US Based Outdoor Vending Solutions Chooses OTI’s EMV Ready otiKiosk Readers and Telemetry Solution
April 17 2017 - 8:31AM
On Track Innovations Ltd. (OTI) (NASDAQ:OTIV), a global provider of
near field communication (NFC), cashless payment and fuel
management solutions, announces today that Outdoor Vending
Solutions (OVS) is partnering with OTI and Apriva to provide secure
EMV payments and telemetry for their bulk, unattended vending
solutions.
Texas based OVS manufactures and markets
cage-type vending machines for selling bulky items such as
firewood, charcoal and cases of bottled water and has exclusive
contracts with Texas Parks and Wildlife. Their machines also target
Big-box and convenience stores for unattended propane bottle sales
and exchange.
“Upgrading to a fully EMV compliant payment
solution that is also certified for use in hazardous locations such
as propane vending was an easy choice,” says John Agor, President,
OVS. “The otiKiosk solution powered by the Apriva gateway allows
our clients the ability to offer relevant goods and services to
their customers, even in remote and unattended
environments.”
“This is indicative of our strategy to further
expand our business activity in the US,” says OTI CEO Shlomi Cohen.
“We are providing pre-certified, off the shelf cashless payment
solutions that are very cost-effective. Cashless pays for itself by
increasing sales and the modularity, scalability and ease of
integration of our solutions makes the decision to switch to
cashless even easier. We expect to be deploying thousands of
otiKiosk systems in the next 24 months.”
otiKiosk comes with a full featured and
pre-integrated Terminal Management System (TMS) that allows
customers to manage their machines independently or as a service
provided by OTI.
For more information on OTI’s cashless payment solutions for
unattended retail environments visit the company’s website, follow
the company on Twitter or LinkedIn, or schedule a meeting with OTI
team at the upcoming NAMA OneShow.
About OTIOn Track Innovations (OTI) is a global
leader in the design, manufacture and sale of secure cashless
payment solutions using contactless NFC technology with an
extensive patent and IP portfolio. OTI’s field-proven innovations
have been deployed around the world to address cashless payment and
management requirements for the Internet of Payment Things (IoPT),
wearables, unattended retail and petroleum markets. OTI distributes
and supports its solutions through a global network of regional
offices and alliances, including UCP, Inc. in North America. For
more information, visit www.otiglobal.com.
Safe Harbor for Forward-Looking Statements This
press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 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. For
example, we are using forward-looking statements when we discuss
our expectations regarding our growth or profitability, reduction
of costs and expenses, expected divestitures, plans for our
existing and new products and services, penetration of new markets
and securing new customers, contributions of our regions to our
growth, resolution of our outstanding patent infringement claims,
strengthening of our balance sheet and delivery long-term
shareholder value. 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 the effects of the protracted
evaluation and validation periods in the U.S. and other markets for
contactless payment cards, or new and existing products and our
ability to execute production on orders, as well as other risks and
uncertainties, including those discussed in the "Risk Factors"
section and elsewhere in our Annual Report on Form 10-K for the
year ended December 31, 2016, and in subsequent filings with the
Securities and Exchange Commission. Although we believe that the
expectations reflected in such forward-looking statements are based
on reasonable assumptions, we can give no assurance that our
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.
OTI contact:
Neil Barr
OTI
+972-4-686-8004
press@otiglobal.com
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