Micronet Enertec purchased additioanl 3% of Micronet, increased ownership to 51%

Micronet Enertec announced that the company, via its wholly owned subsidiary Enertec Electronics, exercised its right pursuant to the call option granted under the agreement and purchased an additional 3% of the issued and outstanding shares of Micronet. The company paid a total amount of $311,608 increasing Micronet Enertec ownership to 51% of the issued and outstanding shares of Micronet.