{"id":452673,"date":"2021-03-08T09:03:22","date_gmt":"2021-03-08T14:03:22","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=452673"},"modified":"2021-03-08T09:03:22","modified_gmt":"2021-03-08T14:03:22","slug":"micts-subsidiary-micronet-receives-commercial-order-for-its-smartcam-connected-product","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/micts-subsidiary-micronet-receives-commercial-order-for-its-smartcam-connected-product\/","title":{"rendered":"MICT\u2019s Subsidiary Micronet Receives Commercial Order for its SmartCam Connected Product"},"content":{"rendered":"
\n

MONTVALE, N.J., March 08, 2021 (GLOBE NEWSWIRE) — MICT, Inc. (Nasdaq: MICT), (the “Company”),\u00a0announced today that its majority-owned subsidiary, Micronet Ltd., (\u201cMicronet\u2019) has received a purchase order for 2,000 units of its SmartCam connected product from a one of North America\u2019s largest telematics service providers. The total aggregate order is worth approximately US$0.9 Million.<\/p>\n

The SmartCam is designed for in-vehicle use, with advanced telematics capabilities and connectivity to the cellular network (4G). The SmartCam is an all-in-one video telematics device, with open and powerful android platform, ruggedized, integrated, with capabilities to support complete telematics features. Coupled with vehicle-connected interfaces, diagnostic capabilities, and two cameras, it offers video analytics and telematics services, addressing safety, vehicle health, and tracking needs of vehicle fleets.<\/p>\n

\u201cThis order is further evidence of the traction that our subsidiary, Micronet, continues to build with its highly innovative SmartCam product,\u201d stated Darren Mercer, CEO of MICT. \u201cWhilst our focus is on the continued development of our three main fintech verticals, we are very pleased to see Micronet\u2019s ongoing success and progress towards gaining market share in the fast-growing video telematics sector, which continues to justify our investment in the company.\u201d<\/p>\n

SmartCam is a world pioneering, all-in-one video telematics device with an ability to integrate and analyze a wide range of data received from multiple sensors. An open and powerful Android platform, ruggedized, integrated, and ready-to-go smart camera supporting complete telematics features designed for in-vehicle use. SmartCam integrates driver facing cameras, road facing cameras, vehicle mechanical and operating data, vehicle location, and a powerful telematics on-board computer, enabling local processing of AI and image processing algorithms. Micronet’s SmartCam provides a versatile, advanced, and affordable mobile computing platform for a variety of fleet management and video analytics solutions. The powerful computing platform, coupled with the Android 9 operating system, allows fleet managers to run their own applications or pick and choose a set of applications and services from Micronet Marketplace.<\/p>\n

\n About\u00a0MICT, Inc.<\/strong>
\n
MICT, Inc.\u00a0(NasdaqCM:\u00a0MICT) operates through its subsidiaries,\u00a0GFH Intermediate Holdings Ltd.\u00a0(“GFHI”) and Micronet Ltd. (“Micronet”). GFHI’s versatile proprietary trading technology platform is designed to serve a large number of high growth sectors in the global fintech space. Primary areas of focus include online brokerage for equities trading and sales of insurance products in several high-growth foreign markets including\u00a0Asia\u00a0where GFHI owns a substantial propriety database of users. Micronet operates in the growing commercial Mobile Resource Management (MRM) market, mainly in\u00a0the\u00a0United States. Micronet designs, develops, manufactures and sells rugged mobile computing devices that provide fleet operators and field workforces with computing solutions in challenging work environments.<\/p>\n

\n Forward-looking Statement<\/strong>\n <\/p>\n

This press release contains express or implied forward-looking statements within the Private Securities Litigation Reform Act of 1995 and other\u00a0U.S.\u00a0Federal securities laws.\u00a0These forward-looking statements include, but are not limited to, our expectations about receiving orders for our products in the future, statements regarding our business and operations, statements regarding SmartCam, our expectations regarding the global logistics and transportation telematics industry growth, and the belief that a majority stake in Micronet will leverage our global platform to grow the telematics business. Such forward-looking statements and their implications involve known and unknown risks, uncertainties and other factors that may cause actual results or performance to differ materially from those projected. The forward-looking statements contained in this press release are subject to other risks and uncertainties, including those discussed in the “Risk Factors” section and elsewhere in the Company’s annual report on Form 10-K for the year ended\u00a0December 31, 2019\u00a0and in subsequent filings with the\u00a0Securities and Exchange Commission. Except as otherwise required by law, the Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.<\/p>\n

