6th Nov 2019 11:27
(Alliance News) - MTI Wireless Edge Ltd on Wednesday said Ginat Wave India Pvt Ltd, its offset manufacturing company in India, has secured an order totalling EUR1.5 million for the supply of cable harnesses.
The antennas and wireless applications provider said the order is to be supplied over five years to an undisclosed returning European customer.
"This is another large scale order received by Ginat," said Ariel Melamed, chief executive of Ginat.
"We look forward to further developing Ginat and becoming a significant manufacturer in the MTI Group as the demand for offset manufacturing in our business space in India is huge," added Melamed.
MTI Wireless Edge shares were trading 1.8% higher on Wednesday in London at 34.60 pence each.
By Evelina Grecenko; [email protected]
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