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Micronet’s New Telematics Tablet SmarTab8 Receives U.S. FCC Authorization

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MICT, Inc., announced that Micronet Ltd, an entity in which MICT holds a voting interest of 37.48%, has received U.S. Federal Communications Commission (FCC) authorization for its new, advanced rugged tablet(the “SmarTab8”), for 2.4GHZ, 5GHZ and LTE bands.

With the launch of SmarTab8, Micronet believes that it has significantly improved its offering to the fast-growing broader telematics market.

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The SmarTab8 is the most advanced solution in Micronet’s offering, joining the family of the SmarTab5, SmartHub and SmartCam, which are all based on an open software platform and Android operating system, enabling running third party applications and easing development efforts for customers, while generating recurring software-as-a-service (“SaaS”) revenue for Micronet.

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MICT’s Interim CEO, Mr. Darren Mercer stated, “SmarTab8 is a highly innovative product, integrating powerful computing power, enhanced user interface and complete telematics features set to bring what we believe is a new value proposition to telematics customers through its All-In-One approach. This approach combines the telematics control unit, open computing system, and a tablet in a single device. By launching SmarTab8, we believe that Micronet will expand its reach into the fastest growing segment of the multi-billion-dollar telematics market, while also increasing its SaaS revenues through software services.”

Through its contemplated acquisition of GFH, the Company is pursuing a strategy to provide a fintech trading platform that represents a ‘one-stop-shop’ full-service solution to B2C and B2B customers in China and several other key markets in the world. The core platform utilizes proprietary technology to deliver an intuitive and innovative user-experience, which can be white-labeled by strategic partners and also interface with other platforms already used by those businesses.

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