LONDON, UK: MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on complete communication and radio frequency options throughout a number of sectors, has disposed of its Russian operations.
Following the MTI board’s decision to exit the Company’s enterprise unit in Russia, as stated earlier this month within the annual report for the year ended 31 December 2021, the Company has sold its holding in its operation in Russia for a de minimus amount. The purchaser is the general supervisor of the Russian operations.
The MTI board doesn’t expect this sale to have any significant profit/loss impact on MTI.
Headquartered in Israel, MTI is a technology group focused on complete communication and radio frequency options throughout a number of sectors through three core divisions:
Antenna Division
MTI is a world chief within the design, development and manufacturing of excessive quality, state-of-the-art, and cost-effective antenna options together with Smart Antennas, MIMO Antennas and Dual Polarity Antennas for wi-fi applications. MTI provides antennas for each military and commercial markets from 100 KHz to 174 GHz.
Internationally acknowledged as a producer of commercial off-the-Shelf and custom-developed antenna options in a broad frequency range, MTI addresses each commercial and military applications.
MTI provides directional and omnidirectional antennas for outdoor and indoor deployments, together with smart antennas for 5G backhaul, Broadband access, public safety, RFID, base station and terminals for the utility market.
Military applications include a variety of broadband, tactical and specialised communication antennas, antenna systems and DF arrays put in on quite a few airborne, floor and naval, together with submarine, platforms worldwide.
Water Control & Management Division
Via its subsidiary, Mottech Water Solutions Ltd (“Mottech”), MTI provides high-end distant management options for water and irrigation applications based on Motorola’s IRRInet state-of-the-art control, monitoring and communication technologies.
As Motorola’s global prime-distributor Mottech serves its customers worldwide through its worldwide subsidiaries and a global community of native distributors and representatives. With over 25 years of expertise in offering customers with irrigation distant management and management, Mottech’s options guarantee constant, dependable and correct water usage, increase crops excessive quality and yield, whereas reducing operational and upkeep prices offering quick ROI whereas serving to maintain the environment. Mottech’s actions are focused within the market segments of agriculture, water distribution, municipal and commercial panorama in addition to wastewater and storm-water reuse.
Distribution & Professional Consulting Services Division
Via its subsidiary, MTI Summit Electronics Ltd., MTI offers consulting, illustration and marketing services to foreign companies within the field of RF and Microwave options and applications together with engineering services (including design and integration) within the field of aerostat systems and the ongoing operation of Platform subsystems, SIGINT, RADAR, communication and observation systems which is carried out by the Company. It additionally specializes within the development, manufacture and integration of communication systems and superior monitoring and management systems for the Government and defence industry market.
www.mtiwirelessedge.com