Profile: Micronet Enertec Technologies Inc (MICT.OQ)

MICT.OQ on NASDAQ Stock Exchange Capital Market

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3 Aug 2015
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Micronet Enertec Technologies, Inc. (Micronet Enertec), incorporated on January 31, 2002, operates through two Israel-based companies, Enertec Systems 2001 Ltd (Enertec), its wholly owned 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 offers its products, solutions and services to perform in severe environments and battlefield conditions.

Micronet operates in the commercial mobile resource management (MRM) 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 via 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. It 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 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 fully comprehensive display, available in various product configurations and prices.

Enertec operates in the defense and aerospace markets and designs, develops, manufactures and supplies various customized military computer-based systems, simulators, automatic test equipment and electronic instruments. Enertec's solutions and systems are designed 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 holds 26% in the joint venture with Amtek Defense Technologies Limited (Amtek), an Indian industrial group, to market, manufacture and sell its systems and solutions in India based on Enertec's technological and engineering capabilities.

Enertec operates in the defense and aerospace markets. It 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 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. Enertec's solutions and systems are tailored to customers' specifications and are, or are integrated into, critical weapon systems.

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's solutions and systems are marketed by the Israeli defense industries (system integrators) and are used by the Israeli defense forces by the Israeli Air Force and Israeli Navy as well as by other foreign defense entities served by its customers. The Company is also engaged in developing new systems, solutions and products in the following areas: 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

SUITE 3, 28 WEST GRAND AVENUE
MONTVALE   NJ   07645
P: +1201.2250190

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