MTI Wireless Edge Ltd - Israel-based communication and radio frequency technology company - On Thursday, hails ‘significant’ three-year contract extension by its subsidiary Mottech Water Solutions Ltd, with one of the largest municipalities in Israel. The contract is worth about $1.5 million over the period. MTI Chief Executive Officer Moni Borovitz says: ‘This is another good example of the quality of service we provide for our customers over the long-term and their satisfaction with our services. As we have said before, all new service agreements include price increases and of course add to our recurring revenue streams.’
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