MTI Wi-fi Edge wins marine antenna contract

By Giulia Petroni

MTI Wireless Edge Ltd. announced on Thursday that there was an agreement to develop and manufacture marine antennas for Canada-based Ultra Electronics TCS Inc.

The Israel-based, UK-listed tech company said it will manufacture two types of antennas over the next 20 months, shipping multiple units each for a total value of approximately $ 570,000.

The agreement includes pricing for all future antenna purchases, and if Ultra Electronics TCS exercises the option to order additional units, the value of the transaction would triple, according to the company.

Write to Giulia Petroni at giulia.petroni@wsj.com

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