MTI Wireless Edge Limited

MTI Wireless enjoying healthy growth as it bags two lucrative new contracts

MTI Wireless Edge Ltd's (LON:MWE) Richard Bennett caught up with Proactive London to update on two recently won new contracts.

Its wireless irrigation control solutions subsidiary, Mottech Water Solutions Ltd, has signed an agreement valued at more than US$3mln for the provision of solutions in the Chinese market, the largest individual order ever received by the group.

Separately, MTI will also deploy a tethered balloon system as part of a US$1.4mln deal for installation and integration support services.

Quick facts: MTI Wireless Edge Limited

Price: £0.31

Market: AIM
Market Cap: £27.37 m

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Capital Network analyst on MTI Wireless Edge's water management acquisition

Capital Network analyst Ed Stacey discusses MTI Wireless Edge Ltd's (LON:MWE) decision to buy a 50% stake in one of the main resellers of its Mottech Water Solution in Australia. The addition of Parkland Australia for up to AU$0.8mln is expected to enhance earnings and offer potential to...

on 06/27/2019

2 min read