3rd Oct 2019 11:56
(Alliance News) - MTI Wireless Edge Ltd on Thursday said it has secured several orders, which in total are valued at just over USD1 million, for the supply of military antennas to an existing Israeli customer.
The communications technology company said the majority of these orders will be supplied by its Antenna division over the next 12 months.
"We are delighted to have secured these orders, which come from an existing customer and are for several naval projects," said MTI's Antenna division General Manager Dov Feiner.
"We also continue to invest in the commercialization of 5G backhaul solutions which we expect will drive sales growth as mobile phone operators roll out their 5G networks globally," added Feiner.
MTI Wireless Edge shares were trading 0.4% higher in London on Thursday at 31.32 pence each.
By Evelina Grecenko; [email protected]
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