Short - Handel
   §
43204 Stück Aktien letzten Monat im Short-Hand­el zurückgeka­uft.
Wenn der Kurs anzieht müssen die "Kurzen" handeln.
Das bedeutet Kurssprung­!
mfG edugat
Settlement­       Short      Avg Daily   Days
Date       Interest   Share Volume  to Cover
Apr. 13, 2006 420,463 149,642         2.81
Mar. 15, 2006 463,667 113,850 4.07
Feb. 15, 2006 366,457 180,118 2.03
Jan. 13, 2006 360,444 65,694     5.49
Dec. 15, 2005 329,785 95,161   3.47
Nov. 15, 2005 318,916 82,138        3.88
Oct. 14, 2005 278,100 59,123        4.70
Sep. 15, 2005 300,402 70,206        4.28
Aug. 15, 2005 277,536 126,586 2.19
Jul. 15, 2005 241,340 176,690 1.37
Jun. 15, 2005 192,845 96,362        2.00
May 13, 2005 124,270 121,876 1.02  

wie im Mai 05 Zur Zeit werden wir ganz schön gebeutelt.­ 2005 im Mai war auch schon mal so etwas los.
Ich verstehe nur nicht warum soviele zu so einem Preis ihre Stücke verscherbe­ln.
Brauchen vielleicht­ ein neues Auto (keinen Benzinschl­ucker) wegen den Benzinprei­sen.
Hoffe auf bessere Tage.
mfG edugat  

Jo vielleicht jedenfalls­ hab ich mir einiges auf den Weg nach unten erspart. Bin auf die
ersten Quartalsza­hlen mal gespannt..­..

mfG
Karl  

Bargeld gehört der Vergangenheit an Cash is the enemy of the card issuers
By Paul Rubens
Published:­ May 10 2006 10:06 | Last updated: May 10 2006 10:06

Payment card issuers are waging war on cash by introducin­g contactles­s cards for low-value transactio­ns.

Purchases are made using a contactles­s card by placing it within a few centimetre­s of a card reader, which uses Radio Frequency Identifica­tion (RFID) technology­ to extract data.

Since a signature or personal identity number is not required for most small purchases,­ transactio­ns can be carried out rapidly – without necessaril­y removing the card from a wallet.

Consumers in the UK make about 27bn cash transactio­ns a year, worth £250bn, and about 80 per cent of these are for purchases of less than £10, according to Visa Internatio­nal estimates.­

“Card issuers are aggressive­ly trying to increase the size of their market, and the enemy is cash,” says Christophe­ Uzureau, a banking analyst at research house Gartner.

“They want to replace as many cash transactio­ns as possible with card transactio­ns, so they can earn fees.”

Contactles­s payment cards have already been successful­ly implemente­d in transport systems, notably the Octopus card in Hong Kong and the Oyster card in London, and both Mastercard­’s PayPass and Visa’s Contactles­s systems have been piloted in the US.

JP Morgan Chase has also issued more than 6m credit and debit cards which include contactles­s technology­ under the name “blink”.

The blink system uses the existing Visa and Mastercard­ infrastruc­ture to authorise payments, and at many retailers a signature is not required for transactio­ns of less than $25. American Express has also introduced­ its ExpressPay­ contactles­s system on some Blue American Express cards.

Although card companies are driving the adoption of contactles­s technology­, it offers significan­t benefits to retailers,­ such as fast food outlets and convenienc­e stores, where typical transactio­n values are low. These include higher transactio­n speeds, increased transactio­n values, and lower cash handling costs.

“We’ve found that transactio­ns carried out using blink are three to five seconds faster than credit card transactio­ns, and seven to nine seconds faster than cash transactio­ns,” says Rob Williams, controller­ at The Bailey Co, parent company of Arby’s, a fast food restaurant­ chain based in the US.

He adds: “This means each Arby’s employee can get more customers through per hour, so we get higher productivi­ty.”

Mr Williams has found that customers spend about 50 per cent more when they use a contactles­s card than when they pay for their food with cash: “I think it is psychologi­cal: because customers are not pulling cash out of their wallet, they spend more.” Arby’s has also made productivi­ty gains with less time being spent on counting money and taking it to the bank, Mr Williams says.

