Micronet Announces Partnership with Verizon to Extend Distribution
of its Industry-Leading Ruggedized Mobile Data Terminals for Fleets
Partnership will enable Micronet to leverage Verizon’s extensive ecosystem of MRM partners, VARS, and systems integrators, providing them with ready access to Micronet’s full line of Android -based MDTs and tablets.
Montvale, NJ September XX, 2014 /PRNewswire/ -- Micronet Enertec Technologies, Inc. (NASDAQCM: MICT), announced that its MRM subsidiary, Micronet Ltd, has established a strategic partnership with Verizon to make its broad line of mobile data terminals more widely available to Verizon customers, VARs, and channel partners. In turn, a greater number of Micronet customers will benefit from access to the Verizon Wireless network, known for its broad coverage, reliability, speed and performance.
“A large number of Micronet mobile data terminals currently operate on the Verizon Wireless data network”, says Shai Lustgarten, Micronet Chief Executive Officer. “We expect this new partnership to enable an even greater number of U.S. fleet operators to benefit from the use of our mobile data platforms operating over one of the nation’s leading cellular data networks.”
About Micronet Enertec Technologies, Inc.
Micronet Enertec Technologies, Inc. (NASDAQCM: MICT) 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. For more information please visit: www.micronet-enertec.com, the content of which is not incorporated by reference into this press release.
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 potential growth of the Company's MRM business with increased market share in the higher growth local fleet vehicle vertical, the Company's business strategy and plans for future operations. 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, 2013 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.
John Nesbett or Jennifer Belodeau
Institutional Marketing Services (IMS)