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OTI Introduces EasyPark™ Electronic Parking Management System to the U.S. Market Starting at the University of California Davis

[ 7. Feb. 2012 - 08:24]


Iselin, NJ, February 6, 2012 - On Track Innovations Ltd. (“OTI”) (NASDAQ GM: OTIV) announced today that the University of California Davis (UC Davis) Transportation & Parking Services office has selected OTI’s EasyPark™ electronic parking management and payment system for implementation on the UC-Davis campus. UC Davis has a student enrollment of approximately 36,000 (2010) and a parking inventory of over 16,000 spaces.

The UC Davis deployment marks EasyPark’s initial entry into the U.S. market and builds upon global deployments across 110 municipalities around the world, including in Israel, France, Italy and Bermuda, and total device sales of over 1.1 million units. Initial EasyPark device deliveries for the UC Davis program are expected during Q1 2012. EasyPark revenues consist of device sales as well as service fees.

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OTI Receives an Initial $6.9 Million Contract to Supply Electronic Immigration Control System in Panama

[31. Jan. 2012 - 14:35]


- Contract is OTI’s first in Panama and Builds Upon its Existing Secure ID Footprint in Latin America -

Iselin, NJ – January 30, 2012 - On Track Innovations Ltd. (“OTI”) (NASDAQ GM: OTIV) today announced that the Ministry of Public Security of Panama has awarded OTI with a contract for the supply, design, installation and integration of systems to monitor and improve immigration verification processes and overall immigration flow. OTI expects to recognize revenues of approximately $6.9 million, with the potential for additional revenue in future years from follow-on contracts.

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OTI to Present Innovative Mobile Payment and ID Products at CARTES & IDentification 2011 in Paris

[22. Nov. 2011 - 13:36]


Paris, France and Iselin, NJ – November 15, 2011 - On Track Innovations Ltd. ("OTI") (NASDAQ-GM: OTIV) a global leader in contactless microprocessor-based smart card solutions, will showcase its contactless payment and credentialing solutions at the CARTES & IDentification show in Paris (Booth 4 M 070), November 15-17, at the Paris-Nord Villepinte Exhibition Center.

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OTI is Establishing a Leading Position in the Growing Contactless Payments Market in Poland

[13. Apr. 2011 - 15:44]


ASEC (OTI’s Wholly Owned Subsidiary in Poland) Has Established Relationships with Multiple Chain Stores and Acquirers Throughout Country

ISELIN, N.J., April 12, 2011 – On Track Innovations Ltd., (OTI) (NASDAQ-GM: OTIV), a global leader in contactless smart card solutions, today announced that it has supplied over 7,000 contactless payments readers to support the growing contactless payments market in Poland.

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PARX, OTI’s Subsidiary, Expands International Presence in Europe, North America Parking Markets, Strengthens its Offering with Additional IP and Products through the Acquisition of Ganis Systems’ Assets

[ 3. Apr. 2011 - 19:24]


- Transaction will result in a unique turnkey in-vehicle parking solution with comprehensive back-office network, utilization of city resources, traffic management and on-line real-time parking information
- Acquisition Increases Pipeline of Opportunities and Opens New Markets

ISELIN, N.J., January 3, 2011 – On Track Innovations Ltd. (OTI) (NASDAQ-GM: OTIV), a global leader in contactless smart card solutions, has entered into an agreement through its subsidiary, PARX Ltd., to acquire the assets of Ganis Systems Ltd. (Ganis), a provider of parking solutions.

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