|
Press Release
|
For Immediate Release
OTI to Present Innovative New
Products for Mobile Payments and ID at
CARTES and IDentification 2009 Show in Paris
- Demonstrations include ID, Medical, Parking, Mass Transit, Payment Solutions to Support
Global Contactless Projects
- Ohad Bashan, OTI's President is a Featured Speaker on Contactless in
Parking Implementations
Iselin, NJ November 16,
2009
On Track Innovations Ltd (OTI) (NASDAQ-GM: OTIV) global leader in
contactless microprocessor-based smart card solutions, will showcase its range of
contactless solutions at the CARTES and IDentification show in Paris in booth 4 K 017
between November 17-19 at the Paris-Nord Villepinte Exhibition Center in Paris, France.
Ohad Bashan, President of OTI, will
speak on Tuesday, November 17, at 5pm about Contactless and Parking Applications
Combining Infrastructure and Technology as part of the CARDS & PAYMENTS
2009 track.
Payments:
NEW!
OTI will introduce the
new version of its Smart Sticker a credit card thickness sticker, that can be
adhered to the back of the mobile phone turning it into a payment device. The product
provides a perfect solution for mobile operators and financial institutions interested in
joining forces to increase market share and addressing additional usages for the mobile
phones already in the hands of the customers. The unique thickness of the stickers allows
for mass personalization and deployment of the sticker, using existing equipment.
OTI will also demonstrate its suite
of MasterCard and Visa certified products including payment devices and readers. Payment
devices include key fobs and additional form factors. OTI readers include solutions for
indoor and outdoor markets, including countertop reader, solutions for vending machines,
petroleum and mass transit markets.
SmartID:
OTI will present its solutions and
capabilities in secured end-to-end ID solutions, including the MAGNA complete
product solutions and electronic passport demo. Specifically, OTI will demonstrate its
flexible and modular solutions that uniquely address countries which have to deal with
lack of infrastructure, without compromising on performance or security.
NEW!
OTI will introduce its
new Mobile Registration System (MRS), a modular integrated solution for capturing textual
(demographic) and biometric characteristics of individuals. The MRS is ideal for
enrollment in rural areas with harsh conditions.
MediSmart:
OTIs MediSmart is a personal
portable medical database, transforming the patients electronic health record (EHR)
to a portable medium, enabling sophisticated patient and provider authentication,
implementing secure encryption and providing integration with legacy IT systems.
Parking:
OTI will also demonstrate its
in-vehicle parking meter solution, EasyPark
TM
.
With EasyPark, the driver simply parks his car and turns on the contactless in-vehicle
parking meter device displayed in the car window; upon returning to the vehicle, the
driver turns the device off. This creates a second to none user experience by eliminating
the need for cash, change, looking for a parking meter and support personnel, and creates
a uniquely convenient user experience. The EasyPark system can be used for both on-street
parking payments and for parking lots, where the device is presented at the gate when
entering or exiting the lot.
About OTI
Established in 1990, OTI (NASDAQ- GM: OTIV) designs, develops and markets secure contactless
microprocessor-based smart card technology to address the needs of a wide variety of
markets. Applications developed by OTI include product solutions for petroleum payment
systems, homeland security solutions, electronic passports and IDs, payments, mass transit
ticketing, parking and loyalty programs. OTI has a global network of regional offices to
market and support its products. The company was awarded the Frost & Sullivan 2005 and
2006 Company of the Year Award in the field of smart cards.
For more information on OTI, visit
www.otiglobal.com
, the content of which is not part of this press release.
Safe Harbor for
Forward-Looking Statements:
This press release may contain
forward-looking statements within the meaning of the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995 and other Federal securities laws.
Whenever we use words such as believe, expect,
anticipate, intend, plan, estimate or
similar expressions, we are making forward-looking statements. Because such statements
deal with future events and are based on OTIs current expectations, they are subject
to various risks and uncertainties and actual results, performance or achievements of OTI
could differ materially from those described in or implied by the statements in this press
release. For example, forward-looking statements include statements regarding our goals,
beliefs, future growth strategies, objectives, plans or current expectations, such as
those regarding the superiority or uniqueness of our products. Forward-looking statements
could be impacted by market acceptance of new and existing products and our ability to
execute production on orders, as well as the other risk factors discussed in OTIs
Annual Report on Form 20-F for the year ended December 31, 2008, which is on file with the
Securities and Exchange Commission. Although OTI believes that the expectations reflected
in such forward-looking statements are based on reasonable assumptions, it can give no
assurance that its expectations will be achieved. Except as otherwise required by law, OTI
disclaims any intention or obligation to update or revise any forward-looking statements,
which speak only as of the date hereof, whether as a result of new information, future
events or circumstances or otherwise.
|
|
|
|
|
|
|
|
|
|
OTI Contact:
|
Investor Relations:
|
Galit Mendelson
|
Miri Segal
|
Vice President of Corporate Relations
|
MS-IR LLC
|
201 944 5200 ext. 111
|
917-607-8654
|
galit@otiglobal.com
|
msegal@ms-ir.com
|
On Track Innovations (NASDAQ:OTIV)
Historical Stock Chart
From Jun 2024 to Jul 2024
On Track Innovations (NASDAQ:OTIV)
Historical Stock Chart
From Jul 2023 to Jul 2024