MTI Wireless Edge Limited Product representation and distribution agreement
September 07 2017 - 1:01AM
RNS Non-Regulatory
TIDMMWE
MTI Wireless Edge Limited
07 September 2017
07 September 2017
MTI Wireless Edge Ltd
("MTI" or the "Company")
Product representation and distribution agreement
MTI Wireless Edge Ltd (AIM: MWE), a market leader in the
manufacture of flat panel antennas for fixed wireless broadband and
a wireless irrigation solutions provider, announces that its wholly
owned subsidiary, Mottech Water Solutions Ltd ("Mottech"), a leader
in remote control solutions for water and irrigation applications
and the global prime distributor of Motorola for the IRRInet remote
control solution, has entered into a product representation and
distribution agreement with Bermad Italy s.r.l ("BIT") for the
distribution of its solutions in Italy and Morocco. Bermad is a
best-in-class manufacture, sales and marketing organization that is
deeply involved in the agriculture and water distribution valves
markets with 800 employees, 12 subsidiaries and a global presence
in 132 countries. BIT will be Mottech's exclusive representative in
the agriculture and water distribution markets in Italy and for the
entire market in Morocco.
"Everyone at BIT is very excited about bringing on Mottech's
product line" said Luis Zelman, General Manager of Bermad Europe.
"Mottech IRRinet is a best-in-class solution for wireless control
solutions for water and irrigation applications with a proven track
record and a superior product. It makes a great addition to our
offering, providing our customers with even more solutions." added
Michele Suzzi, country manager of BIT.
"We are pleased to bring on a high quality organization like
Bermad to extend the reach of Mottech's salesforce" said Dov
Feiner, Chief Executive Officer of MTI. "Beyond the obvious
increase in revenues, this agreement represents a strategic move,
helping us further develop the Italian market and introducing a new
territory, Morocco, in which we do not currently work and is a
first entry into the North African market" added Dov Feiner.
For further information please contact:
MTI Wireless Edge Ltd http://www.mtiwe.com/
Dov Feiner, CEO +972 3 900 8900
Moni Borovitz, Financial Director
Nomad and Joint Broker
Allenby Capital Limited
Nick Naylor
Alex Brearley +44 20 3328 5656
Joint Broker
Peterhouse Corporate Finance Limited
Lucy Williams
Eran 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
military applications. Commercial applications include: WiMAX,
Wireless Networking, RFID readers &, Broadband Wireless Access.
With over 40 years' experience of supplying antennas 100KHz to
90GHz, including directional antennas and Omni directional for
outdoor and indoor deployments including Smart Antennas for WiMAX,
Wi-Fi, Public Safety, RFID and for Base Stations and Terminals -
Utility Market. Military applications include 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, MTI is also a
leading provider of remote control solutions for water and
irrigation applications based on Motorola's 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's activities are focused in the market
segments of agriculture, water distribution, Municipal and
Commercial Landscape and Wastewater and Storm water Reuse.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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