MTI WIRELESS EDGE LTD.

ADMISSION TO AIM

MTI Wireless Edge Ltd. ('MTI' or 'the Company'), a market leader in the
manufacture of flat panel antennas for fixed wireless broadband, is pleased to
announce that today its shares started to trade on AIM with the ticker 'MWE'.

The Company designs and manufactures flat panel antennas, largely supplied to
the global original equipment manufacturers ('OEMs') of fixed broadband
wireless access systems. These products, originally designed to cope with
requirements of the company's first customers, the military forces, are robust
and high performance. With over 35 years of technical `know-how', flexible high
volume manufacturing capabilities and low failure rates, MTI's antennas now
comprise approximately 25% of the global fixed broadband wireless access
antenna market.

The Company's nominated advisor and broker, Corporate Synergy Plc, placed
approximately 15.4 million new Ordinary Shares at 39 pence per share and the
issue was well supported by investors in the UK, France and Israel. The new
shares represent 28.61% of the share capital of the Company. In addition MTI's
parent company, Tel Aviv listed MTI Computers and Software Services (1982)
Ltd., sold approximately 2.6 million ordinary shares.

The placement and sale raised a total of 7 million, representing 6 million (
5.05 million net) new money to MTI and 1 million to its parent company. At the
placing price MTI had a market capitalisation of approximately 21 million and
a free float at admission of 33%.

MTI CEO Dov Feiner, commented, 'Our IPO today gives us the resources to
strengthen our relationships with our international customer base. The world is
going wireless and all wireless systems rely on quality antennas to perform. In
this fast growing environment we need to protect our share of the fixed
wireless broadband antenna market as well as apply our technology to new
areas.'

For further information please contact:

Moni Borovitz, Finance Director, MTI Wireless Edge Ltd. tel: +972 (0)3 900 8900

David Seal / Luke Ahern, Corporate Synergy Plc tel: +44 (0)20 7448 4400

Rob Newman, Shared Value tel: +44 (0)20 7321 5029

NOTES TO EDITORS:

MTI is a developer and manufacturer of sophisticated antennas and antenna
systems, including antennas that are sold for use in worldwide interoperability
for microwave access ('WiMAX') compliant systems. Antennas transmit and receive
electromagnetic waves wirelessly. The Company produces antennas ranging in
frequency from 100 kilohertz ('KHz') to 40 gigahertz ('GHz'), for both military
and commercial applications and has an international customer base.

MTI's business has grown rapidly in recent years as wireless broadband
technology has increasingly become an established global commodity. Over 80 per
cent of the Company's sales are in the fixed wireless communications market,
predominantly for broadband systems. The directors estimate that the Company
has captured a 25 per cent global market share in the fixed broadband wireless
access ('FBWA') antenna market, largely via a number of leading OEMs who are
MTI's customers.

PRODUCTS

The Company offers more than 200 varieties of antennas for the FBWA market, as
well as antennas for other markets and uses. In 2005 the Company sold more than
220,000 antennas, the overwhelming proportion of which were outdoor flat panel
antennas for the FBWA market. MTI supplies antennas to a large number of
leading providers of wireless broadband connectivity solutions for integration
in their solution offerings, which in turn are sold across developed and
developing countries. The Company's antennas are typically mounted externally
on base stations and end-user premises and act as the enabling technology for
wireless communications for those users.

Wireless technology, which relies on communication antennas, offers many
advantages over traditional fixed line/digital subscriber line ('DSL')
technology, including:

* faster deployment than wired systems (no need to install cable to every
user);

* higher bandwidth;

* satisfying the demand for fundamental data and voice telecom services in
un-served areas where wired infrastructure cannot do so;

* lower upfront capital and maintenance costs (build out can be scaled both
in terms of area coverage and capacity - each installed base station can
support many subscribers);

* it is ideal for developing countries and last mile access in cities;

* true remote working (no need for fixed phone link cabling);

* familiarity: wireless fidelity ('WiFi') is available to consumer lap-tops
and is already user-friendly; and

* multiple services using a single network.

Commercial

The Company specialises in flat panel antennas, principally for fixed wireless
communication and also seeks to apply its technology for use in other markets.

