6th Jan 2014 08:51
LONDON (Alliance News) - MTI Wireless Edge Ltd Monday said its revenues for 2013 will be slightly ahead of market expectations, as it also revealed it had got a USD1 million order from a major customer of its commercial division for delivery in 2014.
The Aim-listed maker of antennas and antenna systems didn't give any further details of the contract.
'We continue to make good progress on all fronts and our order pipeline for 2014 - and into 2015 - is looking strong. The outlook for the Group remains positive and it is very exciting to be delivering revenues for 2013 which are slightly ahead of expectations," Chief Executive Dov Feiner said in a statement.
MTI Wireless shares were up 22.6% at 8.7375 pence early Monday, one of the biggest gains on the main London market.
By Steve McGrath; [email protected]; @SteveMcGrath1
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