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Technology Stocks : On Track Innovations Ltd. (OTIV)
OTIV 1.03+9.3%Dec 15 8:10 PM ESTNews

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From: JakeStraw5/29/2014 8:55:16 AM
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oti Opens Albanian Parking Market with PARX’s EasyPark System
finance.yahoo.com

Collaboration with TIS Ltd. Begins with 4,000 Managed Parking Spaces

The agreement includes general and financial management services, parking fees collection, enforcement, an advanced permit system and customer support. At its inception, the contract includes approximately 4,000 managed parking spaces, a number that is expected to increase during the term of the project.

"Our work in Albania is part of our continuing strategy of entering long-term public/private partnership contracts for municipal parking management,” said Ofer Tziperman, CEO of both oti and PARX. “PARX’s unique parking technology, EasyPark™, allows us to provide municipalities with an unequal value proposition in a market which we expect to exhibit spectacular growth in the very near future.”
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