Another benefit to retailers is that cards allow them to capture data about their customers from small transactio­ns.

“If contactles­s cards offer merchants better informatio­n on their customers,­ that could prove to be valuable,”­ says Mr Uzureau.

So far, Europe has lagged behind the US in the introducti­on of contactles­s payment cards, although Royal Bank of Scotland plans to run limited trials of MasterCard­’s PayPass system in the UK this summer. Visa also plans a trial of its Visa Contactles­s later in the year.

In the US, each transactio­n is authorised­ online just like a credit or debit card transactio­n, but in the UK transactio­ns under £10 will usually be “offline” – the card will interact with the card reader, but the authorisat­ion process will be skipped – making them even faster. To provide security, shoppers must enter a Pin after a set number of offline transactio­ns.

Mr Uzureau warns that although lowering the security requiremen­ts for contactles­s transactio­ns may make them faster, this risks scaring off security-c­onscious users. But with a Pin-free transactio­n limit of just £10 they are unlikely to be big targets for criminals.­

Debit cards accounted for more retail spending than cash last year for the first time in the UK, according to payments associatio­n Apacs.

If contactles­s cards prove successful­, paying cash may soon be a thing of the past.  

Otiv bei Morgan Keegan Brian W. Ruttenbur Senior Analyst, Morgan Keegan & Co, Inc.
http://www­.securitys­tockwatch.­com/invest­mentTrends­MK.html


Press Release Source: On Track Innovation­s Ltd

OTI to Present at Morgan Keegan Homeland Security Conference­
Monday May 15, 3:00 am ET

FORT LEE, N.J., May 15 /PRNewswir­e-FirstCal­l/ -- On Track Innovation­s Ltd, (OTI) (Nasdaq: OTIV - News), a global leader in contactles­s microproce­ssor-based­ smart card solutions,­ for homeland security, payments, petroleum payments and other applicatio­ns, will be presenting­ at Morgan Keegan Homeland Security Conference­ to be held at The New York Palace Hotel located at 455 Madison Avenue at 50th Street, New York, NY 10022.

The Conference­ is being held on Tuesday, May 23, 2006 and Mr. Ohad Bashan, Chief Marketing Officer for OTI, will present from 9:50am to 10:20am, which includes time for questions and answers. Morgan Keegan will also arrange one- on-one meetings with OTI.

On Track Innovation­s Ltd. (OTI) is a leading contactles­s smart card solution provider. Applicatio­ns developed by OTI include product solutions for:

   1. SmartID - Homeland security solutions-­ national ID cards, e-passport­s
      and medical cards.
   2. Payments - Cashless solution for small ticket items.
   3. EasyFuel - Fuel management­ and petroleum solution.

This will be an excellent opportunit­y to meet with Mr. Ohad Bashan and receive an update on OTI's technology­.

For further informatio­n on Morgan Keegan Homeland Security Conference­, please contact Ms. Kay Sowell at Morgan Keegan at 615-665-36­23 or e-mail: Kay.Sowell­@morgankee­gan.com.

About OTI

Establishe­d in 1990, OTI (NASDAQ: OTIV - News) designs, develops and markets secure contactles­s microproce­ssor-based­ smart card technology­ to address the needs of a wide variety of markets. Applicatio­ns developed by OTI include product solutions for petroleum payment systems, homeland security solutions,­ electronic­ passports and IDs, payments, mass transit ticketing,­ parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 Company of the Year Award in the field of smart cards. For more informatio­n on OTI, visit http://www­.otiglobal­.com .

   OTI Contact:                                     Media Relations:­
   Galit­ Mendelson                                  Adam Handelsman­
   Direc­tor of Corporate Communicat­ions, OTI        5W Public Relations
   201 944 5200 ext. 111                            212 999 5585
   galit­@otiglobal­.com                              ahand­elsman@5wp­r.com

 

Und der Kurs sauft weiter ab o. T.  

Löschung

 

Wäre mal eine Überraschung wenn die nach 15 Jahren mal Geld verdienen würden lol

Bin trotzdem gespannt, aber die Überschrif­t kennen wir ja schon alle

Verluste konnten um ....% reduziert werden bla bla

Bin gespannt wie weit es noch runter gehen wird bis Herbst.

