Micronet gets $1.3M in orders for next-gen telematics computer

By Emily Bader
Montvale | Apr 8, 2019 at 11:26 am

MICT Inc. announced Monday that Montvale-based Micronet Ltd. has received $1.3 million worth of purchase orders to supply and deliver its fourth-generation SmartHub hardware platform.

Micronet received the two orders from a leading U.S. telematics service provider, MICT said. MICT has approximately a 40% ownership stake in Micronet, it said.

Micronet’s SmartHub platform is an Android-based, fix-mount on board computer installed in the driver’s cabin to monitor and manage vehicle fleets.

“New orders from current customers are the best testament of Micronet’s valuable solutions in the Mobile Resource Management market. Micronet’s latest technologies, including its next-generation SmartHub, are finding traction with customers that are leaders in the industry. We are also pleased to see Micronet’s customers signing on for its annual SaaS based services, which generate annual recurring revenue for Micronet,” MICT CEO David Lucatz said.

Emily Bader | ebader@roi-nj.com | emilybader