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Mottech develops software that helps farmers remotely irrigate and fertilise crops. Photo: Shutterstock (for illustration purposes only)
MTI Wireless Edge Ltd’s (LON:MWE) subsidiary, Mottech Water Solutions Ltd, has secured a contract for its wireless irrigation software in Mozambique, its first in the country.
The telecommunications firm said the contract would be delivered in multiple phases with an initial value of 1mln South African Rand (around £51,422) and an expected total value of up to 5mln Rand (£257,108).
Mottech develops software and systems that help farmers remotely irrigate and fertilise crops, allowing farmers to use resources with greater precision when farming.
MTI said that with 3.9mln hectares of arable land, Mozambique represented an addressable market of over 1bn Rand (£51mln) for Mottech.
The company has operated in neighbouring South Africa for 10 years was working to expand into the commercial farming market through the appointment of service and sales distributors in Mozambique and other countries in the region.
Launce May, chief executive of Mottech South Africa, said the company would continue to invest in developing its direct sales and distributor networks for its irrigation management, water treatment, desalination, and purification systems.Source: Proactive Investors UK
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