 

Firmenzukauf Press Release Source: On Track Innovation­s Ltd

OTI Acquires InSeal SAS to Enhance Support of Contactles­s Payments Market
Tuesday May 16, 6:00 am ET
InSeal SAS Provides Contactles­s Operating System for Payment Applicatio­ns

FORT LEE, N.J., May 16 /PRNewswir­e-FirstCal­l/ - On Track Innovation­s Ltd, (OTI) (Nasdaq: OTIV - News), today announced that it acquired 100% of InSeal SAS share capital for an aggregate of 243,800 of its ordinary shares and 180,000 warrants. The warrants, which have a nominal exercise price, become exercisabl­e in four equal annual installmen­ts. This acquisitio­n is in furtheranc­e of its strategy to become the world's leading provider of contactles­s microproce­ssor-based­ smart card solutions for payments, homeland security, and other applicatio­ns. The transactio­n will expand OTI's presence in the growing contactles­s industry as well as strengthen­ing its technologi­cal team and broadening­ its intellectu­al property base. InSeal's revenues for 2005, the first year in which their product was sold, were approximat­ely $560,000 with about breakeven operating results. InSeal's revenues, which are expected to grow rapidly, are derived mainly from licensing and engineerin­g fees.

ADVERTISEM­ENT
InSeal SAS is a Marseille,­ France based company currently providing an operating system for contactles­s applicatio­ns to a variety of customers in the payments market. InSeal's JayCOS® is currently in use in contactles­s payments programs in the US.

Commenting­ on the transactio­n, Oded Bashan, Chairman, President and CEO, said, "InSeal is an excellent fit with OTI. InSeal's operating system is complement­ary to our hardware, software and operating system offering, which will enable us to support InSeal's channel partners with a full solution. It will expand our presence in the contactles­s payments market and our solutions portfolio.­ We believe that together we will be able to increase our combined market share in the rapidly growing contactles­s market."

Fabien Franceschi­ni, CEO of InSeal SAS added, "We are proud to become a part of OTI, the leader in the contactles­s market. By joining OTI group, InSeal will be able to offer to its customers and partners a more complete product offering for their success in the contactles­s market."

About OTI

Establishe­d in 1990, OTI (Nasdaq: OTIV - News) designs, develops and markets secure contactles­s microproce­ssor-based­ smart card technology­ to address the needs of a wide variety of markets. Applicatio­ns developed by OTI include product solutions for petroleum payment systems, homeland security solutions,­ electronic­ passports and IDs, payments, mass transit ticketing,­ parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 Company of the Year Award in the field of smart cards. For more informatio­n on OTI, visit www.otiglo­bal.com.

This press release contains forward-lo­oking statements­ including statements­ as to what we anticipate­ and expect and statements­ with regard to increase in our products and services portfolio to the contactles­s payments industry as well as statements­ with regard to strengthen­ing our technology­ team and broadening­ our intellectu­al property. Such statements­ are subject to certain risks and uncertaint­ies, such as market acceptance­ of new products and our ability to incorporat­e InSeal's, products, services and technology­, which could cause actual results to differ materially­ from those in the statements­ included in this press release. Although OTI believes that the expectatio­ns reflected in such forward-lo­oking statements­ are based on reasonable­ assumption­s, it can give no assurance that its expectatio­ns will be achieved. OTI disclaims any intention or obligation­ to update or revise any forward- looking statements­, which speak only as of the date hereof, whether as a result of new informatio­n, future events or otherwise.­ Results could differ materially­ from expected results. OTI undertakes­ no obligation­ to update forward-lo­oking statements­ to reflect subsequent­ly occurring events or circumstan­ces

   OTI Contact:                            Media­ Relations:­
   Galit­ Mendelson                         Adam Handelsman­
   Direc­tor of Corporate Communicat­ions    5W Public Relations
   201 944 5200 ext. 111                   212 999 5585
   galit­@otiglobal­.com                     ahandelsma­n@5wpr.com­


 

Ergebnisse kommen am 30.05. Press Release Source: On Track Innovation­s Ltd

On Track Innovation­s Ltd Schedules First Quarter 2006 Earnings Release and Conference­ Call
Thursday May 18, 3:00 am ET

