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MER Group is awarded another important contract in the field of HLS

The company will build and upgrade a Safe City system in a Central African nation for 30 million NIS.
The 30 million NIS contract follows the award of two recent contracts in Central Africa in the areas of homeland security, national security policy, and energy.

Holon, August 16, 2017: MER Group (TASE: CMER), provider of telecom, security, intelligence, and cyber solutions, announced that it was awarded the contract to establish and upgrade a Safe City in a Central African country valued at 30 mil.

The award of the project, which is expected to be completed towards the end of the first quarter of 2018, comes on the heels of the announcement earlier in the week of the award of two other contracts in central Africa in the areas of homeland security, national security policy, and energy, totaling NIS 30 million.

Nir Lempert, MER Group’s CEO ““The signing of the recent contracts was achieved thanks to the Group’s focus on the HLS sector, and this, despite the general trend in Africa over the past year pointing to a decline in investment on the continent. We are sustaining our strong efforts and expanding activities in the fields of HLS, cyber security, and intelligence around the world.”

About MER Group

MER Group (TASE: C.MER) is a global Israeli Company that focuses its operations in five core fields: communications infrastructure and optical fiber; HLS (Homeland Security including safe cities, strategic installations, smart cities, campuses and smart buildings); cyber intelligence services; intelligence and investigative systems based on BIG DATA technology; and tactical communications solutions for emergency and lifesaving forces (first responders) and armies (see land and air).

The Company, through its subsidiaries offers end to end holistic solutions that include consulting, development, manufacture, integration, implementation and training adapted to the customer’s needs. The Group’s customers include governmental, municipal and security agencies, banks, communications operators and more. The Company has a number of software and electronics R&D centers as well as manufacturing plants in Israel and around the world.

MER Group employs about 1,200 employees, number tens of subsidiaries and is active primarily in Latin America, the USA, Africa and Israel. MER is managed by Nir Lampert and is controlled by Haim MER, the FIMI fund and Yitzchak ben Basat. It has been traded on the TA exchange since 1992. MER’s headquarters are located in Holon.

www.mer-group.com

Media Contact

Dafna Ratzon

Marcom Manager

dafna_r@mer.co.il