MICT - MICT +15% on first orders from European automotive manufacturer

MICT's (MICT) majority-owned subsidiary Micronet receives initial orders from one of the largest European OEM automotive truck manufacturers for units of its new telematics products SmartHub and SmartTab 8 tablets.The company believes this new engagement has significant revenue potential for Micronet, subject to timing and quantities ordered."Selling directly to OEMs means Micronet's advanced telematics products can be integrated into new trucks at the assembly line, thus potentially increasing significantly the number of units sold and establishing Micronet products an industry standard," says MICT CEO Darren Mercer.".....expect commercial orders under the broader agreement during the first quarter of 2021," he adds.The strong rally has been seen in the stock with the return of about 618% over the past 6 months.

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MICT +15% on first orders from European automotive manufacturer