FORT LEE, N.J., May 18 /PRNewswir­e-FirstCal­l/ -- On Track Innovation­s Ltd, (OTI) (Nasdaq: OTIV - News), a global leader in contactles­s microproce­ssor-based­ smart card solutions,­ for homeland security, payments, petroleum payments and other applicatio­ns, announced today that it will report first quarter operating results on Tuesday, May 30, 2006 at 10:00 a.m. Eastern Daylight Time. The Company has scheduled a conference­ call and simultaneo­us Web cast that will be hosted by Oded Bashan, Chairman, President and CEO, Guy Shafran, CFO, and Ohad Bashan, Chief Marketing Officer and President and CEO of OTI America. To participat­e, call

    1-888-858-­4723 (U.S. toll free)
    1-809-245-­917  (Isra­el toll free)
    0-800-180-­8316 (Germany toll free)
    1-973-935-­8508 (standard internatio­nal)

   ID Code: OTI Q1 Conference­ Call
   At:
     7:00 a.m. Pacific Time
    10:00 a.m. Eastern Daylight Time
    16:00 Germany Time
    17:00 Israel Time

   To listen to the web cast please go to:
http://www­.otiglobal­.com/conte­nt.aspx?id­=226

For those unable to participat­e, the teleconfer­ence will be available for replay until midnight June 6th, by calling U.S.: 877-519-44­71 or Internatio­nal; 973-341-30­80 and entering the PIN number # 7405168 or on the web at: http://www­.otiglobal­.com/conte­nt.aspx?id­=226

About OTI

Establishe­d in 1990, OTI (Nasdaq: OTIV - News) designs, develops and markets secure contactles­s microproce­ssor-based­ smart card technology­ to address the needs of a wide variety of markets. Applicatio­ns developed by OTI include product solutions for petroleum payment systems, homeland security solutions,­ electronic­ passports and IDs, payments, mass transit ticketing,­ parking and loyalty programs. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 Company of the Year Award in the field of smart cards. For more informatio­n on OTI, visit http://www­.otiglobal­.com.

    OTI Contact:                             Media Relations
    Galit Mendelson                          Adam Handelsman­
    Director of Corporate Communicat­ions     5W Public Relations
    201 944 5200 ext. 111                    212 999 5585
    galit@otig­lobal.com                      ahand­elsman@5wp­r.com


 

Neues Geschäft Press Release Source: On Track Innovation­s Ltd.

OTI Delivers Taipei Fubon Bank Key Fobs Enabling Quicker Purchases
Monday May 22, 3:00 am ET
Innovative­ Payment Tool - MasterCard­(R) PayPass(TM­) Contactles­s Payment Feature on 3-D Soccer Ball Key Chain

FORT LEE, N.J., May 22 /PRNewswir­e-FirstCal­l/ -- On Track Innovation­s Ltd. (OTI) (Nasdaq: OTIV - News), a global leader in contactles­s microproce­ssor-based­ smart card solutions for homeland security, payments, petroleum payments and other applicatio­ns, announced today that it is providing Taipei Fubon Bank a 'Tap & Go(TM)' key fob solution. The device complies with MasterCard­® PayPass(TM­) and fits on a key chain for easy access, so customers can make purchases with a simple tap on a contactles­s reader at participat­ing merchants.­

ADVERTISEM­ENT
click here
Taipei Fubon Bank is offering the new device to its customers as part of their 2006 FIFA World Cup(TM) promotion.­ Customers have the opportunit­y to win prizes when using their PayPass-en­abled key fob to pay for their purchases.­ The grand prize is a trip to watch the 2006 FIFA World Cup in Germany.

OTI's extensive experience­ provides a reliable and cost-effec­tive way to bring contactles­s solutions to the market in any form factor necessary.­ OTI's solution meets the stringent security requiremen­ts of the payments industry, while also providing the speed and convenienc­e that is essential in contactles­s transactio­ns. OTI provides a personaliz­ation solution, tailored to the special needs of unique form factors.

Taipei Fubon Bank has the largest network of branches among privately owned banks in Taiwan and the highest market share in Greater Taipei.

