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Micronet Receives $1,300,000 in Orders for its Next-Generation SmartHub Telematics On- Board Computer


Order received from a leading ELD compliant U.S. telematics service provider
  that includes $45,000 in annual recurring revenue

Montvale, NJ – May 23, 2019 - MICT, Inc. (Nasdaq: MICT), (the “Company”), , , 
announced today that Micronet Ltd. has announced it received two purchase orders totaling $1,300,000 for the supply and delivery of its 4th generation SmartHub hardware platform. Micronet Ltd., an entity in which MICT has an ownership stake of approximately 39.53%, received the purchase orders from a leading U.S. telematics service provider, and a current Micronet customer.



About MICT, Inc.

MICT, Inc. (Nasdaq: MICT), via its equity interest in Micronet Ltd., provides rugged mobile devices for the growing commercial Mobile Resource Management (MRM) market. Micronet develops, manufactures and provides mobile computing platforms for the 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.

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