Three Contract Wins
PSK subsidiary secures three defence contracts worth approximately US$1.4 million from existing customers.
vs expectations: ahead of internal budgets
- Contract value US$1.4 million
- Delivery in 2025 75% of total value
- Delivery 2026-2027 25% of total value
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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, P.S.K Wind Technologies Ltd. ("PSK"), has secured three contracts from existing local customers for the delivery of defence services and equipment, collectively worth approximately US$1.4 million. 75% of the value of these orders will be delivered in 2025 and the remainder over the period from 2026 to 2027.
MTI's CEO, Moni Borovitz, commented: "We are very pleased to have received these orders which mean PSK's revenue in the first half of the year together with existing backlog for 2025 is now ahead of internal budgets for the current year. Furthermore, we have good visibility on a pipeline of upcoming tenders for PSK which will ensure the business is well-placed for sustained growth over the medium to long-term."
Antenna division
Water Control & Management division
Distribution & Professional Consulting Services division
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.