MICT Inc (NASDAQ:MICT) climbed after the company announced Brookfield Interactive, ParagonEx, and MICT will merge and form a new company called Global Fintech Holdings.
ParagonEx is a leading developer and global provider of software solutions and related services for online trading in contracts-for-difference in over 500 different underlying global financial instruments such as stocks, indices, commodities, exchange-traded funds and foreign exchange.
Brookfield Interactive brings to GFH, a technology, content and services company with a focus on the Chinese lottery, sports and gaming markets.
The Montvale, New Jersey firm announced Monday it has received three new purchase orders for the supply and delivery of its fourth-generation TREQ®-317 hardware platform, from a current customer, a leading U.S. telematics service provider, in the total amount of $1,400,000.
The TREQ®-317 hardware platform is a rugged Android™ based fix-mount on board computer, offering advanced functionality at a competitive price.
Installed in the driver's cabin the TREQ®-317 hardware platform enables, inter alia, monitoring and management of vehicle fleets including Android based advanced computing assignments such as follow-up of tasks, two-way communication with the fleet manager, remote vehicle and engineering equipment diagnostics, monitoring behavior and drivers hours of services.
The Micronet's TREQ®-317 enables real-time monitoring capabilities of both vehicle and driver activity and is compliant with the US electronic logging device (ELD) regulations which mandate and regulates commercial truck drivers which requires among other reporting of hours of service and other safety data in a electronic manner .
MICT shares jumped 31 cents, or 36.1%, to $1.17
