAR, communication and
observation systems which is performed by the Company. It also
specializes in the development, manufacture and integration of
communication systems and advanced monitoring and control systems
for the Government and defence industry market.
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END
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July 21, 2023 02:00 ET (06:00 GMT)
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