Fixed Wireless Communication

The Company's flat panel antennas incorporate proprietary technology, which is
partly protected by several patents registered in the US and Israel. Other
patents are pending in Europe, Israel, the US and Canada.

In the FBWA market, the Company's antennas are used in systems that provide
wireless broadband data and voice services for subscribers in the last mile.
MTI's antennas can operate in licensed and licence-free bands ranging from 700
megahertz ('MHz') to 18GHz in conformity with industry standards.

In addition to these core products, the Company sells antenna mounting kits and
enclosures which allow OEMs to introduce a low-cost system solution.

Radio Frequency Identification ('RFID')

In 2005, the Company achieved its first sales of antennas for readers for
emerging RFID applications. RFID is a technology used to track assets in a
variety of different applications, including those related to supply chain
management as an alternative to bar code technology. Very small RFID
transponders or tags containing a unique identifier are placed on assets, for
example pallets, cases, or individual items and these tags communicate with the
RFID readers. The Company has recently entered the market for RFID readers,
which use several flat panel antennas. RFID requires very accurate antennas to
support complex logistics management systems. RFID sales accounted for revenue
of $0.15 million in 2005.

Military

The Company has over 35 years experience in developing, designing,
manufacturing, testing and marketing specialised antennas in high frequency to
millimetre wave bands. These antennas are used for a wide range of systems
including communication, communication jamming, signal intelligence, electronic
warfare systems (passive and active) and spectrum monitoring. The Company also
provides a range of antenna arrays for direction finding systems, electronic
surveillance measure antennas for submarines and unmanned aerial vehicles
special antennas.

Military antenna development keeps the Company at the forefront of antenna
technology, strengthening company research and development. The resulting
knowledge is applied to commercial as well as military antenna designs. The
Company's antennas have been installed on various airborne, ground, naval and
submarine applications.

The Company began targeting markets outside Israel several years ago and has
succeeded in penetrating Asia, Europe and North America with several types of
antennas. The Company is also a supplier of military antennas to the Israeli
defence industry and foreign defence establishments. Military sales accounted
for revenue of $1.65 million in 2005.

TECHNOLOGY

The Company's product development expertise is applied to both off-the-shelf
products and contract

engineering, for commercial and military applications.

Materials Engineering

Whilst designing military antennas, MTI's engineering staff developed
significant expertise in identifying and manipulating materials to optimise
antenna function. This expertise enables the Company to use a wide range of
materials in innovative ways to enhance the performance and durability of its
commercial antenna range. It also enables the Company to use less expensive
materials to reduce product costs, while maintaining performance.

High Gain

These antennas amplify relatively weak radio signals, traditionally through
geometric focusing of radio waves by means of a horn or parabolic dish to a
central feed point. The Company has developed innovative means of amplifying
signals that enable it to produce smaller, lower profile antennas with gain
equivalent to traditional parabolic antennas.

Wideband Matching

The Company produces antennas for a wide range of frequencies which can be used
in systems transmitting and receiving on multiple, but not necessarily
contiguous, channels. In addition, wideband antennas enable a standard
off-the-shelf product to be used by service providers transmitting on a wide
range of assigned frequencies.

Development

The Company has control processes in place to track development time and costs
throughout the product development cycle. These controls provide timely warning
of time or cost deviations and allow management to address and correct
potential problems at an early stage.

THE MARKET

COMMERCIAL

Broadband

Maravedis Inc. (WiMAX, NLOS and broadband wireless access (sub 11GHz) worldwide
market analysis 2004-2008 (February 2004)) have forecast that the sub-11GHz
fixed broadband wireless system market, will grow from $430 million in 2003 to
more than $1.6 billion by the end of 2008. MTI believes that on average, the
antenna market is 5-7 per cent of this system market.

Growth of the wireless broadband market is currently driven by demand for
broadband connectivity. Increasing deregulation should open up the
telecommunications / internet access markets to new suppliers. As more
countries enable carriers and service providers to operate on a variety of
frequencies, new broadband access markets are opening. Unlike the built-in
delivery systems of wireline infrastructure to transfer voice and data,
wireless technology requires the use of frequencies contained within a given
spectrum.

