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Technology Stocks : On Track Innovations Ltd. (OTIV)
OTIV 1.06-0.8%Dec 8 8:10 PM ESTNews

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From: JakeStraw11/7/2014 10:00:10 AM
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oti's EasyPark System Selected by Major African Capital to Support 300,000+ Drivers
finance.yahoo.com

"This new contract is in line with our growth strategy of entering long-term contracts for the supply of municipal parking management equipment and services," said Ofer Tziperman, CEO of PARX and oti. "Our patented parking technology allows us to provide municipalities a compelling value proposition in markets that are exhibiting strong growth."

"We have especially high expectations for the African market, which represents a significant untapped market opportunity," added Tziperman. "EasyPark offers a unique combination of a payment system and parking enforcement system, which allows us to provide the best service to both municipalities and drivers in the emerging African market."
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