Micronet Enertec’s M-307 Rugged Computer Tablet Added to XRS Corporation’s Certified Device List

MONTVALE, N.J., Oct. 20, 2014 /PRNewswire/ — Micronet Enertec Technologies, Inc. (NASDAQCM: MICT) announced that XRS Corporation (NASDAQCM: XRSC) has certified Micronet Enertec’s M-307 rugged computer tablet to run the XRS solution. 

The Android-enabled M-307 computer tablet is a fixed in-cab, fit-for-purpose, rugged device.  The product works effectively in extreme environments, withstanding vibration, shock and humidity changes often experienced in in-cab environments, and enables corporate lock down and security to better ensure up time.

“We are pleased that XRS has certified our rugged device hardware as part of their solution,” stated Shai Lustgarten, Chief Executive Officer of the Company’s subsidiary, Micronet Ltd. “XRS has a rigorous certification process and is keenly focused on offering their customers a high quality portfolio of customized solutions in order to help fleet operators maximize their ROI.  We look forward to continuing to work with XRS to gain more certifications in order to offer customers additional cutting edge devices.”

XRS Corporation delivers fleet management and compliance software solutions to the trucking industry to help maintain regulatory compliance and reduce operating costs. XRS Corporation is leading the trucking industry’s migration to mobile devices for collecting and analyzing compliance and management data.

About Micronet Enertec Technologies, Inc.

Micronet Enertec Technologies, Inc. (NASDAQCM: MICT) operates through two companies, Enertec Systems 2001 Ltd (“Enertec”), its wholly-owned subsidiary, and Micronet Ltd (“Micronet”), in which it has a controlling interest.  Micronet operates in the growing commercial Mobile Resource Management (MRM) market, mainly in the United States. Micronet designs, develops, manufactures and sells rugged mobile computing devices that provide fleet operators and field workforces with computing solutions in challenging work environments. Enertec operates in the Defense and Aerospace markets and designs, develops, manufactures and supplies various customized military computer-based systems for missile defense systems, command and control and others.  The Company’s products, solutions and services are designed to perform in severe environments and battlefield conditions. For more information please visit: www.micronet-enertec.com[1], the content of which is not incorporated by reference into this press release.

Forward-looking Statement

This press release contains express or implied forward-looking statements within the Private Securities Litigation Reform Act of 1995 and other U.S. Federal securities laws.  These forward-looking statements include, but are not limited to, those statements regarding potential growth of the Company’s MRM business with increased market share in the higher growth local fleet vehicle vertical, business strategy and plans for future operations. Such forward-looking statements and their implications involve known and unknown risks, uncertainties and other factors that may cause actual results or performance to differ materially from those projected. The forward-looking statements contained in this press release are subject to other risks and uncertainties, including those discussed in the “Risk Factors” section and elsewhere in the Company’s annual report on Form 10-K for the year ended December 31, 2013 and in subsequent filings with the Securities and Exchange Commission. Except as otherwise required by law, the Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

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SOURCE Micronet Enertec Technologies, Inc.

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