Pointer Enters Smart Car Market

Jan. 19, 2017 5:34 AM ETPNTR, MBLY-OLD
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Israel, Dual-Traded

Contributor Since 2006

TLV Strategist covers Israel-domiciled stocks in the MSCI Israel Capped Investable Market index, the Solactive ARK Israeli Innovation index, the BlueStar Israel Global Technology index and the MarketVector BlueStar Israel Global index. We regularly feature bloggers writing about those names.

I'm formerly Bloomberg's Tel Aviv-based Emerging Markets editor and sell-side equities research editor at McDonald & Co. Other editing and writing for InvestorPlace, Investopedia, Green Market Report, others. Member of Financial Writers Society.

Pointer Telocation Systems Ltd. (Nasdaq:PNTR) is entering the market for smart cars and avoiding accidents. The company today announced that it had won a tender to manage a five-year driver behavior project in cooperation with the American Transit Insurance Company (ATIC), which provides commercial insurance for rented cars in New York.

The company will supply 4,000 cars with systems that include Mobileye's technology.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Additional disclosure: www.globes.co.il/...

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