MICT, Inc. Subsidiary Micronet, Inc. Secures Certification to Operate Its Smart Camera Product on T-Mobile’s Global Mobile ...
MICT, Inc. (Nasdaq: MICT), (the "Company"), today announced
that on April 23, 2021 its majority-owned Micronet subsidiary
secured certification to operate its smart camera product on
T-Mobile’s global mobile network.
The Company further announced that the T-Mobile
certification gives Micronet the ability to advance its sales
process with two significant potential customers to launch video
telematics offerings. The Company expects this certification to
further facilitate additional Micronet sales advancement with
“The certification of Micronet’s mobile smart
camera to operate on T-Mobile’s network, which is one of the
largest in the US, is an important advancement for Micronet as it
validates the technology with one of the world’s leading mobile
networking providers,” said Darren Mercer, MICT’s Chief Executive
Officer. “We continue to see incremental success resulting from our
investment in Micronet and look forward to continued execution on
The Micronet SmartCam is unique and cutting-edge
all-in-one video telematics device operated on the Android
platform. The rugged and ready-to-go smart camera supports a
complete set of telematics features designed for in-vehicle use.
Coupled with a vehicle-connected interface, state of the art
diagnostic abilities and two cameras, the Micronet SmartCam offers
video, analytics and telematics services, addressing safety,
vehicle health and tracking needs for operators of vehicle
About MICT, Inc.MICT, Inc.
(NasdaqCM: MICT) operates through its subsidiaries, GFH
Intermediate Holdings Ltd ("GFHI") and its various fully owned
subsidiaries or VIE structures. And Micronet. GFHI's versatile
proprietary trading technology platform is designed to serve a
large number of high growth sectors in the global fintech space.
Primary areas of focus include online brokerage for equities
trading and sales of insurance products in several high-growth
foreign markets including Asia where GFH owns a substantial
propriety database of users. Micronet operates in the growing
telematics and commercial Mobile Resource Management (MRM) market,
mainly in the United States and Europe. Micronet designs, develops,
manufactures and sells mobile computing solutions that provide
fleet operators and field workforces with computing solutions in
challenging work environments.
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, our expectations about receiving orders for our
products in the future, statements regarding our business and
operations, statements regarding SmartCam, our expectations
regarding the global logistics and transportation telematics
industry growth, and the belief that a majority stake in Micronet
will leverage our global platform to grow the telematics business.
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, 2019 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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