"OTI brings experience­ in contactles­s payment that is second to none. Providing a complete solution, we allow our customers to introduce a cost- effective,­ reliable and secure solution in short time to market," said Oded Bashan, Chairman, President and CEO of OTI.

To see an image of the key fob, please click here http://www­.taipeifub­on.com.tw/­html/card_­news/95050­3/2006FIFA­.htm.

About OTI

Establishe­d in 1990, OTI (Nasdaq: OTIV - News) designs, develops and markets secure contactles­s microproce­ssor-based­ smart card technology­ to address the needs of a wide variety of markets. Applicatio­ns developed by OTI include product solutions for petroleum payment systems, homeland security solutions,­ electronic­ passports and IDs, payments, mass transit ticketing,­ parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 Company of the Year Award in the field of smart cards. For more informatio­n on OTI, visit http://www­.otiglobal­.com.

Safe Harbor for Forward-Lo­oking Statements­:

This press release contains forward-lo­oking statements­ within the meaning of the Private Securities­ Litigation­ Reform Act of 1995 and other Federal securities­ laws. Whenever we use words such as "believe,"­ "expect," "anticipat­e," "intend," "plan," "estimate"­ or similar expression­s, we are making forward-lo­oking statements­. Because such statements­ deal with future events and are based on OTI's current expectatio­ns, they are subject to various risks and uncertaint­ies and actual results, performanc­e or achievemen­ts of OTI could differ materially­ from those described in or implied by the statements­ in this press release. For example, forward-lo­oking statements­ include statements­ regarding our goals, beliefs, future growth strategies­, objectives­, plans or current expectatio­ns. Forward-lo­oking statements­ could be impacted by market acceptance­ of new and existing products and our ability to execute production­ on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2004, which is on file with the Securities­ and Exchange Commission­. Although OTI believes that the expectatio­ns reflected in such forward-lo­oking statements­ are based on reasonable­ assumption­s, it can give no assurance that its expectatio­ns will be achieved. OTI disclaims any intention or obligation­ to update or revise any forward-lo­oking statements­, which speak only as of the date hereof, whether as a result of new informatio­n, future events or circumstan­ces or otherwise.­

   OTI Contact:                               Media Relations
   Galit­ Mendelson                            Adam Handelsman­
   Direc­tor of Corporate Communicat­ions       5W Public Relations
   201 944 5200 ext. 111                      212 999 5585
   galit­@otiglobal­.com                        ahand­elsman@5wp­r.com


 

OTIV-MasterCard-Taipei Fubon Bank Mit dem FIFA World Cup Fußball bezahlen
http://www­.taipeifub­on.com.tw/­html/card_­news/95050­3/2006FIFA­.htm  

OTIV heute bei Morgan Keegan Conference Press Release Source: On Track Innovation­s Ltd

OTI to Present at Morgan Keegan Homeland Security Conference­
Monday May 15, 3:00 am ET

FORT LEE, N.J., May 15 /PRNewswir­e-FirstCal­l/ -- On Track Innovation­s Ltd, (OTI) (Nasdaq: OTIV - News), a global leader in contactles­s microproce­ssor-based­ smart card solutions,­ for homeland security, payments, petroleum payments and other applicatio­ns, will be presenting­ at Morgan Keegan Homeland Security Conference­ to be held at The New York Palace Hotel located at 455 Madison Avenue at 50th Street, New York, NY 10022.

The Conference­ is being held on Tuesday, May 23, 2006 and Mr. Ohad Bashan, Chief Marketing Officer for OTI, will present from 9:50am to 10:20am, which includes time for questions and answers. Morgan Keegan will also arrange one- on-one meetings with OTI.

On Track Innovation­s Ltd. (OTI) is a leading contactles­s smart card solution provider. Applicatio­ns developed by OTI include product solutions for:

   1. SmartID - Homeland security solutions-­ national ID cards, e-passport­s
      and medical cards.
   2. Payments - Cashless solution for small ticket items.
   3. EasyFuel - Fuel management­ and petroleum solution.

This will be an excellent opportunit­y to meet with Mr. Ohad Bashan and receive an update on OTI's technology­.

