Micronet Enertec Awarded Contracts Totaling $1,200,000 in Aerospace & Defense

MONTVALE, N.J., Aug. 7, 2017 /PRNewswire/ -- Micronet Enertec Technologies, Inc. (NASDAQCM: MICT), announced today that its wholly-owned subsidiary, Enertec Systems 2001 Ltd., was recently awarded two purchase orders for an aggregate amount of $1,200,000 from a current customer, a large global Aerospace & Defense contractor.

One purchase order, in the amount of $820,000, is for the development of a fully ruggedized, weather proofed military computer-based system for naval use. The other purchase order, from the same contractor, in the amount of $380,000, is for the development of a computer-based test and simulation system designed to ensure the combat readiness of a critical military system.

"This order comes from one of our largest customers. Enertec's ability to consistently deliver sophisticated, high-precision solutions that demonstrate reliably high performance, even in the most rugged environments, is driving the large number of new contracts we receive from current satisfied customers," stated David Lucatz, Chairman and CEO of Micronet Enertec Technologies Inc.  

About Micronet Enertec Technologies, Inc.

Micronet Enertec Technologies, Inc. (NASDAQCM: 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 Mobile Resource Management (MRM) market. MICT designs, develops, manufactures and supplies customized military computer-based systems, simulators, automatic test equipment and electronic instruments, addressing a multi-billion-dollar 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 multibillion dollar 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.

SOURCE Micronet Enertec Technologies, Inc.