MTI Wireless Edge Secures Significant Contract Extension for Mottech

MTI Wireless Edge ( (GB:MWE) ) just unveiled an announcement.

MTI Wireless Edge Ltd announced that its subsidiary, Mottech Water Solutions Ltd, has secured a three-year contract extension worth approximately $1.5 million with a major municipality in Israel. This extension underscores the company’s commitment to providing high-quality services and contributes to its recurring revenue streams, enhancing its market position in the water control and management sector.

More about MTI Wireless Edge

MTI Wireless Edge Ltd, headquartered in Israel, is a technology group specializing in communication and radio frequency solutions across various sectors. The company operates through three core divisions: the Antenna division, which provides advanced antenna solutions for both military and commercial markets; the Water Control & Management division, which offers remote control and monitoring solutions for water and irrigation applications through its subsidiary Mottech Water Solutions Ltd; and the Distribution & Professional Consulting Services division, which provides consulting and marketing services in RF and Microwave solutions.

YTD Price Performance: 23.30%

Average Trading Volume: 184,622

Technical Sentiment Signal: Strong Sell

Current Market Cap: £44.39M

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