MTI Wireless Edge secures $3.1m order

Technology firm MTI Wireless Edge's St Petersburg office has received its largest order to date.

MTI Wireless said on Tuesday that the St Petersburg office of MTI Summit had secured a $3.1m order from an unnamed customer, scheduled to be delivered over an 18-month period commencing in the second half of 2022.

Chief executive Moni Borovitz said: "This is an excellent contract win to complete the year, providing our St Petersburg office with great visibility on revenue for the next two years and in addition, it will support our ability to invest in growing this business further."

As of 0900 GMT, MTI Wireless shares were up 3.81% at 78.90p.