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OTI has developed innovative urban electronic public transport ticketing and validation systems for secure cashless / contactless payment transactions that are EMV certified. Fuel Payments Advanced controlled fuel management and tracking incorporating Automatic Vehicle Identification (AVI), Vehicle Tracking and Diagnostics. OTI – On Track Innovations Information Technology and Services Your Point of Contactless Payments. On Track Innovations is a retail company that designs, develops, and markets cashless payment solutions. The company provides businesses globally with innovative solutions, forging new business models, growing revenues, streamlining, and creating measurable value for end-users. OTI’s field-proven series of cashless payment solutions based on pilotenkueche.ded: OTI – On Track Innovations | 2, followers on LinkedIn. Your Point of Contactless Payments | OTI (OTCQX: OTIVF) is the pioneer and leading developer of cutting-edge cashless payment solutions incorporating NFC (Near Field Communications) technologies. For nearly 30 years, OTI has built an international reputation for reliability and innovation by providing operators and integrators with.
On Track Innovations Ltd. OTI OTCQX: OTIVF , a global provider of near field communication NFC and cashless payment solutions, today announced that on December 23, , it entered into a share purchase agreement the „Agreement“ with Jerry L. Ivy, Jr. Descendants‘ Trust „Ivy“ and two other investors who are members of the Company’s Board of Directors the „Board“. The initial closing of the private placement took place on December 23, A subsequent closing the „Subsequent Closing“ for the remainder of the amount to be invested is subject to the Company obtaining approval of its shareholders to, among other things, an increase the authorized share capital of the Company.
In addition, under the terms of the Agreement and following the initial closing, the Board agreed to appoint one representative to the Board, designated by Ivy. An additional representative designated by Ivy will be appointed to the Board following the Subsequent Closing. Yehuda Holtzman, CEO of OTI commented: „Mr. Ivy, together with two of our directors have shown this investment as a vote of confidence in OTI.
We intend to use these funds to support OTI’s growth. The ordinary shares will not be registered under the Securities Act and may not be sold in the United States absent registration or an exemption from registration.
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On Track Innovations provides cashless payment solutions, including near-field communication products, that are used in businesses such as banking, mobile network operators, vending machines, mass transit, gas stations, and parking. OTI’s field-proven suite of cashless payment solutions is based on an extensive global IP portfolio of 35 patent families and more than patents and patent applications.
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October 29, ET Source: OTI On Track Innovations Inc. OTI On Track Innovations Inc. Rosh Pina, ISRAEL. FRANKFURT, Germany, Oct. The system authenticates an individual’s identity by incorporating the use of state-of-the-art, contactless microprocessor-based smart cards and biometrics technologies to allow automatic, secure border passage through an integrated ID gate system.
The Biometric Access Control System allows absolute personal identification of people during movement to and from classified locations. The system monitors the entrance and exit of around , daily workers to the Israeli territories while assuring a completely secure, exceptionally fast border crossing. Improved security and efficiency at the border is achieved through automatic inspection of passengers based upon innovative integrated biometric technologies of hand geometry and facial recognition.
By comparing data collected on location in 4 – 9 seconds for total crossing time, through hand and facial identification with available card information, the system is able to approve or deny passage. Card Applicants will be required to provide personal information and to undergo a process of facial and hand scanning.
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News for OTI On Track Innovations Ltd. PR Newswire 10d. On Track Innovations Ltd. Seeking Alpha 85d. On Track Innovations reports Q1 results. Seeking Alpha d. On Track Innovations inks distribution agreement with Secure Retail. On Track Innovations reports Q4 results. Markets Insider Automation d. OTI On Track Innovations earnings: here’s what to expect. Here’s what Wall Street expects from OTI On Track Innovations’s earnings report.
OTI On Track Innovations earnings: here’s what Wall Street expects. PR Newswire d. Here’s what to expect from OTI On Track Innovations’s earnings report.
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OTI OTCQX: OTIVF , a global provider of near field communication NFC and cashless payment solutions, will release its financial results for the second quarter ended June 30, before market opens on Thursday, August 12, Management will host a live investor conference call at a. To participate, please use the following information: U. Investors and analysts may also submit questions they would like OTI to address on the call. Please dial in a few minutes before the start of the call and request to join the „On Track Innovations Q2 Earnings Conference Call“ to ensure timely participation.
The replay of the conference call will be available via the investor relations section of the company’s website. On Track Innovations OTI is a global leader in the design, manufacture, and sale of secure cashless payment solutions using contactless NFC technology. OTI’s field-proven innovations have been deployed around the world to address cashless payment, automated retail and petroleum markets.
OTI distributes and supports its solutions through a global network of regional offices and alliances. For more information, visit www. OTI Investor Relations Contact: Ehud Helft GK Investor and Public Relations 1 OTI gkir. The natural-gas fuel technology company’s second-quarter numbers appear good, but there’s more than meets the eye.
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ISELIN, N. Eastern Daylight Time. The Company has scheduled a conference call and simultaneous Web cast that will be hosted by Oded Bashan, Chairman and CEO, Ohad Bashan, President and Tanir Horn, CFO. For those unable to participate, the teleconference will be available for replay until midnight April 4th, by calling U. Established in , OTI Nasdaq:OTIV designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets.
Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking and loyalty programs. OTI has a global network of regional offices to market and support its products. The On Track Innovations Ltd. This press release may contain forward-looking statements within the meaning of the „safe harbor“ provisions of the Private Securities Litigation Reform Act of and other Federal securities laws.
Whenever we use words such as „believe,“ „expect,“ „anticipate,“ „intend,“ „plan,“ „estimate“ or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on OTI’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release.
Forward-looking statements could be impacted by market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI’s Annual Report on Form F for the year ended December 31, , which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved.
Except as otherwise required by law, OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.
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How can you help your self-service business grow? What are the latest trends in the kiosks market? Secure Retail Ltd and OTI’s Electric Vehicle Charging Point EVCP payment solutions are simply electrifying! EV evcharging paymentsolutions. Stop in to hear about the exciting contactless payment solutions we have for your vending business! The EV market is being driven at a tremendous pace!
This market growth demands advanced unattended secured payment solutions for EV charging stations.
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OTI – On Track Innovations March 8 · Today we celebrate the amazing mOTIvation of the women at the OTI GROUP, together with the multitudes of women around the world who are making an impact on their surroundings, every day.5/5(5). On Track Innovations Ltd. (OTI) (OTCQX: OTIVF), a global provider of near field communication (NFC) and cashless payment solutions, today announced that its previously announced rights offering Ask: N/A x N/A.
OTI is the pioneer and leading developer of cutting-edge contactless unattended payment solutions incorporating NFC Near Field Communications technologies. We make it simple to integrate and adopt EMV payment solutions. OTI earned international reputation for innovation and reliability by providing operators and integrators with innovative technology and solutions based on our extensive global IP portfolio of over 25 Global patents.
With over 30 years of expertise, 1,, hardware devices sold worldwide and a growing Fortune customer base, OTI is one of only four companies in the world with EMV modular certification making it virtually future proof for implementing changes and upgrades. We deliver shorter integrations and quicker time to market for the following unattended market verticals:.
These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other media. Your Point Of Contactless Payments. Innovating the Payment Industry. Who we serve. An easy and affordable way to integrate a certified EMV payment, contactless payment and remote management solutions for unattended kiosks and self-service business.
An easy and affordable way to integrate a certified EMV payment solutions for vending machines including payment, telemetry, remote management and alerts. An easy and affordable way to integrate a certified EMV payment acceptance solutions for Family Entertainment Centers.