OTI's EasyPark Parking Solution Wins 2013 Bermuda TechAward for Most Innovative New Mobile App
January 13 2014 - 8:30AM
Marketwired
OTI's EasyPark Parking Solution Wins 2013 Bermuda TechAward for
Most Innovative New Mobile App
ROSH PINA, ISRAEL--(Marketwired - Jan 13, 2014) -
EasyPark, the fully integrated parking fee collection and
management solution offered by Parx Ltd., a subsidiary of On Track
Innovations Ltd. (OTI) (NASDAQ: OTIV), a global leader in cashless
payment solutions, has won the Bermuda 2013 TechAward for "Most
Innovative New Mobile App." The annual TechAwards recognize the
outstanding achievements being made in information technology in
Bermuda.
The EasyPark Mobile parking service solution was launched in
Bermuda in September 2013 by Agility Ltd., the local Parx
franchisee. EasyPark Mobile was recognized by the TechAward
committee for its truly innovative solution, which offers drivers
three convenient ways to pay for parking using their mobile phones,
including text, phone call or via smartphone application. In
addition to making payments, EasyPark Mobile allows drivers to set
parking reminders, add money to pre-paid accounts, manage long-term
parking remotely, view parking and billing history, and locate
one's vehicle.
"Winning the 2013 Bermuda TechAward is a reflection of our
ongoing commitment to providing innovative and industry-leading
cashless payment solutions based on our patented technologies,"
said Ofer Tziperman, OTI's CEO. "OTI's proprietary parking
technology allows municipalities to offer drivers a simple yet
innovative parking payment system, while increasing revenues and
lowering overhead. In fact, we have managed to expand EasyPark into
10 new municipalities over the last six months, bringing our total
deployments to 160 municipalities in 11 countries around the
world."
Norris Ebbin, Agilty's director, commented: "We are really proud
of this achievement, which formally validates our service offering
in the Bermuda market only four months after the initial launch of
EasyPark Mobile in mid-September. This award reveals how quickly
EasyPark Mobile has joined the EasyPark in-vehicle parking meter as
the comprehensive parking solution of choice for Bermuda's parking
community."
Parking enforcement in Bermuda is performed using gtechna's
Officer™ parking enforcement software, which is fully integrated
with the EasyPark Mobile service. "It was a pleasure to work with
the entire OTI team on the installation. The partnership between
OTI and gtechna creates a truly unique and world-class
solution," said Sergio Mastronardi, co-founder and CTO of
gtechna.
The integration of gtechna's Parking Right Engine and the
EasyPark Mobile service allows Bermuda to easily enforce using the
license plate as a common delimiter. The solution supports all
types of payment methods from paperless residential or business
permits, to advanced methods like pay by plate and pay by
mobile.
About PARX PARX Ltd. is a subsidiary of OTI that develops,
markets, operates and distributes advanced cashless parking
solutions, including the EasyPark™ system. For more information,
visit www.parxglobal.com
About gtechna gtechna develops e-Citation software to
automate law enforcement, parking and municipal code enforcement.
For over 20 years, gtechna has built an impeccable track record
with cities such as Pittsburgh, PA, Washington D.C., Baltimore, MD,
and Montreal PD.
About OTI On Track Innovations Ltd. (OTI) is a leader in
contactless and NFC applications based on its extensive patent and
IP portfolio. OTI's field-proven innovations have been deployed
around the world to address NFC and other cashless payment
solutions, petroleum payment and management, cashless parking fee
collection systems and mass transit ticketing. OTI markets and
supports its solutions through a global network of regional offices
and alliances. For more information, visit www.otiglobal.com.
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. Because such statements deal
with future events and are based on OTI's 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 receipt of future consideration from the sale of OTI's
SmartID Division, OTI's long term growth and profitability, further
penetration of the NFC markets and execution of OTI's growth plans.
The forward-looking statements contained in this press release are
subject to other risks and uncertainties, including those discussed
in the "Risk Factors" section and elsewhere in OTI's annual report
on Form 20-F for the year ended December 31, 2012 and in subsequent
filings with the Securities and Exchange Commission. 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.
Investor Contact: Scott Liolios or Matt Glover Liolios Group,
Inc. 949-574-3860 Email Contact
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