16 February 2018
MTI Wireless Edge Ltd
("MTI" or the "Company")
Posting of circular and Scrip Dividend Election Form
Further to the Company's 'Final Results' announcement released earlier today, in which reference was made to the scrip dividend alternative (the "Scrip Dividend Alternative") that MTI is offering to shareholders in respect of the final dividend for the year ending 31 December 2017, the Company announces that the circular (the "Circular") setting out the terms of and explaining the instructions for taking up the Scrip Dividend Alternative has now been posted to shareholders.
The Circular is available on the Company's website - www.mtiwe.com.
An electronic version of MTI's audited annual report and accounts for the year ended 31 December 2017 is available on the Company's website - www.mtiwe.com
For further information please contact:
MTI Wireless EdgeDov Feiner, CEOMoni Borovitz, Financial Director |
http://www.mtiwe.com/+972 3 900 8900 |
Allenby Capital Limited (Nomad and Joint Broker)Nick NaylorAlex Brearley |
+44 20 3328 5656 |
Peterhouse Corporate Finance Limited (Joint Broker)Lucy WilliamsEran Zucker |
+44 20 7469 0930 |
About MTI Wireless Edge
MTI is engaged in the development, production and marketing of high quality, low cost, flat panel antennas for commercial and for military applications. Commercial applications include: WiMAX; wireless networking; RFID readers; and broadband wireless access. With over 40 years' experience MTI supplies 100KHz to 90GHz antennas (including directional antennas and omni directional) for outdoor and indoor deployments, including smart antennas for WiMAX, Wi-Fi, public safety, RFID and base stations and terminals for the utility market. Military applications includes a wide range of broadband, tactical and specialized communications antennas, antenna systems and DF arrays installed on numerous airborne, ground and naval, including submarine, platforms worldwide.
Via its subsidiary, Mottech Water Solutions Ltd ("Mottech"), MTI is also a leading provider of remote control solutions for water and irrigation applications based on Motorola IRRInet state of the art control, monitoring and communication technologies. Mottech, headquartered in Israel, is the global prime distributor of Motorola for the IRRInet remote control solutions serving its customers worldwide through its subsidiaries and a global network of local distributers and representatives. It utilizes over 25 years of experience in providing its customers with remote control and management systems which ensure constant, reliable and accurate water usage, while reducing operational costs and maintenance costly expenses. Mottech activities are focused in the market segments of agriculture, water distribution, municipal and commercial landscape and wastewater and storm water reuse.
