ROSH PINNA, Israel, June 26, 2018 — On Track Innovations Ltd. (OTI) (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, today announced that it has won two technology awards from Global Brand Publications (GBR).
OTI PetroSmart, OTI’s South Africa based fuel management subsidiary, was named “Most Innovative Technology Company” in Africa, while OTI Europa, OTI’s European subsidiary, was named “Most Innovative Cashless Payment Solutions Provider” in Europe.
The Global Brand Publications awards were established with the aim of recognizing and rewarding companies who have demonstrated excellent performance across various sectors including Finance, Education, Hospitality, Lifestyle, Automobiles and Technology. Over 7,000 companies were evaluated by Global Brands Publications’ external research agency, which scrutinizes all award nominees prior to review by an internal panel.
“As CEO of OTI, I am incredibly proud of our dedicated employee base and strong corporate culture, which made receipt of these awards possible,” said Shlomi Cohen, Chief Executive Officer of On Track Innovations. “Their continued execution has formed us into an industry thought leader and the innovative company that we are today. I want to thank each and every employee for their contributions to the company,” concluded Cohen.
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 the Internet of Payment Things (IoPT), wearables, 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.
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