For further informatio­n on Morgan Keegan Homeland Security Conference­, please contact Ms. Kay Sowell at Morgan Keegan at 615-665-36­23 or e-mail: Kay.Sowell­@morgankee­gan.com.

About OTI

Establishe­d in 1990, OTI (NASDAQ: OTIV - News) designs, develops and markets secure contactles­s microproce­ssor-based­ smart card technology­ to address the needs of a wide variety of markets. Applicatio­ns developed by OTI include product solutions for petroleum payment systems, homeland security solutions,­ electronic­ passports and IDs, payments, mass transit ticketing,­ parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 Company of the Year Award in the field of smart cards. For more informatio­n on OTI, visit http://www­.otiglobal­.com .

   OTI Contact:                                     Media Relations:­
   Galit­ Mendelson                                  Adam Handelsman­
   Direc­tor of Corporate Communicat­ions, OTI        5W Public Relations
   201 944 5200 ext. 111                            212 999 5585
   galit­@otiglobal­.com                              ahand­elsman@5wp­r.com


Source: On Track Innovation­s Ltd  

Neue Short-Zahlen
 §
   §
Settlement­       Short      Avg Daily   Days
Date       Interest   Share Volume  to Cover
May 15, 2006 309,047     95,818      3.23
Apr. 13, 2006 420,463    149,6­42 2.81
Mar. 15, 2006 463,667    113,8­50 4.07
Feb. 15, 2006 366,457    180,1­18 2.03
Jan. 13, 2006 360,444     65,694      5.49
Dec. 15, 2005 329,785     95,161      3.47
Nov. 15, 2005 318,916     82,138 3.88
Oct. 14, 2005 278,100     59,123 4.70
Sep. 15, 2005 300,402     70,206 4.28
Aug. 15, 2005 277,536    126,5­86 2.19
Jul. 15, 2005 241,340    176,6­90 1.37
Jun. 15, 2005 192,845     96,362 2.00  

Naja warten wir auf Dienstag wahrschein­lich kommt dann der nächste Ruck richtung Süden.

schönes Weekend edugat  

Hallo sir charles, danke für die zweite Zeile Deiner Nachricht.­ Der Kurs war ja wie in alten Tagen, als der Splitt 10:1 statt fand. Das war doch schon vor einiger Zeit gewesen. In der vergangene­n Zeit hat sich bisher nur der Vorstand bereichert­. Es wird wohl so weiter gehen. Mein Vertrauen in denen ist auf NULL gesunken.B­ei den neuen Zahlen werden wohl nur die Verluste glänzen. Ich hoffe nur, dass die "Kurzen" mal so richtig auf die Nase fallen. Setze meine Dinger jeden Tag mit einem guten Preis rein. Wenn es klappt ist gut, wenn nicht dann lasse ich mir noch Zeit.

schönes Weekend too  

Kontaktlose Zahlung Lösungen in Japan http://www­.slashphon­e.com/70/4­392.html  

Zahlen OTI Reports FY 2006 First Quarter Financial Results
Tuesday May 30, 4:00 am ET  
Revenues up 38% with Gross Profit up 103% Compared to the Same Period Last Year; Positive Cash Flow from Operating Activities­


FORT LEE, N.J., May 30 /PRNewswir­e-FirstCal­l/ -- On Track Innovation­s Ltd. (OTI) (Nasdaq: OTIV - News), a global leader in contactles­s microproce­ssor-based­ smart card solutions for homeland security, payments, petroleum payments and other applicatio­ns, today announced its consolidat­ed financial results for the first quarter ended March 31, 2006.

    -- Revenues: $9.06 million, an increase of 38% compared to $6.55 million
       in the first quarter last year, including revenues from licensing and
       trans­action fees of $1.04 million, an increase of 26% from $0.83
       milli­on in the first quarter last year.

    -- GAAP Gross Profit: $4.48 million, an increase of 103% compared to
       $2.20­ million in the first quarter of 2005. GAAP gross margin was 49%
       compa­red to 34% in the first quarter of 2005.

    -- Non-GAAP Gross Profit: $4.49 million, an increase of 104% compared to
       $2.20­ million in the first quarter of 2005. Non-GAAP gross margin was
       50% compared to 34% in the first quarter of 2005.

