Significant Mottech contract extension
Mottech secured a three-year contract extension worth approximately $1.5 million with a major Israeli municipality.
- Contract extension value $1.5 million
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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 subsidiary Mottech Water Solutions Ltd ("Mottech") has secured a three-year contract extension with one of the largest municipalities in Israel. The contract extension is worth approximately $1.5 million over the period.
MTI's CEO, Moni Borovitz, commented: "This is another good example of the quality of service we provide for our customers over the long-term and their satisfaction with our services. As we have said before, all new service agreements include price increases and of course add to our recurring revenue streams."
Antenna division
Water Control & Management division
Distribution & Professional Consulting Services division
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