Shares of Micronet Enertec Technologies, Inc. (NASDAQ: MICT) are up 17.66% this morning after the company announced that its Mobile Resource Management (MRM) subsidiary, Micronet Ltd., received a purchase order for its recently released SmartHub-TREQr5 product valued at approximately $3.1 million. The SmartHub-TREQr5 is an innovative ruggedized telematics, Android on-board computer optimized for Internet of Things (IOT) and fleet management applications. The order also includes a $100,000 renewable yearly license for Micronet’s Guardian System Design, a cloud-based SaaS platform. “We are extremely pleased with the significant increase in orders for our new line of products. Micronet is working on expanding its offerings by adding services and developing applications, internally or via third party application providers and value-added resellers (VARs), in order to provide our customers with more comprehensive solutions,” Micronet Ltd. chief executive officer David Markus stated in the news release.
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About Micronet Enertec Technologies, Inc.
Micronet Enertec Technologies, Inc. (NASDAQ: MICT) provides high tech solutions for severe environments and the battlefield, including missile defense technologies for Aerospace & Defense and rugged mobile devices for the growing commercial Mobile Resource Management (MRM) market. MICT designs, develops, manufactures and supplies customized military computer-based systems, simulators, automatic test equipment and electronic instruments, addressing a multi-billion-dollar defense industry. Solutions and systems are integrated into critical systems such as command and control, missile fire control, maintenance of military aircraft and missiles for the Israeli Air Force, Israeli Navy and by foreign defense entities. MICT’s MRM division develops, manufactures and provides mobile computing platforms for the multibillion dollar mobile logistics management market in the U.S., Europe and Israel. American-manufactured systems are designed for outdoor and challenging work environments in trucking, distribution, logistics, public safety and construction. For more information, visit the company’s website at www.micronet-enertec.com.
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