Your Point of Contactless Payments

Press Releases

On Track Innovations Wins Two Technology Awards From Global Brand Publications

ROSH PINNA, Israel, June 26, 2018 /PRNewswire/ -- 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.

About OTI

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

Safe Harbor / Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Any statements that are not statements of historical fact should be considered forward looking statements. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "would," "should," "will," "can" or similar expressions, we are making forward-looking statements. For example, we are using forward-looking statements when we discuss, among others: our plans for the future, our expectations regarding future product launches and growth into new markets, traction with our cryptocurrency efforts, sources of revenue and anticipated revenue, including the contribution from the growth of new products, services and markets and our expectation of bringing tremendous value to our industry while generating predictable, high-margin, recurring revenues for the Company and great value for our shareholders. Forward-looking statements are made as of the date of this document and are inherently subject to risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are stated under the captions "Risk Factors" in our most recent Annual Report (Form 10-K) and other known and unknown uncertainties and risk factors including those detailed from time to time in the Company's filings with the Securities and Exchange Commission. Forward-looking statements are made as of the date of this release, and we expressly disclaim any obligation or undertaking to update forward-looking statements. The reader is cautioned not to place undue reliance on forward-looking statements.

Investor Relations Contact:

Greg Falesnik
MZ North America 



SOURCE On Track Innovations Ltd. (OTI)