MTI Wireless Edge gets two orders totalling $1.6m

Communications and radio frequency technology company MTI Wireless Edge announced on Monday that its distribution and professional consulting services division has secured two orders worth a total of $1.6m.

The AIM-traded firm said the orders, which were for $0.8m each, were received by PSK and MTI Summit, and would be delivered in 2022.

“We are very pleased with these orders from returning customers, demonstrating once again our customers' satisfaction from our solutions and services,” said chief executive officer Moni Borovitz.

“The order received by PSK is from its key customer and we are happy to see that PSK's business continues in line with our expectations.

“We are working diligently on the integration of PSK into MTI and see good progress here.”

At 1144 GMT, shares in MTI Wireless Edge were up 0.55% at 68.88p.