Micronet Selected as Supplier for MiX Telematics's Next Generation MiX Rovi

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Oct 21, 2015, 09:23 ET

MONTVALE, N.J., Oct. 21, 2015 /PRNewswire/ -- Micronet Enertec Technologies, Inc. (NASDAQCM: MICT) announced that its MRM subsidiary, Micronet Ltd, has been selected as a supplier for MiX Telematics (NYSE: MIXT), a leading global provider of fleet and mobile asset management solutions.

Micronet is providing its fixed, in-cab, TREQ 317 rugged Android tablet for use with MiX Telematics' next generation MiX Rovi in-cab display. The device has been developed to provide a durable, easy-to-use solution for fleet managers to record hours of service and remote tachograph data, and to respond to the upcoming ELD mandate requirements.

"We are pleased to have this opportunity to work with MiX Telematics. MiX Telematics enjoys a strong reputation for its high quality portfolio of solutions for fleet operators, and we believe our tablet is an excellent match for their new display," says Shai Lustgarten, Micronet Chief Executive Officer. "As regulations related to the use of electronic logging devices become more stringent, we believe our ability to provide a durable, reliable in-cab device will create new opportunities for us to partner with others in the industry to offer effective solutions to fleet operators worldwide."

"Having adopted Android as the development platform for our latest in-cab driver tablet, we sought the right hardware partner to supply us with rugged, high quality products and infrastructure to support our development efforts," says Catherine Lewis, Executive Vice President of Technology at MiX Telematics. "We believe that Micronet has the right products, roadmap and partner focus to support the innovation that we strive for, and we look forward to a long-lasting relationship with them."

About Micronet Enertec Technologies, Inc.

Micronet Enertec Technologies, Inc. (NASDAQCM: MICT) 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.

About MiX Telematics

MiX Telematics is a leading global provider of fleet and mobile asset management solutions delivered as SaaS to customers in over 120 countries. The company's products and services provide enterprise fleets, small fleets and consumers with solutions for efficiency, safety, compliance and security. MiX Telematics was founded in 1996 and has offices in South Africa, the United Kingdom, the United States, Uganda, Brazil, Australia and the United Arab Emirates as well as a network of more than 130 fleet partners worldwide. MiX Telematics shares are publicly traded on the Johannesburg Stock Exchange (JSE: MIX) and on the New York Stock Exchange (NYSE: MIXT). For more information visit: www.mixtelematics.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 our belief that our ability to provide a durable, reliable in-cab device will create new opportunities for us to partner with others in the industry to offer effective solutions to fleet operators worldwide, or regarding a long lasting relationship between us and MiX Telematics. 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, 2014 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.