MTI Wireless Edge receives order from biggest defence client

2nd Sep 2024 08:17

(Sharecast News) - Communications firm MTI Wireless Edge said on Monday that its MTI Summit subsidiary has received a new order from its biggest customer in the defence sector.

MTI Wireless stated it has received an order totalling approximately €2.6m for the delivery of radio frequency components, expected to be fulfilled by the end of 2025.

Chief executive Moni Borovitz said: "This order is the result of the success of our design wins in recent years. It includes several components that were designed by our team as part of a customer's solution and we are now seeing the benefit from this customer's success in the international market."

As of 1135 BST, MTI Wireless shares were up 1.88% at 40.75p.

Reporting by Iain Gilbert at Sharecast.com

Top Risers

Share	Price	Change
Emmerson (EML)	0.675	62.65%
Nostra Terra (NTOG)	0.0425	30.77%
Microsalt (SALT)	97.50	30%
Red Rock Resources (RRR)	0.0425	21.43%
Minoan (MIN)	0.775	19.23%

Top Fallers

Share	Price	Change
Secure Trust (STB)	490.00	-13.43%
Microlise Grp (SAAS)	115.00	-12.21%
Cap-xx (CPX)	0.12	-11.11%
Jersey Oil & Gas plc (JOG)	64.50	-11.03%
Orcadian Engy (ORCA)	6.50	-8.96%

Top By Volume

Share	Price	Volume
Cap-xx (CPX)	0.12	262,256,302
Mosman Oil Gas (MSMN)	0.0385	219,213,540
Tower Resources (TRP)	0.0295	213,299,015
UK Oil & Gas (UKOG)	0.0355	130,865,742
Inspirit Energy (INSP)	0.0032	125,328,281

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.