27th Apr 2020 18:07
(Alliance News) - Communication and radio frequency solutions firm MTI Wireless Edge Ltd on Monday said it has secured an order for an east China landscape project worth USD300,000.
MTI's Mottech Water Solutions Ltd subsidiary, which provides wireless irrigation control solutions, secured the order. Along with other small orders in April. MTI will end the month with almost USD500 million of orders from China, all of which are set to be delivered by the end of July.
MTI Chief Executive Moni Borovitz said: "We significantly increased our focus on the Chinese market in the last two years with the opening of a local subsidiary. China has become Mottech's fastest growing market and we expect this to continue to be the case and in time become one of its largest markets. It is encouraging therefore to see China re-open for business in April."
Shares in MTI ended 1.7% higher at 35.60 pence in London on Monday.
By Anna Farley; [email protected]
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