OTI | On Track Innovations, Ltd. Secured Contactless Smart Card Solutions for Payments, Petroleum and ID

NEWS & EVENTS

July 14. 2010
ASEC, OTI's Subsidiary, and epay Offer New Service for Loading GSM Prepaid Cellular Phone Cards on ASEC's Existing Ticket Vending Machines in Warsaw ASEC to Receive Additional Transaction Fees as a Result of the New Service

June 14, 2010
Tap Your Card, Collect the Ticket – MasterCard® PayPass™ Cards Accepted at Warsaw Metro Stations and in the Polish Capital’s Ticket Vending Machines Provided by OTI's Subsidiary, ASEC

June 7, 2010
OTI Receives Order of Close to $2 Million to Support New ID Project

June 3, 2010
OTI Starts to Repurchase Ordinary Shares as Part of its Repurchase Program

May 25, 2010
Agility Receives Prestigious “2010 Local Technology Innovation of the Year” Award for the Implementation of EasyPark in Bermuda

May 10, 2010
OTI Reports Strong First Quarter 2010 Financial Results • Non-GAAP Operating Profit of $1.2 Million • Gross Margin Increased to 57% • Revenues Increased to $14.4 Million • Cash, Cash Equivalents and Short-Term Investments of $40.4 Million as of March 31

March 31, 2010
On Track Innovations Ltd (OTI) Announces Two New Board Members Mr. David P. Stone and Mr. Mark Green Join OTI’s Board of Directors

March 16, 2010
SMART and OTI Expand MediSmart™ Program in Kenya Providing Secured, Simpler and Faster Access to Healthcare Services New Order for Additional 100,000 Cards to Expand User Groups

March 1, 2010
OTI Reports FY 2009 Financial Results • Revenues of $31.4 Million ($38.2 Million Including Discontinued Operations) • Gross Margin Increased to 47% • Net Cash Provided by Operating Activities of $5.1 Million • $32 Million in cash, cash equivalents and short terms investments at year end

January 11, 2010
OTI’s Smart ID Product Powers Israel’s Airport UniPass Program The UniPass Revolutionary Airport Management System was Developed by the Israel Airports Authority

January 5, 2010
OTI Wins Over $30 Million in Contracts for National eID Program Advance Payment Received; Project is Cash Flow Positive

December 8, 2009
PARX, OTI's Subsidiary, Expands EasyPark(TM) to Montpellier, the 8th Largest City in France

November 30, 2009
OTI Teams Up to Receive a $17 Million Contract to Provide Solutions and Systems for Electronic Identification Product

November 24, 2009
Yapi Kredi of Turkey Selects OTI's Contactless Reader to Expand Its Contactless Payments Program Additional Order to a Total of 2,500 Saturn 6000 Readers This Year

November 4, 2009
OTI's Wholly Owned Subsidiary in Poland -- ASEC --- Wins Additional Award for 700,000 Multi-Application Contactless Cards From the City of Warsaw Contactless Cards are Used for Public Transportation and Parking Solutions

November 2, 2009
HuaDa-ZhiBao and OTI Win Supply Contract for China’s Ministry of Foreign Affairs Electronic Passport Chips This Award is in Addition to the Inspection Equipment Award Reported Last Week

October 28, 2009
China’s Ministry of Foreign Affairs Selects OTI and HuaDa-ZhiBao to Supply Electronic Passport Inspection Equipment Initial Phase Includes 300 Units

October 20, 2009
DigiCore Selects OTI’s Contactless Reader to Enable Contactless Payments for South African Intermodal Transportation • Initial Order for 4,000 Saturn 6500 Readers Received • Commitment to Procure Further Larger Order Quantities in Subsequent Project Phases

June 29, 2009
HSBC Bank A.Ş. Launches ‘Advantage Hizz’ Contactless Payments Program Using OTI Product Solutions OTI Supplies Contactless Payment Devices Such as Key Fobs, Smart Stickers and Saturn 6000 Contactless Readers

April 20, 2009
OTI and Gilbarco Veeder-Root Provide Integrated Contactless Payment Infrastructure for Woolworths “ePump” Program OTI Provides Contactless Reader Solutions and Additional Services

January 26, 2009
OTI Awarded $4 Million Contract for a Limited Scale First Stage eID System OTI’s Magna™ Platform, Offers an End-to-End Turnkey National eID Solution

ABOUT OTI

Established in 1990, OTI designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking and loyalty programs. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.