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Stock Market & Financial Investment News

News Breaks
June 30, 2014
09:17 EDTMICTMicronet Enertec purchased 3.9% of Micronet and increased ownership to 62.5%
Micronet Enertec announced that its wholly owned subsidiary Enertec Electronics, Ltd. signed a definitive agreement to acquire 736,341 shares of Micronet constituting 3.9% of the issued and outstanding shares of Micronet from Rafi Katz, Micronet's former CEO. The consideration for the purchased shares is $642,000. After closing of the transaction, the Company's ownership will increase to 62.5% of the issued and outstanding shares of Micronet.
News For MICT From The Last 14 Days
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November 10, 2014
08:47 EDTMICTMicronet Enertec awarded $1.1M in purchase orders
Micronet Enertec announced that its wholly owned subsidiary, Enertec Systems 2001 Ltd, was awarded two purchase orders from a global aerospace corporation, for an aggregate amount of more than $1.1M. One purchase order in the amount of $500,000 is for additional production units of the fire control computer for the newest version of an advanced missile defense system. The other purchase order, in the amount of $640,000, is for the development of a computer-based test and simulator system to ensure the combat readiness of a critical missile system. The company anticipates delivery of both orders during calendar year 2015 and expects to receive follow-on orders for both projects. The award is from a global aerospace corporation who is marketing the system in cooperation with a major US Aerospace contractor.

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