MICT, Inc. (NASDAQ:MICT) Q2 2019 Earnings Conference Call - Final Transcript

Aug 14, 2019 • 09:00 am ET


MICT, Inc. (NASDAQ:MICT) Q2 2019 Earnings Conference Call - Final Transcript


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Thank you. Good morning and thank you for calling in to review MICT's Second Quarter 2019 Results. Management will provide an overview of the results. 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's 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 then clicking a second link labeled second quarter 2019 results. Callers accessing the PDF copy of the presentation will need to manually scroll through the 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 expressed and implied forward-looking statements within the Private Securities Litigation Reform Act of 1995 and other US Federal Securities Laws. These forward-looking statements include, but are not limited to, those statements regarding the timing of the expected closing of the additional $1.75 million in the funding announced on July 2019 that believe that Micronet Limited's sales with current customers reflect a sign of confidence and satisfaction from Micronet's customer base, that MICT has a strong balance sheet with which to move forward with the planned completion of the definitive agreement with BNN Technology PLC, or BNN, ParagonEX Ltd. and other third parties, and the belief that MICT and BNN, with a combined management team, expertise and connections in global markets, can achieve market leading positions in the technology markets they target.

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 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, 2018 filed with the Securities and Exchange Commission, and in the company's annual report on Form 10-Q for the quarter ended June 30, 2019 filed with the securities and exchange commission.

No offer or solicitation: This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transaction or otherwise, nor shall there will be any sale issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933 as amended, subject to certain expectations to be approved by the relevant regulators or certain facts to be ascertained, the public offer will not be made directly or indirectly in or into any jurisdiction where to do