Micronet to Participate in NYC Taxi and Limousine Commission's Vehicle Safety Technology Pilot

MONTVALE, N.J., Nov. 9, 2015 /PRNewswire/ -- Micronet Enertec Technologies, Inc. (NASDAQCM: MICT), announced today that its Mobile Resource Management (MRM) subsidiary, Micronet Ltd, a developer and manufacturer of rugged computers, tablets and computer-based systems for the commercial Mobile Resource Management (MRM) market, has been selected to participate in the New York City Taxi and Limousine Commission's (TLC) "Vision Zero" Vehicle Safety Technology Pilot.

The Vehicle Safety Technology Pilot is an initiative called for in Mayor de Blasio's Vision Zero action plan, which outlines actions the TLC, Department of Transportation, New York Police Department, other agencies, the public, and the private sector can take to end traffic related deaths in New York City by 2020.

In its Industry Notice #15-47, dated November 4, 2015, the TLC announced Micronet as the fifth participant, adding that the "Vehicle Safety Technology Pilot will test and evaluate the efficacy of black boxes, anti-speeding technologies, driver alert systems, and related analytic software, in promoting safe driving of TLC – regulated vehicles." The pilot is scheduled to last until April 6, 2016.

Mr. Shai Lustgarten CEO of Micronet stated: "We are proud to be selected as one of the few companies to participate in this potentially lifesaving initiative. We were invited to present our advanced technology last June and completed an intensive field testing to prove the advantages of using our technology to promote safer driving, which will ultimately save lives." 

Micronet is conducting the project together with Luxury One Corp, Micronet's New York City distributor, managed by Boaz Bagbag and Tommer Zur, both experts in vehicle safety issues and the Vision Zero initiative.

Below is a link to the TLC – Micronet approval industry notice release:

http://www.nyc.gov/html/tlc/downloads/pdf/industry_notice_15_47.pdf

Below is a link to the TLC Vehicle Safety Technology Pilot Program:

http://www.nyc.gov/html/tlc/html/industry/veh_safety_tech_pilot_program.shtml

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.

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 Vehicle Safety Technology Pilot testing and evaluation of the efficacy of black boxes, anti-speeding technologies, driver alert systems, and related analytic software, in promoting safe driving of TLC – regulated vehicles, the Vehicle Safety Technology Pilot schedule and completion date, statements regarding the advantages of using our technology to promote safer driving and ultimately to save lives,  the Vehicle Safety Technology Pilot being a lifesaving initiative and statements regarding the NYC TLC's determination which technologies to deploy in its vehicles.  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.

Related Links

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