ROSH PINNA, Israel, Jan. 16,
2018 /PRNewswire/ -- On Track Innovations Ltd. (OTI)
(NASDAQ: OTIV), a global provider of near field communication (NFC)
and cashless payment solutions, announces today an additional order
of 10,000 cashless readers from the US leader in Micro Market
Technology, 365 Retail Markets. This comes after the successful
delivery and installation of 5,000 advanced TRIO readers in
2017.
"We are very excited to offer the TRIO to our customers," Says
Ryan McWhirter, 365 Product Director. "The TRIO reader is one piece
of our '365secure' initiative and extends our best-in-class focus
on security and innovation even further".
OTI TRIO advanced credit card reader is a modular payment device
in one small, stylish enclosure. The reader is specifically
designed for installation in unattended markets to allow cashless
payment with a magnetic swipe, and contactless payment devices
(NFC).
"OTI is very pleased with its successful partnership with 365
Retail Markets in the MicroMarket kiosk channel." Says Shlomi
Cohen, OTI CEO, "We forecast a
positive future in the coming years with them."
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
www.otiglobal.com.
About 365 Retail Markets
365 Retail Markets, a
rapidly growing, self-checkout technology company with offices in
Metro Detroit, Santa Clara, and Provo, offers the best-in-class
point of sale platform for use in the workplace. Its
proprietary, 365 MicroMarket, is a turnkey, unmanned market that
allows customers to increase sales, improve the customer
experience, and increase profits while decreasing operating costs.
365 Retail Markets has been pioneering innovation in the food
service, hospitality, and vending industries since 2008, and
continues to revolutionize the market with superior technology and
ultimate flexibility in customization and branding. 365 has won
many awards for their innovation and growth, including recently
being named to the Inc. 5000 list of the fastest-growing private
companies in the U.S.
For more information about 365 Retail Markets
You can also join 365 Retail Markets
on Facebook, Twitter, Google+, YouTube and LinkedIn.
Safe Harbor for Forward-Looking Statements
This press
release may contain 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" "predict,"
"likely," "should," "could," "may," "will" 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, expected divestitures, plans
for our existing and new products and services, penetration of new
markets and securing new customers, 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
View original
content:http://www.prnewswire.com/news-releases/oti-gets-green-light-for-an-additional-10000-advanced-trio-readers-with-us-micromarket-leader-365-retail-markets-300583000.html
SOURCE On Track Innovations Ltd. (OTI)