Oded Bashan co-founded the Company in 1990 and has continued to serve as our Chief Executive Officer and Chairman since that time. Prior to founding us, he served as the president of Electo-Galil, an Israeli manufacturer of radio frequency identification cards, from 1984 to 1990. Mr. Bashan is Chairman of OTI America, Inc., OTI Africa (Pty) Ltd., SoftChip Technologies (3000) Ltd., SoftChip Israel Ltd., Easy Park Ltd., Easy Park Israel Ltd. and PARX Ltd., President of InSeal SAS and a director of ASEC, Millennium Card’s Technology Ltd., and Z.H.R. Industrial Park Company Ltd. In 1997, Mr. Bashan was awarded the Leading Businessman Award in Management, Business and Economics by the Israeli Institute of Public Opinion. He is currently a member of the trustee committee of the Tel-Chai College and a member of the consulting committee for the Executive MBA program at Bar Ilan University. Mr. Bashan holds both a B.Sc and an M.Sc in economics and business management from the Hebrew University of Jerusalem.

Ohad Bashan serves as our President and Chief Marketing Officer. Prior to that he served as our Head of Global Marketing and Strategy Development (since June 2000). Mr. Bashan was appointed as the President of the Company commencing August 2007, pursuant to which he relocated from the U.S. to the Company’s headquarters in Israel and stepped down from his office as the President of OTI America, however, remained his position as Chief Executive Officer and a director of OTI America, Inc., which he holds since 1998. Mr Bashan serves as a director of our board, as a director of Millennium Card’s Technology Ltd. since 2005 and as a director in PARX Ltd since 2008. From 1996 to August 1998, he was our business development manager. Mr. Bashan holds a B.A. in business from the College of Business Management, Tel Aviv, with specializations in marketing and finance, and an M.B.A. from Pepperdine University, California. Ohad Bashan is the son of Oded Bashan.

Tanir Horn serves as our Chief Financial Officer since October 1, 2008. Ms. Horn is a Certified Public Accountant and has been with OTI since 2006, acting first as a Deputy CFO of OTI’s joint venture in China and then as OTI’s controller at its headquarters in Israel. Prior to joining OTI, Ms. Horn worked as an examiner for large enterprises at the head office of the Income Tax Division of the Israeli Treasury from 2001 until 2006. She holds a BA in Business Administration and Accountancy from College of Business Management, Tel Aviv, and has been a lecturer and instructor on taxation laws since 2002 in colleges and for the Tax Division of the Israeli Treasury.

 Moshe Cohen has served as OTI’s VP of R&D since February 2009. Mr. Cohen has been with OTI since 2003, acting first as software engineer for payment solutions, and then as manager of the Verification department. Mr. Cohen specializes in security features for OTI products as well as ISO/IEC 14443 standard. He is an active member of the ISO/IEC JTC1/SC17/WG8 for contactless card and reader international standards. He holds a B.Tec in Software Engineering from Ort Brauda in Israel and an MBA with a specialization in Integrative Management from the Hebrew University of Jerusalem.

David Azoulay has served as the Chief Operating Officer since January 2005. Between 1989-2004 Mr. Azoulay has worked at U.S.R. Electronic System, a leading EMS company, starting as a production manager and advancing to logistics manager. Mr. Azoulay holds a B.A. in Industrial Management and an MBA, both from University of Derby

Ronnie Gilboa co-founded the Company in 1990 and has continued to serve as a director since that time. From 1990 to the end of 2001 he served as Vice President R&D and since that date has served as our Vice President-Projects. He serves on the board of directors of OTI America, Inc., ASEC S.A, OTI Africa Ltd., Easy Park Ltd., Easy Park Israel Ltd., PARX Ltd., Softchip Technologies (3000) Ltd., SoftChip Israel Ltd., and Origin GPS Ltd. Prior to founding us, Mr. Gilboa was the manager of research and development at Electo-Galil, an Israeli manufacturer of radio frequency-based identification cards, from 1984 to 1990. Mr. Gilboa holds a B.Sc. in electrical engineering from The Technion - Israeli Institute of Technology.

Moshe Aduk has served as Vice President-Gasoline Management System since July 1995. From 1990 to July 1995, he was employed by OTI as a research and development engineer. He served as a director from 1995 to July 1999. Prior to joining OTI, Mr. Aduk was a hardware and software development engineer at Electo-Galil, an Israeli manufacturer of radio frequency-based identification cards, from 1985 to 1990. From 1984 to 1985, he was employed as a technical support engineer at Motorola Israel. Mr. Aduk holds a B.S. in electrical engineering from The Technion (Israeli Institute of Technology).

Nehemya Itay has served as Vice President-Hardware Engineering since July 1995. From 1990 to July 1995, he was employed by OTI as a research and development engineer. He served as a director from 1991 to July 1999. Mr. Itay is a member of the Joint Task Committee of the International Standards Organisation on standards for contactless smart cards. Prior to joining OTI, Mr. Itay was a hardware development engineer at Electo-Galil, an Israeli manufacturer of radio frequency-based identification cards, from 1986 to 1990. From 1982 to 1985 he was a hardware electronic engineer at Elscint, an Israeli technology company. Mr. Itay holds a B.S. in electrical engineering from The Technion (Israeli Institute of Technology) and an M.A. in electronics from Drexel University, Philadelphia.