Micronet Enertec Awarded Contracts Totaling $1,200,000 in Aerospace & Defense

Micronet Enertec Technologies, Inc. (NASDAQCM: MICT), announced today that its wholly-owned subsidiary, Enertec Systems 2001 Ltd., was recently awarded two purchase orders for an aggregate amount of $1,200,000 from a current customer, a large global Aerospace & Defense contractor.

One purchase order, in the amount of $820,000, is for the development of a fully ruggedized, weather proofed military computer-based system for naval use. The other purchase order, from the same contractor, in the amount of $380,000, is for the development of a computer-based test and simulation system designed to ensure the combat readiness of a critical military system.

"This order comes from one of our largest customers. Enertec's ability to consistently deliver sophisticated, high-precision solutions that demonstrate reliably high performance, even in the most rugged environments, is driving the large number of new contracts we receive from current satisfied customers," stated David Lucatz, Chairman and CEO of Micronet Enertec Technologies Inc.

Source: Micronet Enertec Technologies, Inc.
Date: Aug 7, 2017