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

NEWS & EVENTS

January 30, 2012
OTI Receives an Initial $6.9 Million Contract to Supply Electronic Immigration Control System in Panama Contract is OTI’s first in Panama and Builds Upon its Existing Secure ID Footprint in Latin America

January 17, 2012
OTI Receives US Patent for Contactless Smart SIM

December 19, 2011
OTI Expands EasyPark™ Solution to Turin, Italy’s Largest On-Street Parking Market Agreement Expands Availability in Italy to 20 cities and over 5M Citizens

November 30, 2011
OTI Signs $7 Million Core Technology License Agreement -Agreement Provides New Revenue Model by Leveraging Portfolio of Proprietary Assets-

November 30, 2011
OTI Reports First Nine Months 2011 Financial Results • Revenues were $35.2M with Gross Margin of 49% • Strong Balance Sheet with $30.8M in Cash, Cash Equivalents and Short Term Investments

November 15, 2011
OTI to Present Innovative Mobile Payment and ID Products at CARTES & IDentification 2011 in Paris - Demonstrating Contactless ID, Medical Record, Parking, NFC and Payment Solutions

November 14, 2011
OTI Extends its EasyPark™ Solution to Lille, France’s Fourth Largest Metropolitan Area, With 1.1 Million Residents - EasyPark™ has now been adopted in approximately 20 French municipalities since its first introduction in the past year - OTI to Showcase EasyPark at 2011 CARTES & ID Exhibition, Nov. 15-17 in Paris, Booth: 4M070

OTI's Subsidiary, PARX, to Introduce EasyPark™ in Brazil

October 11, 2011
MTS, Russia’s Leading Communications Group, Selects OTI’s COPNI Mobile Payment Product for MTS’s NFC Program - OTI is Working with SITRONICS Smart Technology, Technological Partner in Russia that Provides the COPNI to MTS - MTS has Over 70 Million Subscribers in Russia - First Application with LUKOIL for Payment for Fuel Purchases

September 13, 2011
OTI's Warsaw e-Ticketing Contract's Transaction Fee Revenues Expected to Increase to $25 Million as a Result of a Four-Year Extension Agreement Signed with ASEC, OTI's Subsidiary in Poland

August 15, 2011
OTI Reports First Six Months 2011 Financial Results • Better Than Expected Revenues of $26.7 Million • Gross Margin of 50% • Strong Balance Sheet with $33.1 Million in Cash, Cash Equivalents and Short Term Investments

August 1, 2011
On Track Innovations Ltd. (OTI) Schedules First Half 2011 Conference Call

June 13, 2011
PARX France, OTI’s Subsidiary, Announces Partnership with Q-Park, One of France’s Leading Parking Operators, to Bring EasyPark to Municipalities in the Country * Three Municipalities are Currently Being Deployed, including Brest, a Major City in the North-West of France * PARX France will present the Solution at the Parkopolis Exhibition, booth number B06, June 15-16, in Paris

May 31, 2011
OTI Receives New $6 Million Order in Support of Next Stage Expansion of National eID Program Revenues to be Recognized in 2011

May 24, 2011
OTI Reports First Quarter 2011 Financial Results * Revenues of $12 Million * Gross Margin of 53% *Strong Balance Sheet with $37.2 Million in Cash, Cash Equivalents and Short Term Investments

May 16, 2011
OTI Awarded a Ten-year Contract to Supply EasyFuel System to a Government Agency with Initial Order Totals $2.5 million

May 5, 2011
Turkcell, Turkey’s Largest Mobile Network Operator Selects OTI’s COPNI Mobile Payment Product for Turkcell’s NFC Program * OTI is Working with E-Kart Electronic Card Systems to Provide the Add-On to Turkcell * Turkcell has Over 33 Million Subscribers in Turkey

April 12, 2011
OTI is Establishing a Leading Position in the Growing Contactless Payments Market in Poland * Provided More Than 7,000 Contactless Readers * ASEC (OTI’s Wholly Owned Subsidiary in Poland) Has Established Relationships with Multiple Chain Stores and Acquirers Throughout Country

April 4, 2011
EasyPark Gains Momentum in France with 13 Municipalities Signed * Combined Population of Over 850,000

* EasyPark Seen as a Growth Engine for OTI over the Next 3-5 Years, Meaningful Revenues from France Expected to Start in the Second Half of 2011

March 28, 2010
OTI Turnaround Advances, with Strong FY 2010 Results * Revenues Increased by 71% from $31.4 Million to $53.6 Million * Non-GAAP Operating Profit of $2.8 Million * Gross Margin Increased to 54%

February 14, 2011
OTI Receives Initial Orders for its Retrofit COPNI Mobile Payment Product - COPNI Provides Mobile Network Operators with a Post-Market Solution for Payments, NFC and Dynamic Management of Applications

February 3, 2011
On Track Innovations (OTI) Announces Pricing of Public Offering of Ordinary Shares

January 3, 2011
PARX, OTI’s Subsidiary, Expands International Presence in Europe, North America Parking Markets, Strengthens its Offering with Additional IP and Products through the Acquisition of Ganis Systems’ Assets * Transaction will result in a unique turnkey in-vehicle parking solution with comprehensive back-office network, utilization of city resources, traffic management and on-line real-time parking information * Acquisition Increases Pipeline of Opportunities and Opens New Markets

December 6, 2010
OTI Introduces Easy to Implement Contactless Mobile Payment Product and Near Field Communication Functionality on Wide Range of Current Handsets * OTI is Already in Advanced Discussions with Several Mobile Operators * The Product Represents a Power Shift in the Industry, Providing Mobile Operators and Financial Issuers Flexibility and Quick Time-to-Market Solution

November 30, 2010
OTI Successfully Completes Voter Registry Project in Zanzibar; Voter ID System Detected Hundreds of Duplicate Registration Attempts * Voters Provided with Biometric Voter Cards

* Decreased Amount of Eligible Voters by 18% than Predicted * Helping to Ensure "One Person - One Vote".

November 15, 2010
Months 2010 Financial Results with Third Consecutive Quarter of Non-GAAP Operating Profit •Revenues Increased by 91% from $22.8 Million to $43.6 Million •Non GAAP Operating Profit of $4.6 Million •Gross Margin Increased to 54%

October 12, 2010
OTI Receives Over $2 Million Follow-On Orders for eStickers to Upgrade Passports to ePassports in a European Country The Orders Also Include Expansion of ePassport Personalization System

August 9, 2010
OTI Reports Strong First Half 2010 Financial Results with Second Consecutive Quarter of Non-GAAP Operating Profit • Non GAAP Operating Profit of $2.2 Million • Gross Margin Increased to 54% • Revenues Increased to $27.8 Million

July 26, 2010
Tokheim, Europe’s Leading Supplier of Forecourt and Retail Automation Equipment Selects OTI’s EasyFuel Solution

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.