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Profile: Micronet Enertec Technologies Inc (MICT.OQ)

MICT.OQ on NASDAQ Stock Exchange Capital Market

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9 Dec 2016
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Micronet Enertec Technologies, Inc. (Micronet Enertec), incorporated on January 31, 2002, operates through Israel-based companies, which include Enertec Systems 2001 Ltd (Enertec), its subsidiary, and Micronet Ltd (Micronet), which develops, manufactures, integrates and markets rugged computers, tablets and computer-based systems and instruments for the commercial, defense and aerospace markets. The Company's segments include defense and aerospace segment, and mobile resource management (MRM). The Company's products, solutions and services are designed to perform in severe environments and battlefield conditions.

Micronet operates in the commercial mobile resource management market and is a developer, manufacturer and provider of mobile computing platforms, designed for integration into fleet management and mobile workforce management solutions. Micronet's United States-based facilities include manufacturing and technical support infrastructure, and sales and marketing capabilities. Micronet operates through its Israeli and United States facilities, the first located in Azur, Israel, near Tel Aviv, and the second located in Salt Lake City, Utah. Micronet designs, develops, manufactures and sells rugged mobile computing devices that provide fleet operators and field workforces with mobile computing solutions. Micronet's vehicle cabin installations and portable tablets offer computing power and communication capabilities.

Micronet products provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage and allow for the installation of software applications and communication integration. This enables the users to manage the drivers in various aspects such as, driver identification, reporting hours worked, customer/organization working procedures and protocols, route management and navigation based on tasks and time schedule. End users also receive real time messages for various services, such as pickup and delivery, repair and maintenance, status reports, alerts, notices relating to start and ending of work, digital forms, issuing and printing of invoices and payments.

Micronet's customers consist of application service providers (ASPs) and solution providers specializing in the MRM market. Micronet customers are generally MRM solution and service providers, ASP providers in the transportation market, including student transportation (yellow busses) and fleet and field management systems for constructions and heavy equipment. Micronet has customers in approximately 20 countries. Micronet also offers the MRM market and the North America market product lines for different market segments, including the local fleets, as well as long haul, heavy equipment and workforce field verticals.

Micronet's products are used in and/or targeted to a range of MRM industry sectors, including haulage and distribution, which includes short- and long- haul trucking and distribution servicing of urban retail and wholesale needs, such as delivery of packages, parts and similar items; public transport, which refers to buses, para-transit, taxis and limousine services; construction, which refers to vehicle fleets that are involved in the construction industry, such as cement trucks and heavy equipment; service industries, which include insurance companies, rental car companies and other companies operating mobile service force of technicians, installers and similar personnel; municipalities, which include waste management and field workers, such as public works, and public safety services, which includes fire departments, ambulances, police and forestry. Micronet offers various mobile computing devices and tablets to the market, running on both Android and Microsoft operating systems, in various screen size ranges (5-7 inches) that range from basic display products to display, available in various product configurations and prices.

Enertec operates in the defense and aerospace markets. Enertec's solutions and systems are integrated into systems, such as command and control, missile fire control, maintenance of military aircraft and missiles for use by the Israeli Air Force, Israeli Navy and by foreign defense entities. The system integrators market its solutions across the spectrum of military applications (land, sea and air). Enertec designs, develops and manufactures computer based instruments and aerospace electronic solutions designed to operate in severe environments and battlefield conditions, for military use in air, space land and sea. Enertec's products are grouped into over three material product lines: computer-based command and control systems, automatic test equipment and power supplies. The command and control systems are integrated in mission critical air defense missiles and other weapon systems and are designed to operate in severe environments. The automatic test equipment line includes various test systems and simulators that test and assure combat readiness of aircraft and missiles.

The Company's solutions include ruggedized portable command and control systems; command and control stations; fire control systems for missiles; military aircraft support systems, and missile simulators and missiles defense related embedded/integrated systems. The Company is also engaged in developing new systems, solutions and products in the areas, including operationally resilient computers integrated into various weapon systems, missile launch platforms, command and control systems, missiles communications systems, generic testers for military equipment and power distributer units for robotic application (air, sea and land).

The Company competes with CalAmp Corp., Morey Corporation, Mobile Devices Corporation, MOTIA Co. Ltd, Advantech Co., Ltd. and Garmin USA, Inc.

Company Address

Micronet Enertec Technologies Inc

28 W Grand Ave Ste 3
MONTVALE   NJ   07645-2100
P: +1201.2250190
F: +1302.4215753

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