MTI Wireless Edge $2.2M Contract Win From Existing Client

15th Jun 2010 07:46

LONDON (Dow Jones)--MTI Wireless Edge Ltd., (MWE.LN), a manufacturer of flat panel antennas for fixed wireless broadband, said Tuesday that it has received a $2.2 million order from an existing client for the development and manufacture of Military antennas. MAIN FACTS: -Deliveries will be over a two year period and $0.5 million is likely to be recognized as revenue in 2010 maintaining the Company's military order book going forward. Shares closed Monday at 13.25 pence. -By Razak Musah Baba, Dow Jones Newswires; +44-20-7842-9275; [email protected] (END) Dow Jones Newswires June 15, 2010 02:46 ET (06:46 GMT)