MTI Wireless Edge secures orders with Israeli customers

7th May 2024 11:06

(Sharecast News) - Technology group MTI Wireless Edge has received three orders totalling approximately $3.0m, most of which will be supplied in the current financial year.

MTI Wireless Edge said on Tuesday that two of the orders were received by PSK, part of the group's MTI Summit division, from two Israeli customers for the provision of services and installation of systems, with the other order being received by its antenna division for military antennas from an Israeli system house.

Chief executive Moni Borovitz said: "We are very pleased to receive these significant orders which demonstrate the ongoing demand and trust in our services from the Israeli government, who is the end user of the systems and represents PSK's largest client.

"The order received by our antenna division also demonstrates customer satisfaction with its products, as the customer has issued a repeat order."

As of 1545 BST, MTI shares were up 4.26% at 43.79p.

Reporting by Iain Gilbert at Sharecast.com