Multiple Contract Wins Worth c. US$4m
MTI Wireless Edge Limited has announced a strong period of demand with multiple contract wins totaling approximately US$4 million, with deliveries expected within the next nine months. These orders are spread across all three of the company's divisions, including US$0.6 million for power amplifier solutions, US$2.4 million for military data room and electronic detection solutions and an antenna installation project, US$0.5 million for commercial antennas for RFID and 5G Backhaul, and a US$0.6 million contract for its landscape irrigation solution. The company noted an increased conversion rate of contracts into order intake, enhancing its order book for FY26 and FY27.
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Strong period of demand with orders received across all three divisions with deliveries expected within the next nine months
MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce an above average period of demand with multiple orders recently received, together worth approximately US$4m.
The new contracts include:
- an order totaling US$0.6m for MTI Summit, for the supply of power amplifier solutions to an Israeli defence company;
- three orders totaling US$2.1m for PSK to supply military data room and electronic detection solutions and an antenna installation project to two Israeli defence companies and a further US$0.3m service order for the Israeli Ministry of Defence;
- four orders totaling US$0.5m for commercial antennas for both RFID and 5G Backhaul, predominantly for the Company's ABS® solution; and
- a US$0.6m contract for Mottech for delivery of its landscape irrigation solution to a customer in the Arabian Gulf.
All orders are expected to be delivered by the end of Q1 2027 with the majority being delivered in H2 2026.
MTI's CEO, Moni Borovitz, commented:
"We have experienced another wave of recent orders. In the first half we saw increased demand from the defence sector and in this latest period demand is spread across all three of our divisions. Pleasingly, we are converting a higher proportion of contracts on open bid into order intake. The customers behind this new group of orders are keen to receive the products and solutions required within prompt timeframes, which significantly enhances our order book for FY26 and FY27 and supports the overall growth of the business."
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Antenna division
Water Control & Management division
Distribution & Professional Consulting Services division
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