ROSH PINNA, Israel, Jan. 3,
2018 /PRNewswire/ -- On Track Innovations Ltd.
(OTI) (NASDAQ: OTIV), a global provider of near field
communication (NFC) and cashless payment solutions, in 2017
delivered 10,000 advanced secure contactless readers to the
Smart ATM global market. The systems include their
unique Uno-6 and Uno-8 contactless NFC readers for
smart ATM. OTI Embedded EMV certified contactless readers provide
the ATM manufacturers with the ability to identify the account
owner and communicate by smartphone.
"Integrated with our innovative cashless readers, ATMs have
become a powerful service platform," quotes Shlomi Cohen, OTI
CEO, "at OTI, we predict ATM sales to grow substantially in
2018 and look forward to another year of significant
growth."
About OTI
On 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, automated
retail and petroleum markets. OTI distributes and supports its
solutions through a global network of regional offices and
alliances. OTI is the proud recipient of the 2017 AI Award for Best
Cashless Payment Solutions Provider – Israel. For more information, visit
http://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," "would,"
"should," "will," "can" 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, plans for our existing and
new products and services, penetration of new markets and securing
new customers, contributions of our regions to our growth, 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. The reader is cautioned not to place
undue reliance on forward-looking statements.
OTI Press Contact:
Richard Harris
Marketing Manager
+972-4-686-8004
press@otiglobal.com
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SOURCE On Track Innovations Ltd (OTI)