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   Technology StocksOn Track Innovations Ltd. (OTIV)


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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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From: JakeStraw1/15/2015 9:08:08 AM
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OTI PetroSmart Awarded Global Tender by Multinational Oil Company to Supply EasyFuel Plus
finance.yahoo.com

"We are particularly proud of this award, which not only serves as further validation of the superiority of the EasyFuel Plus solution and our technical architecture, which leverages our universal integration approach, but also serves to acknowledge OTI PetroSmart's track record, positioning and capacity to address the system integration; implementation; remote support and back-office information management and reporting requirements of major petroleum retailers," said Charlotte Hambly-Nuss, Managing Director of OTI PetroSmart.

EasyFuel Plus is based on oti's state-of-the-art contactless smart card technology platform, providing customers with maximum flexibility and security. The solution allows organizations to address fuel fraud and meet savings targets by automating the payment process and gathering of data for fuel management purposes.

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From: JakeStraw1/20/2015 8:49:05 AM
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oti WAVE NFC Payment Solution Adopted by Taiwanese Banking Consortium
finance.yahoo.com

oti Channel Partner, Tradelink Electronic Commerce, to Deliver WAVE as Part of Major Mobile Payment Deployment in Taiwan

The deployment includes oti's NFC-based WAVE audio-jack plugin device for smartphones, tablets and PCs. The patented WAVE device enables banking customers to perform NFC payment transactions, effectively transforming their devices into digital wallets. It also gives banks control over the Secure Element, eliminating dependency on third-party organizations like mobile network operators. As a common cross platform add-on, WAVE enables the desired flexibility to meet the Taiwanese market needs.

Certified by MasterCard and Visa, WAVE is the industry's first audio jack plug-in NFC payment solution, and the only one to receive certification from the major card associations. WAVE connects to the device's operating system via the audio jack, allowing for PIN code authentication and Over-the-Air capabilities, including reloading cash electronically, checking balances, remote personalization, and downloading new applications.

Users can add approved credit cards, payment cards, and loyalty cards to their new digital wallets via oti's patented and secure technology. This capability allows retailers to implement real-time value-added services like loyalty programs, location-based advertisements, and promotions.

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From: JakeStraw3/2/2015 8:57:32 AM
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oti Receives Five-Year Contract Extension for EasyPark in Israel
finance.yahoo.com

Launched in 2000, oti's patented in-vehicle parking meter has revolutionized Israel's on-street parking management and fee collection system. Since 2000, oti's subsidiary, EasyPark Limited, has sold more than 850,000 EasyPark devices and collected more than $165 million of parking fees for Israeli municipalities. The five-year contract extension will bring the total service time of the EasyPark system in Israel to 20 years.

"The contract extension reflects the effectiveness of EasyPark, the quality of the service we provide our customers, as well as the convenience it affords drivers," said Ofer Tziperman, CEO of oti. "In fact, about one of every four paid parking sessions in Israel is paid for using the EasyPark device."

oti has also continued to innovate with EasyPark. Over the last few years, it has added functionality and options to the device, including the ability to reload funds online via USB and extended battery life. EasyPark now serves more than 170 cities in 13 countries around the world, including France, Italy, Norway, Bermuda, United States, and New Zealand.

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From: JakeStraw3/26/2015 9:43:17 AM
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oti Receives Favorable Patent Infringement Ruling Against T-Mobile
finance.yahoo.com

U.S. District Court Grants Summary Judgment of Infringement on oti's Standard-Essential NFC Patent

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From: JakeStraw4/8/2015 10:42:11 AM
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oti's New CONNECT 3000 Telemetry Controller Expands Vending and Self-Serve Market Offering
finance.yahoo.com

CONNECT 3000 Enables Variety of M2M Communication Methods and Ability to Bundle With Any oti Cashless Payment Reader

oti's CONNECT 3000 telemetry unit is a compact, cost effective, and highly modular machine-to-machine (M2M) controller. CONNECT 3000 is designed to enable communication between machines, particularly vending machines, kiosks and meters, via various optional communication methods. The primary onboard communication channel options include cellular 3G data communication, SMS and Ethernet. The device also allows for other communication methods, like WiFi, Bluetooth, ZigBee and more, via a mini USB socket.

With a wide variety of communication interfaces and a robust software development kit (SDK), CONNECT 3000 is the ultimate M2M controller for enabling real-time clearing of cashless payments, and remote inventory control and maintenance information.

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From: JakeStraw6/16/2015 10:57:08 AM
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Strategic Relationship Between OTI PetroSmart and Wayne Fueling Systems Expands in Multiple Regions
finance.yahoo.com

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From: JakeStraw6/16/2015 10:58:58 AM
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Billing System Corporation and oti Partner to Provide NFC Payment Solutions in Japan
finance.yahoo.com

Billing System selected oti as its NFC solution provider and will introduce oti's suite of NFC-based cashless payment readers and devices to Japan's retailers, vending machine operators and taxi companies.

"This new alliance with oti is an important strategic step for us, given oti's already strong global presence, including its 50% market share of the U.S. connected vending machine market," said Toshihiko Eda, CEO of Billing System. "Our partnership positions Billing System to capitalize on the rapidly expanding contactless payment market in Japan."

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From: JakeStraw3/9/2016 8:44:29 AM
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oti Receives Significant Follow-On Orders for NFC Readers From Major North American Customer
finance.yahoo.com

"These orders build on our existing relationship with this customer, who will be using our industry-leading readers to drive organic growth among its customer base," said oti CEO Shlomi Cohen. "We believe there are additional opportunities to expand our relationship further with this customer, as we continue to establish oti's technology as the leading standard for NFC cashless payment solutions."

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From: JakeStraw3/23/2016 8:40:52 AM
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oti Reports Fourth Quarter and Full Year 2015 Financial Results
finance.yahoo.com

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