Micronet Enertec (MICT) Reports Q1 Loss of $0.02/Share

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Micronet Enertec Technologies, Inc. Reports First Quarter Results

May 16, 2016 7:30 AM EDT

MONTVALE, N.J., May 16, 2016 /PRNewswire/ -- Micronet Enertec Technologies, Inc. (NASDAQCM: MICT), a developer and manufacturer of rugged computers, tablets and computer-based systems for the commercial Mobile Resource Management (MRM) market and for the defense and aerospace markets, today announced financial results for the first quarter ended March 31, 2016.

David Lucatz, Chief Executive Officer of Micronet Enertec Technologies, Inc. stated, "During the quarter we saw growing marketplace interest in our products as the transportation industry makes preparations to meet the requirements of the recent federal mandate requiring electronic logging... More