MTI Wireless Edge Limited (LON:MWE), the developer and manufacturer of sophisticated antennas and antenna systems and wireless irrigation solution provider, has today announced that MTI has been included in the Deloitte 2016 Technology Fast 50 Israel rankings. The Deloitte Technology Fast 50 program recognises the 50 fastest growing technology companies in Israel, private or public, based on their percentage revenue growth over 2012 to 2015.
The Board of MTI believes that the revenue increase from Mottech has played a significant role in propelling MTI into Deloitte’s Top 50 fastest growing technology index in Israel. The Board further believes that the 2015 acquisition of Mottech has provided a platform for the Company to diversify from manufacturing into services, with recurring revenues and the potential for continued growth.
Dov Feiner, CEO of MTI Wireless Edge Limited said, “The successful integration of the 2015 Mottech acquisition has propelled MTI Wireless into Deloitte’s 2016 Technology Fast 50 Index. Deloitte recorded revenue growth of 58%. during the period.”
Dov then expressed praise and thanks to his team for this company achievement, and commented that the Mottech acquisition provides a platform for MTI Wireless to diversify from manufacturing into services with recurring revenue, and the potential for continued future growth.
“Making it on the Technology fast 50 shows a deep understanding of the market.” said Shally Tshuva Technology, Media & Telecommunications Industry Leader at Deloitte Israel. “Presenting such growth rates shows that MTI holds the agility needed to prosper in a challenging and dynamic market.”
