Micronet Enertec Technologies Enhances Management Team with New Executives of
Business Development & Sales
Strategic appointments of Shai Lustgarten and Sandy Mayer Add Accomplished
Executives to Propel Vision and Growth of MRM & Aerospace Globally
EMERSON, N.J., Nov. 21, 2013
EMERSON, N.J., Nov. 21, 2013 /PRNewswire/ --Micronet Enertec Technologies,
Inc. (NASDAQ: MICT), a developer and manufacturer that integrates and globally
markets rugged computers, tablets and computer-based systems for the
commercial Mobile Resource Management (MRM) market and for the defense and
aerospace markets, today announced two strategic executive appointments
designed to further position the company as a global leader in the MRM and
Industry veteran, Mr. Shai Lustgarten, has joined as Executive Vice President
of Business Development.
Mr. Lustgarten brings extensive and proven experience in similar positions
with industrial global companies operating in international markets in both
the commercial and defense electronics fields and related industries. Prior to
joining MICT, he served for five years as Vice President Sales, Marketing &
CMO of TAT Technologies Group (NASDAQ: TATT), a world leading supplier of
electronic systems to the commercial and Aerospacemarkets. During his tenure
with TATT Mr. Lustgarten established, developed and maintained business
relationships with major Airlines and Aerospace contractors in the US and
worldwide, such as Boeing, Lockheed Martin, Honeywell, Air France – KLM,
American Airlines and many others. Prior to that, Mr. Lustgarten was Director
of Business Development of SGD Engineering Ltd, a provider of specialized
commercial aviation and Aerospace solutions.
Prior to his business career, Mr. Lustgarten served as the assistant to the
Military Attachee at the Embassy of Israel in Washington, DC. He holds a B.Sc.
of Business Management & Computer Science from the University of Maryland.
Mr. Sandy Mayer, appointed as sales and marketing manager for the North
America market in Micronet Ltd, our MRM subsidiary and division, brings over
20 years of business experience in the Telematics, Wireless and location-based
services industries. Prior to joining our group, Mr. Mayer held several
leadership positions, most recently serving as Mobile Device Ingenierie's
general manager for the Americas, where he oversaw the company's successful
penetration and growth throughout the continents. Previously, Mr. Mayer was
co-founder of SigmaOne Communications, a pioneer in location-based services.
"We are excited to have Shai and Sandy join MICT group," commented David
Lucatz, Chief Executive Officer of Micronet Enertec Inc. "Their proven
experience in sales and marketing in our primary sectors of focus will be
invaluable in the coming months as we expand our footprint globally and pursue
new opportunities in both the MRM/Fleet Management and the aerospace markets.
We now have the senior sales leadership in place, matched perfectly withour
next generation of innovative products and technology solutions."
"I am thrilled to join MICT at this time of rapid growth and new market
entry," commented Mr. Lustgarten. "Micronet Enertec's solutions are among the
most advanced in the industry, and I look forward to taking our sales to the
next level by expanding our brand, broadening our distribution, adding new
channels, and working with our defense and technology VAR and service provider
About Micronet Enertec Technologies, Inc.
MICT is a technology company that designs, develops, manufactures and sells
rugged mobile computing devices that provide the MRM (Mobile Resource
Management) market, fleet operators and field workforces with computing
solutions in challenging work environments.
The Company operates through two subsidiaries,Enertec Systems 2001
Ltd("Enertec"), its wholly-owned subsidiary, andMicronetLtd ("Micronet"),
in which it has a controlling interest. Micronet operates in the growing
commercial Mobile Resource Management (MRM) market, mainly in the United
States.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.
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 future growth and rates of growth, new
market entry, pursuing new opportunities, expansion of the company's brand,
broadening distribution and addition of new channels. 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.
Contact: Miri Segal Scharia, Managing Partner Global Accounts & IPOs, Hayden/
MS-IR LLC, 917-607-8654, email@example.com
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