Valinso will distribute oti’s machine-to-machine (M2M) vending telemetry solution, otiMetry
ROSH PINA, ISRAEL — (Marketwired) — 04/04/16 — On Track Innovations Ltd. (oti) (NASDAQ:OTIV), a global provider of near field communication (NFC) and cashless payment systems, has appointed Valinso B.V. as its exclusive distributor of NFC-based readers and payment solutions to the markets of The Netherlands and Flanders, the northern half region of Belgium
Founded in 2010, Netherlands-based Valinso is a leading service provider of telemetry and cashless payments systems to the Netherlands and Flanders vending markets. Valinso will distribute oti’s machine-to-machine (M2M) vending telemetry solution, otiMetry, which includes the SATURN 6500 TRIO 3-in-1 NFC-based cashless reader and CONNECT 3000 controller, to Valinso’s customer base of vending operators. otiMetry will provide Valinso’s customers with an affordable end-to-end solution to manage and support the entire vending business lifecycle management process.
“Valinso marks the fifth major distributorship we have secured this year,” commented Eran Bar, oti sales manager for the Europe, Middle East, Africa (EMEA) region. “In fact, our solutions are now distributed in three of the six largest vending markets in Europe, with The Netherlands having the highest penetration of vending machines per person. Our strategic partnerships with leading distributors like Valinso will be instrumental in establishing oti’s technology as the standard for vending payment solutions in the European region.”
About Valinso B.V
Valinso is a leading telemetry and payment systems supplier to the vending market in The Netherlands and Flanders markets. Valinso provides servitization solutions to various industries. For more information, visit www.valinso.nl
On Track Innovations Ltd. (oti) is a leader in contactless and NFC applications based on its extensive patent and IP portfolio. oti’s field-proven innovations have been deployed around the world to address NFC and other cashless payment solutions, petroleum payment and management, cashless parking fee collection systems and mass transit ticketing. oti markets and supports its solutions through a global network of regional offices and alliances. For more information, visit www.otiglobal.com.
Valinso B.V. Contact:
Wijk en Aalburg
+31 (0)6 51 67 97 02
oti Investor Contact
Scott Liolios or Matt Glover
Liolios Group, Inc.
oti Press Contact
Director of Marketing