Wireless broadband technology offers opportunity and growth potential to
carriers targeting emerging

market sectors, such as small office and / or home office ('SOHO'), small and
medium enterprise ('SME') and many parts of the residential market because of
its bandwidth, low capital and operating costs and the ability to use the
technology to deliver sophisticated data and voice services. Roth Capital (Roth
Capital Partners - WiMAX and the broadband wireless industry (10 February
2005)) have forecast that the WiMAX systems are expected to lead the growth of
the FBWA market from $560 million in 2004 to over $2 billion by 2010, led by
residential and SOHO market segments. The Asia Pacific region is expected to be
the dominant region for WiMAX systems. The Company supplies antennas that are
integrated into WiMAX compliant systems and intends to supply its products for
use in base stations that serve WiMAX compliant mobile devices.

RFID

Firms and retailers ship hundreds of billions of units of goods annually.
Technology analysts believe that RFID may become the tracking methodology of
choice for an increasingly large percentage of that volume.

Frost & Sullivan (world RFID-based applications markets A696-11 (2004)) have
forecast that there should be considerable upside for RFID despite many
companies' reluctance to spend on new initiatives (particularly those involving
new technology). The RFID market has grown at an estimated compound annual
growth rate of 27 per cent since 2000. Frost & Sullivan have forecast that in
2010, the RFID reader market (for all uses) should reach approximately $2
billion.

The RFID system consists of readers and tags. The reader reads the information
on the tag, which stores basic information about an item. The Company has
designed and started to deliver antennas for the reader part of the RFID
solution as it believes that the technological capabilities of its antennas are
well suited for this application. These readers require flat antenna, similar
to the ones developed for the FBWA market and therefore the Company can
manufacture RFID antennas at competitive prices. The market for readers was
estimated by Frost & Sullivan to be 25 per cent of the overall RFID market.

MILITARY

The global military spend is projected by Cobham plc, a UK quoted company, to
increase over the next few years. There are two major reasons for this
increase: first, the expected upgrades of existing command and control systems
and second the introduction of new communications systems.

DIRECTORS

Brief biographical details of each of the directors are set out below:

Zvi Borovitz, Non-executive Chairman (age 67)

Mr Borovitz is the founder of the Company and MTI Computers. Prior to this he
worked at Elta Electronics Industries Ltd., a subsidiary of Israeli Aircraft
Industries, where he gained experience in microwave systems and communications
and was part of the team to develop the first Israeli airborne radar. During
his time at Elta he also managed an airborne electronic warfare programme. Mr
Borovitz has an MS in Electrical Engineering from the Polytechnic Institute of
Brooklyn.

Dov Feiner, Chief Executive Officer (age 49)

Mr Feiner has planned and implemented the Company's entry into the commercial
antenna market. Prior to joining the Company, Mr Feiner served for 12 years in
the research and development division of the Israeli Defence Force. Mr Feiner
holds a B.Sc. in Electrical and Computer Engineering from Ben Gurion
University. Mr Feiner is responsible for the overall management of the Company
and its international and domestic activities.

Moshe Borovitz, Finance Director (age 35)

Mr Borovitz, the son of Zvi Borovitz, is also Co-Chief Executive Officer 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 MBA from Ben Gurion University. Mr Borovitz is
responsible for the Company's financial activities as its finance director,
assisted by a group of professionals.

Hanna Lerman, Non-executive Director (age 33)

Hanna Lerman was Chief Financial Officer of SunGard Business Integration Ltd.,
a subsidiary of SunGard Data Systems Inc., a global leader in software and
processing solutions for financial services, and of Insider - Online Financial
Services Ltd., a provider of online trading services in Israel and North
America. Prior to that Ms. Lerman managed the department of professional
practice at KPMG Israel. Ms. Lerman is a certified public accountant and holds
a B.A. in Economics and Accounting, and an MBA majoring in Finance from Tel
Aviv University.

