ROSH PINNA, Israel, June 26,
2018 /PRNewswire/ -- On Track Innovations Ltd. (OTI)
(NASDAQ: OTIV), a global provider of near field communication (NFC)
and cashless payment solutions, today announced that it has won two
technology awards from Global Brand Publications (GBR).
OTI PetroSmart, OTI's South Africa
based fuel management subsidiary, was named "Most Innovative
Technology Company" in Africa,
while OTI Europa, OTI's European subsidiary, was named "Most
Innovative Cashless Payment Solutions Provider" in Europe.
The Global Brand Publications awards were established with the
aim of recognizing and rewarding companies who have demonstrated
excellent performance across various sectors including Finance,
Education, Hospitality, Lifestyle, Automobiles and Technology. Over
7,000 companies were evaluated by Global Brands Publications'
external research agency, which scrutinizes all award nominees
prior to review by an internal panel.
"As CEO of OTI, I am incredibly proud of our dedicated employee
base and strong corporate culture, which made receipt of these
awards possible," said Shlomi Cohen,
Chief Executive Officer of On Track Innovations. "Their continued
execution has formed us into an industry thought leader and the
innovative company that we are today. I want to thank each and
every employee for their contributions to the company," concluded
Cohen.
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. 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.
Safe Harbor / 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. Any statements that are not
statements of historical fact should be considered forward looking
statements. Whenever we use words such as "believe," "expect,"
"anticipate," "intend," "plan," "would," "should," "will," "can" or
similar expressions, we are making forward-looking statements. For
example, we are using forward-looking statements when we discuss,
among others: our plans for the future, our expectations regarding
future product launches and growth into new markets, traction with
our cryptocurrency efforts, sources of revenue and anticipated
revenue, including the contribution from the growth of new
products, services and markets and our expectation of bringing
tremendous value to our industry while generating predictable,
high-margin, recurring revenues for the Company and great value for
our shareholders. Forward-looking statements are made as of the
date of this document and are inherently subject to risks and
uncertainties which could cause actual results to differ materially
from those in the forward-looking statements. Additional factors
that could cause actual results to differ materially from those
anticipated by our forward-looking statements are stated under the
captions "Risk Factors" in our most recent Annual Report (Form
10-K) and other known and unknown uncertainties and risk factors
including those detailed from time to time in the Company's filings
with the Securities and Exchange Commission. Forward-looking
statements are made as of the date of this release, and we
expressly disclaim any obligation or undertaking to update
forward-looking statements. The reader is cautioned not to place
undue reliance on forward-looking statements.
Investor Relations Contact:
Greg Falesnik
MZ North America
+1-949-385-6449
Greg.Falesnik@mzgroup.us
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SOURCE On Track Innovations Ltd. (OTI)