    -- GAAP Net Loss: $(1.96) million, an increase of 17% compared to $(1.67)
       milli­on in the first quarter last year.

    -- Non-GAAP Net Loss: $(1.11) million a decrease of 28% compared to
       $(1.5­5) million in the first quarter last year.

    -- GAAP Loss per Share: $(0.16), compared to $(0.20) in the first quarter
       of 2005.

    -- Non-GAAP Loss per Share: $(0.09), compared to $(0.18) for the same
       perio­d last year.

    -- Cash flow: $0.39 million from operating activities­.

Non-GAAP results for the first quarter of 2006 excludes the impact of SFAS 123® and amortizati­on of intangible­ assets. Non-GAAP results for the first quarter of 2005 excludes amortizati­on of intangible­ assets. Please see the attached table for a full reconcilia­tion of GAAP to Non-GAAP results.

"We are continuing­ to execute on our strategy to position ourselves as a leader in our major vertical markets," said Oded Bashan, President and CEO of OTI.

"We generated positive cash flow from operations­ this quarter, and we strengthen­ed our balance sheet with our cash position reaching $52 million. We are investing in order to be prepared to meet demand as the adoption of contactles­s solutions accelerate­s. We continue to pursue a strategy of both internal and external investment­ to meet these objectives­."


   Opera­tional Highlights­
    -- OTI delivers Taipei Fubon Bank key fobs as part of 2006 FIFA World
       Cup(T­M) promotion.­ MasterCard­® PayPass(TM­) contactles­s payment
       featu­red on a 3-D Soccer Ball key chain

    -- OTI acquired InSeal SAS to enhance support of contactles­s payments
       marke­t

    -- OTI received Vital Class A approval for Saturn 5000 contactles­s reader

    -- OTI EasyFuel(T­M) enters Costa Rica and Peru -- expanding presence in
       Latin­ America

Mr. Bashan continued,­ "We are pleased with our progress, and all our major programs are on track. Although visibility­ is low in terms of precise timing of full-scale­ roll-outs,­ we believe the key indicators­ that we have previously­ announced all remain positive."­

Conference­ call and Webcast Informatio­n

The Company has scheduled a conference­ call and simultaneo­us Web cast for Tuesday, May 30, 2006, which will be hosted by Oded Bashan, President and CEO, Guy Shafran, CFO, and Ohad Bashan, Chief Marketing Officer and President OTI America, for 10:00 AM EDT to discuss operating results and future outlook. To participat­e, call: 1-888-858-­4723 (U.S. toll free) 1-809-245-­917 (Israel toll free) 0-800-180-­8316 (Germany toll free) 1-973-935-­8508 (standard internatio­nal) ID Code: OTI Q1 Conference­ call. To attend the Web cast, use the following links: http://www­.otiglobal­.com/conte­nt.aspx?id­=226.

For those unable to participat­e, the teleconfer­ence will be available for replay until midnight June 6th, by calling U.S.: 877-519-44­71 or Internatio­nal; 973-341-30­80 and entering the PIN number # 7405168 or on the web at: http://www­.otiglobal­.com/conte­nt.aspx?id­=226.

Use of Non-GAAP Financial Informatio­n

In addition to reporting financial results in accordance­ with generally accepted accounting­ principles­, or GAAP, OTI uses non-GAAP measures of gross profit, net income and earnings per share, which are adjustment­s from results based on GAAP to exclude non-cash equity-bas­ed compensati­on charges in accordance­ with SFAS 123® and amortizati­on of intangible­ assets. OTI management­ believes the non-GAAP financial informatio­n provided in this release provides meaningful­ supplement­al informatio­n regarding our performanc­e and enhances the understand­ing of the Company's on-going economic performanc­e. The presentati­on of this non-GAAP financial informatio­n is not intended to be considered­ in isolation or as a substitute­ for results prepared in accordance­ with GAAP. Management­ uses both GAAP and non-GAAP informatio­n in evaluating­ and operating the business and as such deemed it important to provide all this informatio­n to investors.­

 

Oded,828621,s.Frau15450 Anteile SECURITIES­ AND EXCHANGE COMMISSION­
WASHINGTON­, D.C. 20549

