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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.
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March 31, 2015
07:10 EDTMICTMicronet Enertec says is well positioned for future growth
Company said "In view of the continuing trend to rely on missiles and missile defense systems as a significant factor in the defense strategy of armed forces worldwide, we expect growing demand for the unique and sophisticated technology we've developed for various advanced missile defense systems." and added "Our team quickly and efficiently integrated our acquired U.S. business which contributed to record sales for the last six months of 2014. We are executing on our strategy to penetrate the fast growing local fleet segment of the MRM marketplace and we are focused on meeting the needs of our existing customers while also developing new customer relationships as we see increased interest for our products. Additionally, we look forward to introducing several new products during the course of 2015 which we believe will enhance our brand recognition in the MRM marketplace. Likewise, our aerospace and defense business continues to show strength. As we enhance our technology and deliver an expanded portfolio of unique products, we believe we are well positioned for future growth."
07:09 EDTMICTMicronet Enertec reports $9.2M backlog at December 31 of 2014
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07:08 EDTMICTMicronet Enertec reports Q4 EPS 0c, one estimate (3c)
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