Micronet Enertec Technologies Awarded a $1.4M Purchase Order from a Leading Israeli Defense Contractor

 Micronet Enertec Technologies Awarded a $1.4M Purchase Order from a Leading
                          Israeli Defense Contractor

- a Follow-On Production Order for Special Units Previously Developed by

- Enertec's Equipment to be Installed in a State-of-the-Art Airborne System

- David Lucatz (CEO): "This order is for a mission-critical building block of
a leading defense system. It reflects a strong confidence in our products and

PR Newswire

EMERSON, N.J., Oct. 8, 2013

EMERSON, N.J., Oct. 8, 2013 /PRNewswire/ --Micronet Enertec Technologies,
Inc. (NASDAQCM: MICT),announced today that its wholly owned subsidiary,
Enertec Systems 2001 Ltd, was awarded a $1.4M follow-on purchase order to
provideprimary components for integration into an advanced defense airborne

The customer is a multi-billion dollar Israeli defense corporation that
provides innovative solutions for naval, land, air and space systems. This
customer has indicated that MICT may expect follow-on orders over the duration
of the program.

David Lucatz, President and CEO of Micronet Enertec Technologies, commented,
"Our critical defense components will be installed in a state–of-the-art
airborne system. This demonstrates our strong market position as a solution
provider and reflects the on-going confidence of our leading Industry
customers in the quality and reliability of our products. As threats increase
around the world, advanced defense systems such as the one we support, benefit
from growing interest and demand. We are proud to take part in strategic
programs such as this one, and we're confident that our technologies and
solutions will continue to benefit from these trends."

David Lucatz concluded: "We are pleased with the current backlog of our
defense sector, which includes sophisticated components for future state of
the art missile defense systems as well as production orders for our
previously developed equipment. The defense sector provides MICTwith
visibility and predictable revenue stream."

AboutMicronet Enertec Technologies, Inc.("MICT")

MICT, formerly known as LapisTechnologies, Inc., is a high technology company
that designs, develops, manufactures and sells rugged mobile computing devices
and computer based systems for the Mobile Resource Management (MRM) and
Aerospace markets.

MICT operates through two subsidiaries,Enertec Systems 2001 Ltd("Enertec"),
its wholly-owned subsidiary, andMicronet, in which it has a controlling
interest. Micronet operates mainly in the growing US commercial MRM market,
providing 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 formissile defensesystems, command and
control and others. For more information please
visit:www.micronet-enertec.com, the content of which is not a part of 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 receipt of additional follow on orders
and Enertec continue to benefit from trends in the defense industry. 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, 2012 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.

SOURCE Micronet Enertec Technologies, Inc.

Website: http://www.micronet-enertec.com
Contact: Miri Segal Scharia, Managing Partner Global Accounts & IPOs, Hayden/
MS-IR LLC, Tel: 917-607-8654, msegal@ms-ir.com
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