Frank Lewis, Non-executive Director (age 60)

Frank Lewis is a businessman with over 25 years of experience in both quoted
and private companies. He has held board positions both in the UK and abroad
with rapidly growing, mid-market companies. Quoted companies of which he was
chairman include Lloyds British Testing Plc, an engineering services company,
Jetcam International Holdings Limited, a software company and Yoomedia Plc
(Executive Chairman), an interactive television company. Mr Lewis is a member
of the Institute of Chartered Accountants of England and Wales and is also a
member of The South African Institute of Chartered Accountants.

Stewart Millman MA, FSI, Non-executive Director (age 57)

Mr Millman has over 30 years' experience in finance and the financial markets.
He was an institutional fund manager for 10 years and a corporate financier for
20 years, and held managing director roles at Barclays de Zoete Wedd, NatWest
Markets and HSBC Investment Bank. His corporate finance experience includes
transactions involving major telecoms operators and various IT companies. Since
2002, he has been self-employed, is currently non-executive chairman of
Patsystems plc, a company traded on AIM, and acts as an adviser to, and/or
non-executive director of, various companies in the UK, Israel and elsewhere.

cheers GF.

He might just do it with this one. Way too cheap.

Very heavy buy volume going forward this morning. Price moving up nicely and a tight spread at the moment.

AIM has become the international market of choice for so many foreign-based entities. A keen relationship between the London Stock Exchange and a number of other bourses has seen the number of dual-traded companies multiply over the past few years.

One recent addition to the market is Israeli based MTI Wireless Edge, a profitable company, with a great balance sheet, in a high-growth market space. I believe there is an opportunity for a nine-month return of 55% which makes its shares a buy.

The sophisticated antennas and antenna systems, including the actual antennas designed, manufactured and sold by MTI, are used worldwide for microwave access compliant systems.

The company produces antennas ranging in frequency from 100 kilohertz to 40 gigahertz, for military and commercial applications, boasting an international customer base.

MTIs business has shown remarkable growth in recent years as wireless broadband technology has increasingly become an established global commodity. Indeed, more than 80% of MTIs sales are in the fixed wireless communications market, predominantly for broadband systems.

Wireless technology may have been around for more than a decade, but in reality, it is a market in its infancy. Chip giant Intel, reckons that during 2006, 150m people will become part of the wireless world.

This figure is clearly a stab in the dark, but one thing is certain this year is set to be huge. This stock has been undervalued upon flotation and its prospects have been significantly underestimated. MTI is clearly a company with momentum on its side. It has roughly 25% of the world market and is perfectly placed to build on this, both organically and via acquisition.

At 53p, you are buying a high-tech high-growth stock in a sexy market on an historic earnings multiple of 20.6 and an enterprise earnings multiple of 18.9. Based on my conservative projections, the earnings multiple will fall to just 15.1 in the current year, as EPS of 3.5p is reported.

If we strip out my projected year-end net cash balances of 5.028m, the stock is trading on a current year PE of just 12.27 and is yielding 1.7%.

suggest a forward earnings multiple of 18 provides for a more accurate reflection of this exciting companys prospects. The bottom line is that there lies the possibility of almost 55% upside by the close of 2006, assuming that my forecasts are met. Hence MTI Wireless Edge shares represent a buy at 53p with a year end price target of 82p.

Luke Heron edits the leading smaller company trading website www.WatsHot.com
http://www.thebusinessonline.com/Stories.aspx?StoryId=2C347AE1-EF47-453B-852B-4EDE76831F2B&page=0

Excelent trading update this morning. Just look at these figures in paticular the profit margins, and they are still derd cheap....

FOR IMMEDIATE RELEASE 8 May 2006

TRADING UPDATE: FIRST QUARTER 2006

MTI Wireless Edge Ltd., (ticker: MWE) ('MTI' or 'the Company'), a market leader
in the manufacture of flat panel antennas for fixed wireless broadband, today
announced its summary unaudited results for the three months ended 31 March
2006, its thirteenth consecutive quarter of revenue growth.

