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June 17, 2014
08:03 EDTMICTMicronet Enertec awarded $3M in cumulative follow-on orders
Micronet Enertec announced that its wholly owned subsidiary, Enertec Systems 2001, was awarded $3M in cumulative follow-on orders for computer-based test, diagnosis and simulation systems to support the newest version of advanced missile defense systems. These orders follow the initial $2.6M order announced on November 12, 2013. The purchase order is from a multi-billion Israeli-based defense contractor working in partnership with a major US contractor in the international marketing of a state of the art missile defense system. The $3M on orders will be executed and delivered in fiscal years 2014 and 2015. Also, this customer has indicated that additional follow-on production orders are expected to be issued in 2016 and beyond.
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June 18, 2015
10:12 EDTMICTMicronet Enertec signs binding MOU to supply tablets, telematics solutions
Micronet Enertec Technologies announced that its Mobile Resource Management subsidiary Micronet executed a binding Memorandum Of Understanding, or MOU, to be the exclusive supplier of rugged tablets and other telematics equipment to a "leading MRM solution provider." The exclusivity arrangement pursuant to the MOU is for the later of two years or the delivery by Micronet to the customer of 20,000 units of Micronet's All In One A317 rugged tablet and a new Android-based On Board Computer. The parties agreed to use best efforts to enter into a definitive supply and purchase agreement, which will replace the MOU, by July 15. As part of the MOU, the customer agreed to place an initial purchase order for 4,000 units, valued at a minimum price of $950,000, which will be delivered by Micronet by the end of 2015. Based on inputs from the customer, management estimates that the potential value of this engagement may reach $4.7M.

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