Micronet Ltd., a subsidiary of Micronet Enertec Technologies, Inc., Releases Multi Operating System Tablet
for Mobile Resource Management Solutions.
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:
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.”
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.
Miri Segal Scharia
Managing Partner Global Accounts & IPOs
Hayden/ MS-IR LLC
Micronet Enertec Technologies, Inc.