Micronet Enertec Technologies gets USD1.4m in rugged tablet orders

19 May 2014

Micronet Enertec Technologies, Inc. (NASDAQ: MICT) said that its subsidiary Micronet received USD1.4m in orders for its new A317 rugged mobile computing device from a new MRM customer.

The new MRM customer is a leading U.S-based service provider specializing in student transportation solutions, enabling important safety features such as location information, student boarding, and drop-off monitoring and control. This customer estimates that there are approximately 470,000 school buses in the U.S, and they see growing demand for advanced solutions to monitor student and driver safety compliance.

The new Micronet A317 device features a 7″ touch-screen display and is offered in two main product configurations, one is designed to interface with third-party telematics units, while the other is an “all-in-one” device with built-in cellular, GPS, and vehicle engine CAN-bus interfaces. The initial delivery is scheduled to start at the end of the second and third quarters this year, and follow-on orders are expected in 2014 and 2015.

Micronet Enertec Technologies operates through two companies, Enertec Systems 2001 Ltd, its subsidiary, and Micronet Ltd, in which it has a controlling interest. For more information visit: www.micronet-enertec.com.

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