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MER Group continues its HLS momentum: The company has signed several security contracts in central Africa valued at approximately 30 mil. NIS

The contracts signed in Africa continue the long list of projects awarded to the company in the Caribbean, Central America, Eastern Europe and the USA, for HLS, communications, border monitoring and communications and emergency infrastructure. The contracts are valued at approximately 122 million NIS.

Holon, August 14, 2017: MER Group (TASE: CMER), provider of telecom, security, intelligence, and cyber solutions, announces that it has won tenders for two homeland security, national security and energy projects in central Africa, valued at approximately 30 million NIS.

The company expects to sign an additional contract in the next few days to establish and upgrade a safe city project.

The projects awarded in Africa, are an addition to the company’s reports over the last months about the tender that it won to develop smart-city infrastructure in the Caribbean valued at 55 million NIS; the supply and installation of sophisticated communications systems for several security facilities in a central African country, valued at approximately 20 million NIS; The border monitoring security project in eastern Europe valued at 17 million NIS and the 30 million NIS awarded to develop emergency communications infrastructure in an additional building in the World Trade Center complex in New York.

Nir Lempert, MER Group’s CEO “The many years of experience that MER Group has accumulated in the security and homeland security sectors, in addition to a long process of organizational changes in the group to improve the focus of our activities, have begun to bear fruit. The results of our efforts are reflected in the increasing number of contracts that the company has signed. The contracts in Africa join a long list of contracts that the company has recently signed for tenders and projects worldwide. We will continue to focus on HLS, cyber and intelligence so that our customers can benefit from our knowledge and experience”

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.

mer-group.com

Media Contact

Dafna Ratzon

Marcom Manager

dafna_r@mer.co.il