ROSH PINNA, Israel, Oct. 31,
2019 /PRNewswire/ -- On Track Innovations Ltd. (OTI)
(Nasdaq: OTIV), a global provider of near field communication (NFC)
and cashless payment solutions, today announced that its shares
have been qualified and will begin trading on the to trade on the
OTCQX® Best Market. On Track Innovations previously
traded on NASDAQ.
On Track Innovations will start trading today on OTCQX under the
symbol "OTIVF". U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
"On Track Innovations joins the OTCQX Best Market, trading
alongside more than 400 U.S. and international companies," said
Jason Paltrowitz, Executive Vice
President of Corporate Services at OTC Markets Group. "OTCQX is a
cost-effective public market that provides investors with
transparent trading and timely access to information. We are
pleased to welcome On Track Innovations to the OTCQX Market."
Assaf Cohen, OTI's Interim Chief
Executive Officer, "We look forward to working with the OTC Markets
Group. We see this move as an important step which will allow our
shares to trade among peers of similar size and enable us to be
become visible to US and international investors."
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 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 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
"will," "expect," "look forward," "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 the continuing growth in the future of
orders that we receive. 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. 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:
Gavriel
Frohwein
+1-646-688-3559
oti@gkir.com
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SOURCE On Track Innovations Ltd. (OTI)