MICT, Inc. (NASDAQ:MICT) Q3 2018 Earnings Conference Call Transcript

Nov 27, 2018 • 09:00 am ET

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MICT, Inc. (NASDAQ:MICT) Q3 2018 Earnings Conference Call Transcript

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Presentation
Operator
Dilek Mir

Ladies and gentlemen, thank you for standing by. Good morning and thank you for calling in to review MICT Incorporated Third Quarter 2018 Results. Management will provide an overview of the results followed by a question-and-answer session. Importantly, there is a slide presentation which management will use during their overview.

This presentation can be found on the Investor Relations section of the Company website at www.mict-inc.com under Events and Presentations. You may also access a PDF copy of the presentation by clicking the link in the Company's press release regarding these financial results issued this morning and the clicking the second link, labeled Q3 2018 Results. Callers accessing the PDF copy of the presentation will need to manually scroll through the presentation slides as management goes through the presentation.

I will now take a brief moment to read the Safe Harbor statement. During the course of this call, management will make express and implied forward-looking statements within the Private Securities Litigation Reform Act of 1995 and otherUS Federal Securities laws. These forward-looking statements include but are not limited to those statements regarding the proposed series of transactions and timing of certain events associated therewith, with BNN Technology PLC, or BNN, those statements regarding our believe that with an increasing number of companies having met their electronic lodging device or ELD mandate requirements, we are seeing a drop in demand and changes in the customers need.

Our belief that we expect to deliver on our backlog in the fourth quarter of 2018, the timing of the release and success of new market initiatives, projects and product offerings and the potential for the second phase of additional trucks that may require compliance with the ELD mandate. Such forward-looking statements and/or 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 presentation 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, 2017, 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 obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

Please note that the date of this conference call is November 27, 2018 and any forward-looking statements that management made today are based on assumptions that are reasonable as of this date, except as otherwise required by law the Company is under no obligation to an express the disclaims any obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise. In connection with the proposed transaction with BNN, if an agreement is consummated, MICT and BNN will prepare a proxy statement plus prospectus for MICT's stockholders and a registration statement on Form S-4 to be filed