Micronet Enertec Technologies, Inc. Purchased Additional 3.9 Per Cent Of Micronet Ltd. & Increased Ownership To 62.5 Per Cent

Micronet Enertec Technologies, Inc. (NASDAQCM: MICT, the “Company”) announced today that its wholly owned subsidiary Enertec Electronics, Ltd. signed a definitive agreement to acquire 736,341 shares of Micronet Ltd (“Micronet”) constituting 3.9%

July 1, 2014