Business Overview

MTI's Strategy

To provide bespoke technology solutions for governments and leading corporations, through MTI’s proven record of being the “first to develop” approach, using the Group’s own intellectual property and licensed technology from leading partners.

Having in place, a strong, committed and experienced management team (who together own over 30% of the Company’s shares) enables MTI to be a nimble operator and take advantage of market trends. Currently, MTI’s technologies are used to address: Demand for next generation 5G networks; global water scarcity; and increased defence budget spending.

To utilise a scalable and risk adjusted business model, and seek to expand the business through a mix of acquisition-led and organic growth.

Ultimately, to generate attractive returns through a mix of capital and dividend income growth whilst maintaining a strong balance sheet.

Organic Growth Drivers

Organic growth is, and continues to be, a prime driver of MTI’s success, reflecting the underlying strength of the business.

The main drivers of organic growth are:

  1. Substantial demand potential from mobile operators to progress their 5G network upgrades. With unique Flat and Parabolic Antennas, alongside a Dual Band solution, MTI is ideally placed to benefit significantly as a leading supplier of 5G backhaul antennas.
  2. Global water usage is outpacing the growth in the world’s population, at the same time as the impacts of climate change are making fresh water supply even less predictable and reliable. Thus demand for water management systems is rapidly increasing.
  3. Increased defense budget spending. Israel is a natural incubator for new defense technologies and MTI has significant defense connections. MTI also has a strong presence in India, which MTI’s customers are using to conform to India’s Defense Offset Guidelines which dictate, in general, that 30% of any defense contract must be completed in India.

The combination of these factors ensures that MTI is ideally positioned to grow going forward.

Expansion by Aquisition

All of the sectors in which MTI operates are fragmented, made up of large numbers of smaller companies and value added resellers. This has created the opportunity for MTI to act as a consolidator.

During the past decade MTI has successfully completed five acquisitions which collectively have significantly increased the revenues and profitability of the Group.

MTI’s acquisition strategy is highly selective and targets earnings enhancing acquisitions that fit strategically and add to MTI’s capabilities and drive group-wide efficiencies, with each transaction structured to incentivize management teams, whilst protecting MTI on the down-side.

Financial Track Record


Revenue increased in 7% in 2022 to $46.3m

Adjusted EBITDA

Adjusted EBITDA increased 12% to $6.06m

Net Cash

Net cash of $8.1m as at 31 December 2022

Earnings per Share

Earnings per share increased 3% to
4.21 US Cents (2021: 4.07 US Cents)


Increased dividend by 7% to 3.0 US Cents per share (2021: 2.8 US Cents)


Shareholders’ equity grew to $26.8m as at 31 December 2022 (31 December 2021: $25.9m)

Contact Us

    MTI Group Headquarters

    11 Hamelacha St. Afek Industrial Park
    Rosh-Ha’Ayin, Israel 4809121
    Tel: +972-3-9008900
    Fax: +972-3-9008901

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