ROSH PINA, ISRAEL — (Marketwired) — 03/02/15 — (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, has received a five-year contract extension from the . for oti–s EasyPark parking management system.EasyPark includes a credit card-sized electronic device that can be preloaded with parking fees and function as an in-vehicle parking meter. Featuring a LCD screen and four functional buttons, the EasyPark device is designed to be intuitive and ea
ROSH PINA, ISRAEL — (Marketwired) — 02/17/15 — The board of directors of (NASDAQ: OTIV), announced today the resignation of Mr. Ofer Tziperman as Chief Executive Officer of oti. On February 10, 2015, Mr. Tziperman notified the board of his resignation from his respective positions as the Chief Executive Officer and as executive officer and board member of oti–s subsidiaries. Mr. Tziperman will continue to serve as the Company–s Chief Executive Officer until the earlier of August 10, 2015 o
CAPE TOWN, SOUTH AFRICA and ROSH PINA, ISRAEL — (Marketwired) — 01/15/15 — , a global value added reseller of petroleum payment solutions and a wholly owned subsidiary of (NASDAQ: OTIV), has been awarded a global tender to supply its AVI (Automated Vehicle Identification) solution, EasyFuel Plus, to an emerging multinational oil company for its retail operations which currently span across 3 major regions.The OilCo in question has embarked on a strategy to standardize its retail site archit
ROSH PINA, ISRAEL — (Marketwired) — 11/21/14 — On Track Innovations Ltd (oti) (NASDAQ: OTIV) today announced that it has priced an underwritten public offering of 6,250,000 ordinary shares at a price of $1.60 per ordinary share for aggregate gross proceeds of $10 million. oti expects net proceeds, after underwriting discounts and commissions and estimated offering expenses payable by oti, of approximately $9.1 million. oti has also granted to the underwriter a 30-day option to purchase up to
ROSH PINA, ISRAEL — (Marketwired) — 11/20/14 — On Track Innovations Ltd (oti) (NASDAQ: OTIV) today announced that it intends, subject to market and other conditions, to offer its ordinary shares in an underwritten public offering pursuant to its existing shelf registration statement. The company also intends to grant the underwriter of the offering a 30-day option to purchase additional ordinary shares to cover over-allotments, if any. Northland Capital Markets is acting as sole underwriter
ROSH PINA, ISRAEL — (Marketwired) — 11/07/14 — PARX Ltd., a subsidiary of (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, has secured a contract to supply its parking management system to a major African capital.EasyPark includes a credit card-sized electronic device that can be preloaded with parking fees and function as an in-vehicle parking meter. Featuring a LCD screen and four functional buttons, the EasyPark device is designed to be
ROSH PINA, ISRAEL — (Marketwired) — 11/04/14 — (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, has received full certification from major credit card associations and main standardization bodies for its new . The industry-wide certification makes TRIO one of the most advanced, fully-certified solutions available today for attended, unattended and self-serve payment applications.oti will present TRIO at in Las Vegas on November 2-5 in booth
