Orders due to be delivered before year-end 2019
ROSH PINNA, Israel, Aug. 5, 2019 /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 received a new purchase order to deliver more than 10,000 of OTI’s Uno-8 advanced secure contactless NFC readers, for the global Smart ATM market. The orders are due to be delivered before the end of 2019.
Smart ATMs provide uninterrupted, secure, simple and convenient banking services. Adding an OTI EMV certified contactless reader, provides an ATM with the ability to identify the account owner and communicate with their smart devices.
“Including this new purchase-order, OTI has already received orders for over 50,000 advanced readers systems which are being used throughout the world to provide smart ATMs with contactless NFC capabilities. This is an important growth market for us, and we expect these orders will continue to grow in the future,” said Assaf Cohen, OTI’s Interim Chief Executive Officer.
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 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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