Highlights

* Revenues up 31% year on year to US$ 3.4 million (US$ 2.6 million)

* Gross profit up 37% year on year to US$ 1.5 million (US$ 1.1 million) with
gross margin of 43.7% (41.8%)

* Net profits up 46% year on year to US$ 0.6 million (US$ 0.4 million) with
increased net margin of 17.1% (15.4%)

* Basic earnings per share up 31%

* Positive outlook for remainder of 2006 with healthy order book and
opportunity pipeline

* Successful initial public offering and admission to AIM in March 2006 with
offering oversubscribed and raising net proceeds of GB 5 million

* Net cash position of US$ 11.7 million as at 31 March 2006

Financial Summary

(US$ `000s) 1 Jan - 31 March 1 Jan - 31 March

2006 2005

Turnover 3,404 2,592

Gross Profit 1,486 1,084

Operating Profit 600 406

Net Profit 583 398

Basic earnings per 1.65 1.26
share (US Cents)

Dov Feiner, Chief Executive Officer, commented: "MTI continued its strong top
line and earnings momentum in the first three months of the year, with improved
margins at all levels. Our contracted but as yet unfulfilled order book is very
healthy with US$ 3.8 million of committed revenues for the remainder of 2006,
compared to US$ 2.6 million at this stage last year. US$ 3 million of this
current order book is due for completion during the second quarter. We have won
significant new contracts and our forward opportunity pipeline is encouraging.
We sell our products to the world's leading original equipment manufacturers of
wireless broadband systems, and our antennas are now installed in over 130
countries, worldwide.

"The fixed wireless broadband equipment market is estimated to be growing by
more than 40% per year, according to Skylight Research, and therefore presents
an enormous potential for MTI as the world leader in the provision of fixed
broadband wireless antennas. We continue to work hard to develop long-term
business relationships with key partners and customers around the world, as
well as to leverage our market leading position by developing additional
emerging applications such as Radio Frequency Identification (`RFID') antennas
for use in inventory tracking and supply chain management in large warehouses.

"The successful completion of our IPO is a major step for the Company,
providing us with additional capital to pursue our strategic international
expansion and product development whilst, at the same time, helping to raise
our international profile."

For further information, please visit
www.mtiwe.com
or contact:

Dov Feiner (CEO) / Moni Borovitz (CFO) Tel: +972 3 900 8900

Luke Ahern / David Seal - Corporate Synergy Plc Tel: +44 20 7448 4400

Rob Newman - Shared Value Tel: +44 20 7321 5029

About MTI Wireless Edge

MTI designs and manufactures flat panel antennas, largely supplied to
international OEMs of fixed broadband wireless access systems. With over 30
years of technical `know-how', flexible high volume manufacturing capabilities
and low failure rates, MTI's antennas now comprise approximately 25% of the
global fixed broadband wireless antenna market. In addition, the Company has
successfully developed products for new commercial applications as wireless
systems become increasingly prevalent in new markets.

Still being held back by pre float speculators. patience, patience.

Do you realise the price falls today put this back on a forward p/E of only 11.

Its a massive give away.

What's the PE now then, goldfinger?

Stripping out forecast year end balances of cash of over 5million these are trading on a forward P/E of only just over 10.

The drop today is not due to any specific company related matters but the share as been effected like most to the present sell off in the markets.

At this price they are even a bigger bargain.

Picked up 10,000 at 45p. A bargain if ever I saw one !

Yup and come back strongly this afternoon.

Funnily enough this market correction could be excelent timing for MWE as in the past month or so holders have been frustrated by sells from the pre float crowd.

Hopefully they are all out now.

Added a few more of these this morning.

Complete steal, this one.

Also Techinvest recommended this last month so we should have updates to come there.

Just ticked up....NICE.

gf, have you had a look at RCG?

049, yup had a look and it does look very interesting, mind Im not sure how to play things untill we get a clearer picture overall re to the markets in general.

cheers GF.

gf. I agree. I snapped up MWE because they seemed too cheap regardless of market conditions. RCG and TAN are on my watchlist. Do you get Techinvest? Cheers balt.

No but you can see what they have recommended here.....

http://www.techinvest.co.uk/NewBuys.php

cheers GF.

An opportunity as opened up here for non holders to get in.

Trading on a forward P/E (with cash stripped out)of just 10. Way too low for a World Market Leader tech stock.

gf, sorry this slightly off thread but interesting to see that techinvest has no tips on Fuel Cell developers (VLR ITM CMR etc)??

Might be because they fear a bubble?.

cheers GF.