ASEC, a subsidiary of On Track Innovations Ltd (OTI) based in Poland, will provide the Transport Department of the City of Warsaw with additional public transportation and street parking contactless tickets. Following Warsaw, the program is expanding to other cities in Poland including Gdynia, Plock and Rybnik. The orders will exceed $500,000 and delivery is expected to be completed by the end of this year.
OTI Receives Additional Orders to Support the City of Warsaw and Additional Cities in Their Multiple Application Contactless Cards for Public Transportation and Parking Solutions
Orders are for More Than $500,000
Fort Lee, NJ, December 10, 2007–On Track Innovations Ltd (OTI) (NASDAQ GM: OTIV), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced that its subsidiary, ASEC S.A. (“ASEC”) in Poland, will provide the Transport Department of the City of Warsaw with additional public transportation and street parking contactless tickets. Following Warsaw, the program is expanding to other cities in Poland including Gdynia, Plock and Rybnik. The orders are for more than $500,000 and delivery is expected to be completed by the end of this year.
Warsaw residents use OTI’s contactless cards for bus, tramway, or metro rides, as well as for street parking. ASEC also provided additional services and products for the project including: terminals with integrated contactless readers that enable card loading and perform sale transactions, as well as automated ticket vending machines and software for data gathering and sales monitoring.
Oded Bashan, Chairman & CEO commented: “we are pleased with the expansion of the mass transit project in Poland and the ability to provide additional services and products.”
Established in 1990, OTI (NASDAQ GM: 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, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.
For more information on OTI, visit http://www.otiglobal.com, the content of which is not part of this press release.