micronet receives $1,300,000 in orders for its next-generation smarthub telematics on-board computer

micronet receives $1,300,000 in orders for its next-generation smarthub telematics on-board computer - smart board computer

by:ITATOUCH     2020-03-28
micronet receives $1,300,000 in orders for its next-generation smarthub telematics on-board computer  -  smart board computer
Micronet received an order for $1,300,000
Last generation SmartHub remote information processing
Board computer orders received from leading US companies that meet ELD standardsS.
Remote information processing service providers, including recurring revenue of $45,000 per yearJ.
Montville, New York, May 23, 2019J.
, May 23, 2019/PRNewswire /--MICT, Inc. (Nasdaq: MICT), (the"Company")
, Announced today, Micronet Ltd.
The company announced that it had received two orders totaling $1,300,000 for the supply and delivery of its 4-generation SmartHub hardware platform. Micronet Ltd.
An entity with approximately 39 equity in MICThas.
53%, received purchase orders from leading US companiesS.
Remote information processing service providers and current micro-customers.
The 4-generation SmartHub hardware platform is a solid Android™-basedfix-
Installed on the computer to provide advanced features at competitive prices.
The SmartHub hardware platform is installed in the driver's cabin and is able to monitor and manage fleet including Android™-
Jobs based on advanced computing, such
Complete the task, two-
Communication with fleet manager, remote vehicle and engineering equipment diagnosis, monitoring behavior and driver service time.
"New orders from current customers are the best proof of micronet's valuable solution in mobile resource management (MRM)market.
The latest technology of Micronet, including its next
On behalf of SmartHub, we found customers who are industry leaders.
"We are also pleased to see Micronet's customers sign up for their annual SaaS service, which brings annual recurring revenue to Micronet," said David Lucatz, CEO of MICT . ". About MICT, Inc. MICT, Inc. (Nasdaq: MICT)
Through Micronet, it operates mainly in the growing business market in the United States.
Micronet designs, develops, manufactures and sells robust mobile computing devices to provide computing solutions for fast operators and field workers in challenging working environments.
For more information, please visit: www. mict-inc. com. Forward-
This press release contains forwarding, express or implied-
Looking forward to the provisions of the Private Securities Litigation Reform Act of 1995 and other U. S. lawsS.
Federal securities law
These forward-looking statements include, but are not limited to, statements that it considers new orders from current customers to be the best proof of Micronet's valuable solution in MRMmarket, micronet's latest technology has found traction in itscustom, where SaaS-based services generate recurring revenue every year. Such forward-
Forward-looking statements and their implications relate to known and unknown risks, uncertainties, and other factors that may lead to significant differences in actual results or performance from predicted results. {N0552057; 3}The forward-
Forward-looking statements contained in this press release are affected by other risks and uncertainties, including risks and uncertainties discussed in the "risk factors" section and other parts of the company's annual report on table 10
For the year ended December 31, 2018, and the documents subsequently submitted to the Securities and Exchange Commission.
Unless otherwise provided by law, the company is not obliged (
And expressly deny any such obligation)
Update or change its forwarding-
Look for statements whether due to new information, future events or other reasons.
Original content: source MICT, Inc.
Website: Contact: MICT ,(201)225-Information @ mict-0190inc.
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