For further information, please contact:
MICT, Inc.
info@mict-inc.com<\/u><\/a>
+1 (201) 225-0190<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

MONTVALE, N.J., March 08, 2021 (GLOBE NEWSWIRE) — MICT, Inc. (Nasdaq: MICT), (the “Company”),\u00a0announced today that its majority-owned subsidiary, Micronet Ltd., (\u201cMicronet\u2019) has received a purchase order for 2,000 units of its SmartCam connected product from a one of North America\u2019s largest telematics service providers. The total aggregate order is worth approximately US$0.9 Million. The SmartCam is designed for in-vehicle use, with advanced telematics capabilities and connectivity to the cellular network (4G). The SmartCam is an all-in-one video telematics device, with open and powerful android platform, ruggedized, integrated, with capabilities to support complete telematics features. Coupled with vehicle-connected interfaces, diagnostic capabilities, and two cameras, it offers video analytics and telematics services, addressing safety, vehicle health, and tracking needs of vehicle … <\/p>\n

Continue reading “MICT\u2019s Subsidiary Micronet Receives Commercial Order for its SmartCam Connected Product”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-452673","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMICT\u2019s Subsidiary Micronet Receives Commercial Order for its SmartCam Connected Product - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/micts-subsidiary-micronet-receives-commercial-order-for-its-smartcam-connected-product\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MICT\u2019s Subsidiary Micronet Receives Commercial Order for its SmartCam Connected Product - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MONTVALE, N.J., March 08, 2021 (GLOBE NEWSWIRE) — MICT, Inc. (Nasdaq: MICT), (the “Company”),\u00a0announced today that its majority-owned subsidiary, Micronet Ltd., (\u201cMicronet\u2019) has received a purchase order for 2,000 units of its SmartCam connected product from a one of North America\u2019s largest telematics service providers. The total aggregate order is worth approximately US$0.9 Million. The SmartCam is designed for in-vehicle use, with advanced telematics capabilities and connectivity to the cellular network (4G). The SmartCam is an all-in-one video telematics device, with open and powerful android platform, ruggedized, integrated, with capabilities to support complete telematics features. Coupled with vehicle-connected interfaces, diagnostic capabilities, and two cameras, it offers video analytics and telematics services, addressing safety, vehicle health, and tracking needs of vehicle … Continue reading "MICT\u2019s Subsidiary Micronet Receives Commercial Order for its SmartCam Connected Product"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/micts-subsidiary-micronet-receives-commercial-order-for-its-smartcam-connected-product\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-08T14:03:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NjEzOCM0MDUzMjI5IzUwMDA3NzQ0MA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/micts-subsidiary-micronet-receives-commercial-order-for-its-smartcam-connected-product\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/micts-subsidiary-micronet-receives-commercial-order-for-its-smartcam-connected-product\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"MICT\u2019s Subsidiary Micronet Receives Commercial Order for its SmartCam Connected Product\",\"datePublished\":\"2021-03-08T14:03:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/micts-subsidiary-micronet-receives-commercial-order-for-its-smartcam-connected-product\\\/\"},\"wordCount\":654,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/micts-subsidiary-micronet-receives-commercial-order-for-its-smartcam-connected-product\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE4NjEzOCM0MDUzMjI5IzUwMDA3NzQ0MA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/micts-subsidiary-micronet-receives-commercial-order-for-its-smartcam-connected-product\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/micts-subsidiary-micronet-receives-commercial-order-for-its-smartcam-connected-product\\\/\",\"name\":\"MICT\u2019s Subsidiary Micronet Receives Commercial Order for its SmartCam Connected Product - 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