MICT: Micronet Announced First North American Client for its New Android-Based Rugged Tablet

EMERSON, N.J., July 22, 2013 /PRNewswire/ -- Micronet Ltd., a subsidiary of Micronet Enertec Technologies, Inc. (NASDAQ: MICT), announced today that its recently launched A-300 - Android based rugged tablet was selected by a leading North American solution provider in the Fleet Management industry. The A-300 tablet will be installed in large commercial fleets providing a comprehensive Fleet Management and Mobile Resource Management solution.

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With the A-300 on board, commercial fleet operators can go beyond standard 'track and trace' applications, to full mobile workforce management solutions, supporting Driver electronic logs, in-cab Navigation, in-cab Scanning and Printing, in-cab Video Driver training, two-way Messaging and Dispatch, Form-based status reporting, and more.

In addition, the new A-300 series features Micronet's new patent-pending Guardian System Design (GSD), a solution that enables cloud based remote technical support and in-field device management over the life time of the product. Key functions include:

• Remote device management
• Software and hardware self-diagnostics and recovery
• Fail-safe Firmware and Application Over the Air (OTA) updates

This is a SaaS offering that Micronet is implementing, based on a recurring revenue business model.

As all other Micronet products, the A-300 is a fully programmable mobile computer, enabling independent application development, using Micronet's comprehensive hardware and software development toolkits. The tablet's advanced system architecture allows flexible integration with various vehicle systems and ancillary equipment used by drivers in and out of the cabin.

Micronet's CEO Rafi Katz commented: "As a company that focuses on innovation derived from our clients' evolving needs, we're proud to announce a first new client, shortly after the introduction of our new Android based product. This win validates our vision of providing cost-effective, advanced and innovative products to the MRM market." 

"For over a decade, this vision has made Micronet the partner of choice of leading MRM companies, and we are striving to maintain this unique industry position and continue to grow our market share."

About Micronet Ltd.

Micronet LTD is a subsidiary of Micronet Enertec. The Company develops, manufactures and markets internationally, rugged, automotive-grade, mobile computers, specifically designed for Fleet management and Mobile workforce management solutions and services.

About Micronet Enertec Technologies, Inc. ("MICT")

MICT, formerly known as Lapis Technologies, Inc., is a technology company that designs, develops, manufactures and sells rugged mobile computing devices that provide the MRM (Mobile Resource Management) market, fleet operators and field workforces with computing solutions in challenging work environments.

The Company operates through two subsidiaries, Enertec Systems 2001 Ltd ("Enertec"), its wholly-owned subsidiary, and Micronet Ltd ("Micronet"), in which it has a controlling interest.  Micronet operates in the growing commercial Mobile Resource Management (MRM) market, mainly in the United States.  Enertec operates in the Defense and Aerospace markets and designs, develops, manufactures and supplies various customized military computer-based systems for missile defense systems, command and control and others.   For more information please visit: www.micronet-enertec.com

Forward-looking Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Words such as "expect," "believe," "intend," "plan," "continue," "may," "will," "anticipate," and similar expressions are intended to identify forward-looking statements.  Actual results may differ materially from those projected in any forward-looking statement.  More detailed information about the risk factors affecting the Company's performance is contained under the heading "Risk Factors" in the Company's annual report filed with the SEC, which is available on the SEC's web site, www.sec.gov.  Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analyses only as of the date hereof.  The Company neither intends to, nor assumes any obligation to, update or revise these forward-looking statements in light of developments that differ from those anticipated.

Contact information:

Miri Segal Scharia
Managing Partner Global Accounts & IPOs
Hayden/ MS-IR LLC
Tel: 917-607-8654
msegal@ms-ir.com

Dina Shir
Micronet Enertec Technologies, Inc.
Tel: +972-544-652806
dina@micronet-enertec.com

SOURCE Micronet Ltd.