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MTI Wireless Edge Ltd - Israel-based communication and radio frequency technology - Says its Distribution & Professional Consulting Services division has secured two orders totalling $850,000, to be delivered in 2022. The orders are from a returning customer for the design and manufacture of portable platforms.
The two orders were won by PSK Wind Technologies Ltd; MTI acquired a 51% stake in PSK in January of this year.
Chief Executive Moni Borovitz comments: ‘We are very pleased with these orders from a key returning customer, demonstrating their ongoing satisfaction with our solutions and services. The orders also further re-affirm the commercial logic of our investment in PSK.’
Current stock price: 63.24 pence each, down 0.4% on Wednesday
12-month change: down 8.4%
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