NJ TECH CORNER: Micronet Ernetec Technologies, Inc.
Photo: David Lucatz, president and CEO of Micronet Enertec Technologies
  Photo Credit: Courtesy Micronet Enertec
David Lucatz, president and CEO of Micronet Enertec Technologies   | Courtesy Micronet Enertec

Company Overview

Micronet Enertec Technologies, Inc. (NASDAQ: MICT) is a Montvale-based developer and manufacturer of rugged computers and tablet computer-based systems for the commercial Mobile Resource Management market for the aerospace and defense markets.  The company operates primarily two companies, Enertec Systems  2001 Ltd, a wholly owned subsidiary, and Micronet Ltd.  The company was initially known as Lapis Technologies, Inc. when it was founded in 2002 but changed to its current name in 2013. The Montvale-based company has a global workforce of 162 employees.

Investment & Financial Information

 

Shares of common stock outstanding (as of April 27, 2018):

9,144,465

Share price of stock (as of April  27, 2018 )

  $1.54

Share price of stock (one year ago)

  $1.26

Current valuation (as of April 27, 2018)

  $14.1 million

Valuation one year ago

  $  7.8 million

Stock Symbol:

MICT

Revenues  (as of Dec. 31, 2017)

$18.366 million

Revenues (previous year)

$13.284 million

Net Income (Loss) (as of Dec. 31, 2017)

($9.961 million)

Net Income (previous year)

($7.513 million) 

 
 Management Team

 

Name

Age

Title

David Lucatz

61

Chairman, CEO and President

Tali Dinari

47

Chief Financial Officer

  


Board of Directors

 

Name

Age

Title

David Lucatz

61

Chairman, CEO and President; Chairman, CEO and President, DL Capital Ltd.

Chezy (Yehezkel) Ofir

66

Member of the boards of directors of various companies; faculty member and chairman of the marketing department at Hebrew University

Jeffrey Bialos

62

Partner, Sutherland, Asbill & Brennan LLP; Member of the New Council on Foreign Relations; former U.S. Deputy Undersecretary of Defense for Industrial Affairs

Miki Balin

47

Founder and CEO, Targetingedge Ltd.; General Manager, Rina Shinfield Ballet Theater

 

Noteworthy Control

 

Name

Shares of common stock owned

% of total common shares

David Lucatz

2,547,200

 

 28.4%

 

 D.L. Capital Ltd.

  2,597,200

  28.4.7%

 UTA Capital LLC

  726,746

  7.95%

 Meydan

  600,000

  6.56%

 

[All information for NJ Tech Corner was taken from the company's annual reports and proxy statements and other company sources, with the exception of the company's stock price and valuation.]

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