MTI Wireless Edge Ltd. announced that it has secured an agreement for the development and production of Naval antennas with Ultra Electronics TCS Inc. The first phase of the agreement includes the development of two types of antennas and the supply of several units of each, together, worth approximately USD 570,000. These antennas will be supplied within the next 20 months. However, the customer plans to order more antennas if the first order meets all requirements. Consequently, the agreement includes pricing for all future purchases, and if, as expected by MTI, Ultra TCS takes up the option to order further units, the agreement would triple in value.