MONTVALE, N.J., June 3, 2019 /PRNewswire/ -- MICT, Inc.
(Nasdaq: MICT) (the "Company"), announced that on June 2, 2019, Micronet Ltd. announced that on
May 31, 2019 it received two purchase
orders totaling $1,000,000 for the
supply and delivery of its TREQ VMX platform. Micronet Ltd., an
entity in which MICT has a voting stake of approximately 39.53%,
received the purchase orders from a leading U.S. telematics service
provider and a current Micronet customer.
The TREQ VMX platform is a rugged portable mobile date terminal,
installed in the driver's cabin, which enables the monitoring and
management of a vehicle fleet.
"This order, from one of our valued customers, joins previous
orders received by Micronet as announced last week and in
April 2019, which are valued at
$2,600,000 in the aggregate. We are pleased with the
positive momentum that Micronet is showing and look forward to the
release of its next generation line of products later this year,"
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 the positive momentum that Micronet is showing and the
timing of the release of Micronet's next generation line of
products. 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.