MICT subsidiary Micronet secures significant order with one of the world's largest Telematics Service Providers
MICT, Inc. (MICT)
US:NASDAQ Investor Relations:
micronet-enertec.com/ir-events%20&%20presentations.asp
Company Research
Source: PR Newswire
Following the initial pilot order in October, leading telematics provider makes significant order for SmartCam, a highly innovative video telematics product which integrates advanced software and AI functionality to serve the fastest growing segment of the global telematics market MONTVALE, N.J., Dec. 2, 2020 /PRNewswire/ -- MICT, Inc. (Nasdaq: MICT), (the "Company"), announced today that its majority-owned subsidiary, Micronet Ltd., ("Micronet') has won a significant purchase order from one of the largest telematics service providers in the world. This order, totaling circa $300,000, follows the announcement October 6, 2020 of a pilot test and negotiation of a large-scale commercial supply contract with the same customer, and is expected to lead to significant further business in 2021 and beyond. The customer, based in North America, is estimated to have hundreds of thousands of trucks in its network and is expanding into the provision of video telematics services using Micronet's S
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