MONTVALE, N.J., April 8, 2019 /PRNewswire/ -- 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.
About MICT, Inc.
MICT, Inc. (Nasdaq: MICT), via Micronet, operates in the growing commercial 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.
For more information please visit: www.mict-inc.com.
Forward-looking Statements
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 its belief that new orders from current customers are the best testament to Micronet's valuable solutions in
the MRM market, that Micronet's latest technologies are finding traction with its customers and that Micronet's SaaS based
services generate annual recurring revenue. 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, 2018 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.
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SOURCE MICT, Inc.