Micronet Enertec Technologies (NASDAQ: MICT) is trading 24% higher after the company this morning said Micronet, its mobile resource management subsidiary, received a continuous purchase order from a fleet management solutions provider for its newly released TREQr5 product. TREQr5 is an innovative ruggedized telematics android on-board computer enhanced for Internet of Things (IOT) and fleet management applications. The purchase order is valued at approximately $1,060,000 and the company anticipates fulfillment by the end of Q1 2017. “We are very pleased to continue our momentum and to receive such a significant purchase order from an established customer and to advance development of new and sophisticated applications. Our TREQr5 is gaining momentum and we look for it to be a great complement to our product portfolio thanks to its unique features and flexible architecture,” Micronet CEO Ken Wiesner stated in the news release.
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About Micronet Enertec Technologies, Inc.
Micronet Enertec Technologies, Inc. (NASDAQ: MICT) operates through two primary companies, Enertec Systems 2001 Ltd its wholly-owned subsidiary, and Micronet Ltd., in which it has a controlling interest. Micronet operates in the growing commercial MRM market, mainly in the United States. Micronet designs, develops, manufactures and sells rugged mobile computing devices that provide fleet operators and field workforces with computing solutions in challenging work environments. Enertec operates in the Defense and Aerospace markets and designs, develops, manufactures and supplies various customized military computer-based systems for missile defense systems, command and control and others. The Company’s products, solutions and services are designed to perform in severe environments and battlefield conditions. For more information, please visit: www.micronet-enertec.com
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