OTI's TRIO-IQ state-of-the-art platform achieves dual
certification for FeliCa &
EMV
OTI receives additional P.O. for 5,000 cashless contactless
payment systems
YOKNEAM, Israel, June 30,
2020 /PRNewswire/ -- On Track Innovations Ltd. (OTI)
(OTCQX: OTIVF), a global provider of near field communication (NFC)
and cashless payment solutions, today announced that it has
completed successfully all requirements of EMV together with the
Japanese FeliCa standard for TRIO-IQ state-of-the-art platform. In
addition, OTI recently received an additional purchase order for
5,000 cashless contactless payment systems for the Japanese
market.
Yehuda Holtzman, CEO of OTI,
commented, "We are very pleased with this new purchase order
from the vast Japanese unattended retail market. We look at this
new order as a reassurance of OTI's continued and growing foothold
in Japan." Mr. Holtzman also
commented on the dual certification for FeliCa & EMV achieved:
"The TRIO-IQ is a state-of-the-art platform and its unique features
address well the Japanese's market needs. We see this
certification and the new purchase order as a reflection of OTI's
technology leadership and the Japanese market's acceptance of OTI's
state-of-the-art products."
About OTI
30 YEARS OF INNOVATIVE CONTACTLESS PAYMENT SOLUTIONS
OTI (OTCQX: OTIVF) is the pioneer and leading developer of
cutting-edge cashless payment solutions incorporating NFC (Near
Field Communications) technologies. For nearly 30 years, OTI has
built an international reputation for reliability and innovation by
providing operators and integrators with innovative technology and
solutions based on our extensive global IP portfolio.
We have deployed hundreds of thousands of payment solutions to
Automated Retail, Self-Service Kiosk, Micro-Markets, Unattended
Vending, EV charging stations, coin-op Pulse, Mobile, IoT
Wearables, smart ATM, fuel management systems and mass transit
e-ticketing.
OTI operates through a global network of regional offices,
supporting clients, partners & franchisees with its unique
cashless payment solutions.
Safe Harbor for Forward-Looking Statements
This press release contains express or implied 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", "anticipate", "believe", "should", "can" or
similar expressions, we are making forward-looking statements. For
example, we are using forward-looking statements when we discuss
our expectations regarding the Company's continued and growing
foothold in Japan. 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), our most
recent Quarterly Report (Form 10-Q) 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.
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Company
Contact
Pazit
Malchi-Bodesky
+972 4 686
8050
pazitm@otiglobal.com
|
Press
Contact
Ehud Helft
+1 646 688
3559
oti@gkir.com
|