Moni Borovitz, Finance Director (AIM:MWE) MTI Wireless Edge Interview

In this interview, Zak Mir speaks with Moni Borovitz about the current position of the company.

Moshe Borovitz – Finance Director

Mr Borovitz is also Financial Director of MTI Computers. He was a consultant with Ernst &Young’s Israeli affiliate Kost Forer & Gabbay ,a leading Israeli certified public accountancy firm. Mr Borovitz is a certified public accountant with a B.A. in Computer Science from Tel Aviv University and has an MB A from Ben Gurion University. Mr Borovitz is responsible for the Company’s financial activities as its finance director, assisted by a group of professionals

2017 Highlights

  • Earnings per share increased by 30% to 2.36 US cents (2016: 1.81 US cents)
  • Revenues increased by 13% during the Period to $26.4m (2016: $23.3m)
  • Gross profit increased by 12% during the Period to $9.5m (2016: $8.6m)
  • The Company generated $1.4m of cash from operation (2016: $1.2m)
  • Profit before tax increased by 35% during the Period to $1.6m (2016: $1.2m
  • Shareholder’s equity grew during the Period to $20.1m (31 December 2016: $
  • Dividend of $0.02 per share (2016: $0.01 per share) declared with a scrip

About MTI Wireless Edge

MTI is engaged in the development, production and marketing of high quality, low cost, flat panel antennas for commercial and for military applications. Commercial applications include: WiMAX; wireless networking; RFID readers; and broadband wireless access. With over 40 years’ experience  MTI supplies 100KHz to 90GHz antennas (including directional antennas and omni directional) for outdoor and indoor deployments, including smart antennas for WiMAX, Wi-Fi, public safety, RFID and  base stations and terminals for the utility market. Military applications includes a wide range of broadband, tactical and specialized communications antennas, antenna systems and DF arrays installed on numerous airborne, ground and naval, including submarine, platforms worldwide.

Via its subsidiary, Mottech Water Solutions Ltd (“Mottech”), MTI is also a leading provider of remote control solutions for water and irrigation applications based on Motorola IRRInet state of the art control, monitoring and communication technologies. Mottech, headquartered in Israel, is the global prime distributor of Motorola for the IRRInet remote control solutions serving its customers worldwide through its subsidiaries and a global network of local distributers and representatives. It utilizes over 25 years of experience in providing its customers with remote control and management systems which ensure constant, reliable and accurate water usage, while reducing operational costs and maintenance costly expenses. Mottech activities are focused in the market segments of agriculture, water distribution, municipal and commercial landscape and wastewater and storm water reuse.

 

 


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