#VELA investee co. #ENSI EnSilica PLC – Announcement by SIAE Microelettronica re. Contract September 27, 2024 – Posted in: Vela Technologies Plc (VELA)

EnSilica, a leading chip madker of mixed signal ASICs (Application Specific Integrated Circuits), notes the following press announcement released today by SIAE Microelettronica regarding the contract announced by EnSilica on 2 September 2024: “SIAE MICROELETTRONICA, a leading provider of innovative microwave radio and wireless network solutions, has selected EnSilica, a leading turnkey supplier of mixed signal ASICs and SoCs, to assist the design of Application-Specific Integrated Circuits (ASICs) for its next-generation telecommunication infrastructure products. …

#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 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…

#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 Vela Technologies PLC investee Co. #ENSI Ensilica PLC – $2.4m contract secured with existing customer April 3, 2023 – Posted in: Vela Technologies Plc (VELA)

EnSilica, a leading mixed signal chip maker, is pleased to announce that it has secured a contract with an existing European based customer for approximately $2.4 million (‘the Contract’). This most recent award with a longstanding EnSilica customer follows a period of strong new business momentum over the last four months, with contracts announced and others secured by the Company since 30 November 2022 totalling approximately $13.5 million and underpinning current market expectations. The Contract,…

#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 – Quarterly Investment Update February 10, 2023 – Posted in: Vela Technologies Plc (VELA)

The Board of Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to report an update for the quarter ended 31 December 2022. Executive Director, James Normand, commented: “I am pleased to report that Vela’s gross asset value increased by 8.3% during the quarter ended 31 December 2022. This was largely attributable to a rise in the quoted price for EnSilica’s shares in this period, which we believe…

#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…