#VELA Vela Technologies Investee Co. – #MTI MTI Wireless Edge – Contract Wins May 7, 2024 – Posted in: Vela Technologies Plc (VELA)

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…

#VELA investee co. #MTI MTI Wireless Edge LTD – 5G Contract Wins September 27, 2023 – Posted in: Vela Technologies Plc (VELA)

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 its Antenna division has received orders from the Indian divisions of two large Original Equipment Manufacturers worth approximately US$0.6 million for its 5G backhaul antenna solution, to be delivered by the end of this year. The orders have been placed by existing customers. Commenting on the orders, Dov Feiner, GM…

#VELA investee co. #MTI MTI Wireless Edge Ltd – Establishment of new subsidiary in India July 21, 2023 – Posted in: Uncategorized, Vela Technologies Plc (VELA)

MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce the establishment of its subsidiary, ‘MTI Wireless Communication India Private Limited’, to cater to the demand for cutting-edge antennas in India’s rapidly evolving 5G cellular market. As a key player in the antenna technology space for over 60 years, MTI has consistently provided innovative and reliable solutions to global clients, including…

Vela Technologies #VELA Investee Company – MTI Wireless Edge – Contract win July 3, 2023 – Posted in: Vela Technologies Plc (VELA)

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 secured a repeat order from a European customer, worth US$1.4 million, for the manufacturing of military antennas. The principal part of the contract relates to manufacturing of an existing product line, with the balance relating to upgrades to the antenna solution. The contract is expected to be delivered…

#VELA Vela Technologies PLC investee co. #MWE MTI Wireless Edge LTD – Final Results for 2022 March 13, 2023 – Posted in: Vela Technologies Plc (VELA)

MTI Wireless Edge Ltd (AIM:MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce its audited results for the year ended 31 December 2022. 2022 Highlights A strong financial performance in 2022 · Delivered revenue growth of 7% to US$46.3m (2021: US$43.2m) · A 12% increase in adjusted EBITDA to US$6.06m (2021: US$5.4m), helped by the economies of scale from the increasing size of the Group…

#VELA Vela Technologies PLC investee co. #MTI MTI Wireless Edge LTD -Proposed appointment of Non-Executive Director February 6, 2023 – Posted in: Vela Technologies Plc (VELA)

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 will be holding its Annual General Meeting (the “AGM”) at 14.00 hrs (London time) on 14 March 2023. The AGM will be held at the offices of Allenby Capital Limited, 5 St Helen’s Place, London, EC3A 6AB for the purpose of: 1. the presentation of the financial reports for…

#VELA Vela Technologies plc- Investee Co. #MTI MTI Wireless Edge Ltd- Q3 2022 Financial Results November 21, 2022 – Posted in: Vela Technologies Plc (VELA)

MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce its financial results for the nine-month period ended 30 September 2022 (the “Period”). Financial highlights · Strong trading during the Period with revenue growth of 8% to $34.8m (2021: $32.1m) · Increased EBITDA, up 14% to $4.58m (2021: $4.03m) · One-off acquisition and depreciation costs led to net profit of $2.74m…

#VELA Vela Technologies plc – Investee Company #MTI Wireless Edge Ltd – Contract Win October 17, 2022 – Posted in: Vela Technologies Plc (VELA)

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 its Antenna division has received orders worth approximately US$0.65 million for its 5G backhaul antenna solution, to be supplied this quarter. The orders are from an existing customer to be deployed in India. MTI’s Antenna division General Manager, Dov Feiner, commented: “We have been waiting for the 5G backhaul market…

#VELA Vela Technologies – Investee Company #MTI MTI Wireless Edge Ltd – Contract Win October 6, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

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 its Antenna division has won a contract worth approximately US$0.6 million from a local customer in Israel. The contract is for the development and delivery of several prototype antennas for defense use, which are to be supplied in the next 12 months. If the prototypes meet the specialist performance criteria,…