23rd Sep 2019 12:22
(Alliance News) - MTI Wireless Edge Ltd on Monday said it secured a USD1 million military antenna supply contract with an existing customer.
The communication and radio frequency solutions provider said it will supply the unnamed European customer with the antennas for the next 15 months.
Dov Feiner, general manager of the firm's antenna division, said: "We are delighted to win this order from an existing customer. We continue to see strong sales interest in our current portfolio of antennae products across the whole frequency spectrum.
"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."
Last week, MTI said its consulting and representation division unit, MTI Engineering Ltd, inked a 16-month, USD1 million Hi-Power Microwave Terminations supply deal with an Israeli customer.
Shares in MTI were broadly flat at 30.00 pence each in London on Monday afternoon.
By Eric Cunha; [email protected]
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