June 18, 2013

Micronet Ltd., a subsidiary of Micronet Enertec Technologies, Inc., Releases Multi Operating System Tablet
for Mobile Resource Management Solutions.

New M-300 rugged tablet supports Android 4.0 and Microsoft Windows Embedded;

Patent-pending, Guardian System Design (GSD) features cloud-based remote technical support that enhances future recurring revenues opportunities.

Emerson, New Jersey - June18, 2013 - Micronet Ltd., a subsidiary of Micronet Enertec Technologies, Inc. (NASDAQ: MICT), announced today the availability of its new M-300 platform. The M-300 is the first rugged, automotive-grade tablet supporting both Microsoft Windows Embedded and Android 4.0.

Built using open standards and designed as a Telematics platform, all M-300 product models are fully programmable using Micronet’s comprehensive Development Tool Kit (DTK) and Software Development Toolkit (SDK). The advanced product architecture of the M-300 accommodates the unique needs of original equipment manufacturer (OEM) customers in enabling product integration into vehicle systems (power protection, digital/analog I/O’s, CANBus) and with ancillary equipment used by drivers and field workers (printer, scanner, bar-code and magnetic card readers, RFID, external mic/speaker, etc.).

The M-300 features the unique, patent-pending, Guardian System Design (GSD), a combined hardware and software system enabling cloud based advanced remote technical support and highly economical customer service. The GSD supports:

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

David Lucatz, President and CEO of Micronet Enertec Technologies, Inc. commented,
“We are excited to introduce this powerful and scalable platform, further extending Micronet’s technological lead in this emerging space. The advanced features and unrivaled flexibility, set this product apart. Our products have been widely adapted by leading MRM service and solution providers, typically serving trucking and distribution, public transit and construction fleets.  We have sold more than 450,000 devices to date. With rapid technology adaption in the growing MRM industry, we believe that our new M-300 positions us well to be a significant player in the billion dollar-plus potential market. Moreover, we anticipate that the newest GSD feature may generate recurring revenues opportunities while providing great value to our customers.”

About Micronet Enertec Technologies, Inc.
Micronet Enertec Technologies, Inc., formerly known as Lapis Technologies, Inc., operates through two companies, 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. Micronet designs, develops, manufactures and sells rugged mobile computing devices that provide fleet operators and field workforces with computing solutions in challenging work environments. 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. The Company's products, solutions and services are designed to perform in severe environments and battlefield conditions.

Micronet Enertec Technologies, Inc. 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

 

Copyright Micronet Enertec Technologies, Inc 2013