#VELA Vela Technologies Investee Co. – #MTI MTI Wireless Edge – Contract Wins May 7, 2024 – Posted in: Vela Technologies Plc (VELA) – Tags: antenna, financing, mti, tech, wireless

MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce that it has received three orders totaling approximately US$3m, most of which is to be supplied in the current financial year. 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 the Group’s antenna division for military antennas from an Israeli system house.

Commenting on the orders, Moni Borovitz, CEO, 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. We continue to deliver the latest technology and quality of service for our clients, and as defence spending continues to increase worldwide, we expect to see further contracts materialize.”

For further information please contact: