Micronet Enertec Technologies, Inc. Receives Orders for Recently Launched Rugged Tablets from New Mobile Resource Management Customers

MONTVALE, N.J., April 11, 2014 /PRNewswire/ -- Micronet Enertec Technologies, Inc. (NASDAQCM: MICT), a developer and manufacturer that integrates and globally markets rugged computers, tablets and computer-based systems for the commercial Mobile Resource Management (MRM) market and for the defense and aerospace markets, today announced over $400,000 in orders for its A307 mobile computing device from new MRM customers.

These new orders were received from two new customers, one in Chile and one in Mexico, who are specialist MRM solution providers in the trucking and long-haul market segments. Both of these customers will deploy Micronet's A307 fix-mount/portable, Android-based rugged, automotive-grade tablets for in-cab and out-of-cab applications.

The A307 device features a 7" touch-screen display and is offered in two 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 CAN-bus interfaces.

Delivery of orders is scheduled to start in the second quarter of 2014, and follow-on orders are expected to continue periodically. These products will be shipped pre-installed with Micronet's GSDtm software, a comprehensive cloud-based platform for MRM services providers and end-user fleet operators to utilize Mobile Device Management (MDM) technology for corporate policy compliance, remote device access for on-line training, support and troubleshooting, and secure Over-The-Air (OTA) application and operating system upgrades.

"As part of our strategy we focus on diversifying our client base, adding new customers, new verticals and delivering the most technologically advanced products.  With the A307 and other new generation products we are well positioned to penetrate new markets, acquire new customers from different verticals and to become the preferred supplier of rugged mobile computing tablets for the big and growing MRM market," stated David Lucatz, Chief Executive Officer of Micronet Enertec Inc.

About Micronet Enertec Technologies, Inc.

MICT (MICT) Inc, operates through two companies, Enertec Systems 2001 Ltd ("Enertec"), its wholly-owned subsidiary, and Micronet Ltd ("Micronet"), in which it has a controlling interest.  Micronet operates in the growing commercial Mobile Resource Management (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.  Enertec operates in the Defense and Aerospace markets and designs, develops, manufactures and supplies various customized military computer-based systems for missile defense systems, command and control and others.  The Company's products, solutions and services are designed to perform in severe environments and battlefield conditions. For more information please visit: www.micronet-enertec.com, the content of which is not incorporated by reference into this press release.

Forward-looking Statement

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 timing of delivery of the orders discussed above, receipt of follow on orders, the success of the various components of our strategy, penetrating new markets and increasing our customer base.  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, 2013 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.

SOURCE Micronet Enertec Technologies, Inc.