MICT - MICT trades high on subsidiary's follow-on order

MICT's (MICT) stock surged 6.1% higher in pre-market trade after majority-owned subsidiary, Micronet secured a significant follow-on purchase order of 5K SmartCam units, worth ~$1.5M from one of the world's largest telematics North America-based service providers.The current order follows a initial 1K unit order for the same.The deal is one of the largest order of MICT's SmartCam product since launch in August 2020 and is expected to lead to significant volumes of additional orders in the coming months.

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MICT trades high on subsidiary's follow-on order