01273 704473

info@novuscomms.com

01273 704473

info@novuscomms.com

#VELA investee co. #ENSI EnSilica PLC – Awarded initial mandate for telecoms ASIC December 22, 2023 – Posted in: Vela Technologies Plc (VELA)

EnSilica (AIM: ENSI), a leading chip maker of mixed-signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has entered into an exclusive and binding Letter of Intent for the development and supply of a high-end ASIC for use in telecommunications infrastructure (the “Agreement”), with work commencing next month.   The Agreement has been awarded by an established telecommunications equipment supplier and provides for the commencement of the ASIC specification and then design…

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#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…

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#VELA investee co. #MTI Wireless Edge LTD – Interim Results August 15, 2023 – 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 today announce its financial results for the six month period ended 30 June 2023.   ‘Significant improvement in Operating Cashflow – a steady performance and on track for the year’ Financial highlights ·    Revenues broadly level at US$22.4m (H1 2022: US$22.7m), held back by adverse currency translation.  On a constant currency basis…

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#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…

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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…

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#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…

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#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…

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#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,…

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