Technology Stocks : On Track Innovations Ltd. (OTIV)
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From: JakeStraw8/26/2014 8:51:30 AM
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oti America Receives $800K Order for NFC Readers From New Channel Partner for the Self-Service Market

"This win is our third major new U.S. channel partnership in 2014," said Gonen Ziv, president of oti America. "It also marks our entrance into a new multi-billion dollar self-service market, which is in the early stages in its conversion to cashless payment solutions.

"Our Saturn 6500 NFC readers' family are the ideal solution for all self-service industries. When integrated on different machines it presents patrons with a quick and easy way to pay.

"There is no doubt this new market represents a big opportunity for oti. We are confident our solutions will become the 'de facto standard' cashless payment technology for this multi-billion dollar industry. We expect to build on this momentum over the months and years ahead."
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