Micronet Enertec Technologies Awarded $2 Million in Purchase Orders for its Rugged Tablets

Micronet Enertec Technologies, Inc.

announced that its Mobile Resource Management (MRM) subsidiary, Micronet Ltd., has recently received purchase orders in an aggregate amount of $2 million from three leading fleet and workforce management solutions companies, for its rugged Android tablets. Management expects follow on orders in the near future. Micronet's rugged tablets will be installed in the following fleets and applications: Mobile cement mixers for the Construction Industry Heavy equipment Oil and Gas fleets Using Micronet's Android rugged tablets, the global fleet solutions providers are able to provide comprehensive tracking and efficiency improvements to Oil and Gas industry fleets operating trucks and vehicles throughout North America. Each day more than 200,000 Oil and Gas trucks and vehicles operate throughout North America. Only a minority of those are currently equipped with fleet telematics systems. "The fact that only a small number of the Oil and Gas trucks are equipped with Fleet Management systems combined with our successful penetration of this growing market represents a significant opportunity for our future growth. Micronet offers a comprehensive range of products and tablets throughout the MRM industry and purchase orders such as these validate the quality, diversity and market acceptance of our line of tablets and our ability to provide solutions to many different applications and market verticals," said Shai Lustgarten, Micronet Ltd.'s Chief Executive Officer. "Receipt of these purchase orders and our expectations of receiving increasing volumes in 2016 demonstrate our proven progress and continued momentum toward establishing Micronet as a major supplier of rugged tablets to the multibillion dollar MRM market. Our portfolio of solutions, combined with our skilled sales team, position us well to increasingly capture business in the local fleet vertical, the largest segment in the MRM space."