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Pointer Enters Smart Car Market

|Includes: MBLY, Pointer Telocation Ltd. (PNTR)

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.

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