Micronet Enertec Technologies (NASDAQ: MICT) shares are up 14% in morning trade after the developer of customized military computing products said its Micronet Ltd. (“Micronet”) subsidiary has received an additional purchase order from a current customer valued at approximately $2.1 million for 8,000 units of its TREQ®-317. This recurring order is expected to be fulfilled during the third and fourth quarters of 2017. A prior purchase order from the same customer, a U.S.-based bulk material supply chain solutions company, was announced in March 2017 and was also valued at $2.1 million. “This order puts our MRM division’s backlog at over $11.5 million, the highest in its history. Recurring orders of such magnitude illustrate the strong confidence our customers have in our products. This also demonstrates Micronet’s increasingly favorable performance in the today’s fast changing MRM/Telematics space,” Micronet Enertec Technologies CEO and Chairman David Lucatz 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 MRM market. MICT designs, develops, manufactures and supplies customized military computer-based systems, simulators, automatic test equipment and electronic instruments, addressing the 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 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.
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