18th May 2016 07:58
LONDON (Alliance News) - MTI Wireless Edge Ltd on Wednesday said its Mottech Water Solutions Ltd unit has won a EUR500,000 water management and irrigation contract.
MTI, which makes flat panel antennas for fixed wireless broadband and a wireless irrigation system, said the contract is with an unnamed private company and relates to a transport infrastructure project in Southern Europe due to complete by the end of 2016.
"We are very happy with Mottech's performance since we acquired the company and see this contract win as another milestone in Mottech's strategy of getting involved in large projects," said MTI Chief Executive Dov Feiner.
Shares in MTI were up 5.8% to 20.37 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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