Highlights

2012 Highlights

·         Net profit, excluding one off litigation provision, increased to $110K (2011: $38k)

·         Revenues decreased 14% to $12.7m (2011: $14.7m)

·         Strong demand for new product line in 80Ghz – growth of 300% in 2012 to $1m in revenues

·         Gross profit decreased 13% to $4.4m (2011: $5.1m)

·         IP Litigation brought against the Company in 2005 concluded in settlement representing a cost of $300K to the Company, provisioned in Q1 2012

·         Cash generated from operation $0.4m, compared with use of cash for operation of $0.2m in 2011

·         Net cash, cash equivalents and marketable securities at the year-end of $7.15m, equivalent to 8.7 pence per share

·         Net value of offices of $3.2m, equivalent to 3.9 pence per share declared

MTI Wireless Edge Ltd. is incorporated in Israel under the laws of Israel. Its head office is located in Israel. As the rights of the shareholders of MTI Wireless Edge are governed by Israeli Law , they may differ from the rights of shareholders in an English incorporated company.

The information on this web site is disclosed pursuant to Rule 26 of the AIM Rules for Companies