Micronet to Present at SITL International Annual Exhibition of Transport and Logistics in France

MONTVALE, N.J., March 15, 2018 /PRNewswire/ -- Micronet Enertec Technologies, Inc. (NASDAQCM: MICT), (the "Company"), announced today that its Mobile Resource Management (MRM) subsidiary, Micronet Ltd. ("Micronet"), is set to present at the annual international exhibition of transport and logistics, SITL Europe which will be held in Paris, France from March 20-23, 2018.

As part of its focused efforts in 2018 to reinforce its presence and increase its market share in the European MRM market, Micronet is set to present to potential customers and partners its product strategy, vision and broad product portfolio, including its recently released next generation Android SmarTab and SmartHub, its unique Fleet & Mobile Work Force Management solutions. Micronet has seen its U.S.-based MRM revenues and backlog increase significantly over the past several quarters. The global MRM market is estimated to reach $10 billion in the next few years.

SITL is a leading international exhibition that features all areas of transport and logistics and brings together the major players in the field in search for the latest, most advanced technologies and solutions.

About Micronet Enertec Technologies, Inc.

Micronet Enertec Technologies, Inc. (NASDAQCM: MICT) provides high tech solutions for severe environments and the battlefield, including missile defense technologies for Aerospace & Defense and rugged mobile devices for the growing commercial Mobile Resource Management (MRM) market. MICT designs, develops, manufactures and supplies customized military computer-based systems, simulators, automatic test equipment and electronic instruments, addressing the defense industry. Solutions and systems are integrated into critical systems such as command and control, missile fire control, maintenance of military aircraft and missiles for the Israeli Air Force, Israeli Navy and by foreign defense entities. MICT's MRM division develops, manufactures and provides mobile computing platforms for the mobile logistics management market in the U.S., Europe and Israel. American-manufactured systems are designed for outdoor and challenging work environments in trucking, distribution, logistics, public safety and construction.

SOURCE Micronet Enertec Technologies, Inc.