$460,000 Aerospace & Defense Contract Awarded to Micronet Enertec

MONTVALE, N.J., March 6, 2017 /PRNewswire/ -- Micronet Enertec Technologies, Inc. (NASDAQCM: MICT), announced today that its wholly-owned subsidiary, Enertec Systems 2001 Ltd. (Enertec), was recently awarded a purchase order from a global Aerospace & Defense contractor, totaling more than $460,000. The contract is a continuous order for the development of a diagnosis and simulation system for a specific missile system.

Zvi Avni, Enertec's Chief Executive Officer, said, "We are pleased that a current customer is placing additional orders for our sophisticated fit for purpose products, and especially proud of our strong relationship with this major aerospace & defense contractor."

About Micronet Enertec Technologies, Inc.

Micronet Enertec Technologies, Inc. (NASDAQCM: MICT) provides high tech solutions for severe environments and the battlefield, including missile defense technologies for Aerospace & Defense and rugged mobile devices for the growing commercial Mobile Resource Management (MRM) market. MICT designs, develops, manufactures and supplies customized military computer-based systems, simulators, automatic test equipment and electronic instruments, addressing the defense industry. Solutions and systems are integrated into critical systems such as command and control, missile fire control, maintenance of military aircraft and missiles for the Israeli Air Force, Israeli Navy and by foreign defense entities.  MICT's MRM division 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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SOURCE Micronet Enertec Technologies, Inc.