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


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

Montvale, NJ – April 8, 2019 - MICT, Inc. (Nasdaq: MICT), (the “Company”), 
announced today that Micronet Ltd., has received two purchase orders totaling $1,300,000 to supply and deliver 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. The 4th generation SmartHub hardware platform is a rugged Android™-based fix-mount on board computer, offering advanced functionality at a competitive price. Installed in the driver's cabin, the SmartHub hardware platform enables monitoring and management of vehicle fleets including Android™-based advanced computing assignments such as follow-up of tasks, two- way communication with the fleet manager, remote vehicle and engineering equipment diagnostics, monitoring behavior, and drivers' hours of services. “New orders from current customers are the best testament of Micronet’s valuable solutions in the Mobile Resource Management (MRM) market. Micronet’s latest technologies, including its next-generation SmartHub, are finding traction with customers that are leaders in the industry. We are also pleased to see Micronet’s customers signing on for its annual SaaS based services, which generate annual recurring revenue for Micronet,” stated MICT’s CEO David Lucatz.




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