MONTVALE, N.J., April 8, 2019 /PRNewswire/ -- MICT, Inc.
(Nasdaq: MICT), (the "Company"), announced today that Micronet
Ltd., has received two purchase orders totaling $1,300,000 to supply and deliver its 4th
generation SmartHub hardware platform. Micronet Ltd., an entity in
which MICT has an ownership stake of approximately 39.53%, received
the purchase orders from a leading U.S. telematics service
provider, and a current Micronet customer.
The 4th generation SmartHub hardware platform is a rugged
Android™-based fix-mount on board computer, offering advanced
functionality at a competitive price. Installed in the driver's
cabin, the SmartHub hardware platform enables monitoring and
management of vehicle fleets including Android™-based advanced
computing assignments such as follow-up of tasks, two-way
communication with the fleet manager, remote vehicle and
engineering equipment diagnostics, monitoring behavior, and
drivers' hours of services.
"New orders from current customers are the best testament of
Micronet's valuable solutions in the Mobile Resource
Management (MRM) market. Micronet's latest technologies,
including its next-generation SmartHub, are finding traction with
customers that are leaders in the industry. We are also pleased to
see Micronet's customers signing on for its annual SaaS based
services, which generate annual recurring revenue for Micronet,"
stated MICT's CEO David Lucatz.
About MICT, Inc.
MICT, Inc. (Nasdaq: MICT), via
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.
For more information please visit: www.mict-inc.com.
Forward-looking Statements
This press release contains express or implied forward-looking
statements within the Private Securities Litigation Reform Act of
1995 and other U.S. Federal securities laws. These forward
looking statements include, but are not limited to, those
statements regarding its belief that new orders from current
customers are the best testament to Micronet's valuable solutions
in the MRM market, that Micronet's latest technologies are finding
traction with its customers and that Micronet's SaaS based services
generate annual recurring revenue. Such forward-looking statements
and their implications involve known and unknown risks,
uncertainties and other factors that may cause actual results or
performance to differ materially from those projected. The
forward-looking statements contained in this press release are
subject to other risks and uncertainties, including those discussed
in the "Risk Factors" section and elsewhere in the Company's annual
report on Form 10-K for the year ended December 31, 2018 and in subsequent filings with
the Securities and Exchange Commission. Except as otherwise
required by law, the Company is under no obligation to (and
expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
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SOURCE MICT, Inc.