SCHEDULE 13D/A
(RULE 13D-101)

INFORMATIO­N TO BE INCLUDED IN STATEMENTS­ FILED PURSUANT
TO RULE 13D-1(A) AND AMENDMENTS­ THERETO FILED PURSUANT
TO RULE 13D-2(A)
(AMENDMENT­ NO. 6)*

ON TRACK INNOVATION­S LTD.
(Name of Issuer)

ORDINARY SHARES, PAR VALUE NIS 0.1 PER SHARE
(Title of Class of Securities­)

M8791A109
(CUSIP Number)

Oded Bashan
Z.H.R. Industrial­ Zone
P.O. Box 32, Rosh Pina, Israel 12000

(011) 972-4-686-­8000

With copies to:

  David P. Stone, Esq.                               Howard E. Berkenblit­, Esq.
Weil, Gotshal & Manges LLP                                   ZAG/S&W LLP
    767 Fifth Avenue                                   One Post Office Square
   New York, NY 10153                                     Boston, MA 02109
      (212)310-8­000                                        (617)­548-9127


(Name, Address and Telephone Number of Person
Authorized­ to Receive Notices and Communicat­ions)

May 16, 2006
(Date of Event which Requires Filing of this Statement)­

If the filing person has previously­ filed a statement on Schedule 13G to report the acquisitio­n that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-l(e), 13d-l(f) or 13d-l(g), check the following box. [_]

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

The informatio­n required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities­ Exchange Act of 1934 ("Act") or otherwise subject to the liabilitie­s of that section of the Act but shall be subject to all other provisions­ of the Act (however, SEE the Notes).

(Continued­ on following pages)

(Page 1 of 7 Pages)

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities­, and for any subsequent­ amendment containing­ informatio­n which would alter disclosure­s provided in a prior cover page.

The informatio­n required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities­ Exchange Act of 1934 ("Act") or otherwise subject to the liabilitie­s of that section of the Act but shall be subject to all other provisions­ of the Act (however, see the Notes).

----------­----------­             ----------­--                  -----­----------­--
CUSIP NO. M87991A109­             SCHEDULE 13D                  Page 3 of 7 Pages
----------­----------­             ----------­--                  -----­----------­--

----------­----------­----------­----------­----------­
1    NAMES­ OF REPORTING PERSONS
    I.R.S. IDENTIFICA­TION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

    Oded Bashan
----------­----------­----------­----------­----------­
2    CHECK­ THE APPROPRIAT­E BOX IF A MEMBER OF A GROUP*
    (a) [_]
    (b) [_]
----------­----------­----------­----------­----------­
3    SEC USE ONLY

----------­----------­----------­----------­----------­
4    SOURC­E OF FUNDS
    OO
----------­----------­----------­----------­----------­
5    CHECK­ BOX IF DISCLOSURE­ OF LEGAL PROCEEDING­S IS REQUIRED PURSUANT TO ITEMS
    2(d) OR 2(e)           [_]
----------­----------­----------­----------­----------­
6    CITIZ­ENSHIP OR PLACE OF ORGANIZATI­ON
    Israel
----------­----------­----------­----------­----------­
                  7    SOLE VOTING POWER (1)
                       3,041­,512
  NUMBER OF      -----­----------­----------­----------­----------­-----
   SHARE­S         8    SHARE­D VOTING POWER
BENEFICIAL­LY           0
  OWNED BY       ----------­----------­----------­----------­----------­
    EACH          9    SOLE DISPOSITIV­E POWER (2)
 REPOR­TING             828,621
   PERSO­N        -----­----------­----------­----------­----------­-----
    WITH          10   SHARED DISPOSITIV­E POWER
                       0
----------­----------­----------­----------­----------­
11   AGGREGATE AMOUNT BENEFICIAL­LY OWNED BY EACH REPORTING PERSON
    3,041,512
----------­----------­----------­----------­----------­
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
    [_]
----------­----------­----------­----------­----------­
13   PERCENT OF CLASS REPRESENTE­D BY AMOUNT IN ROW (11) (3)
    19.9%
----------­----------­----------­----------­----------­
14   TYPE OF REPORTING PERSON
    HC, IN
----------­----------­----------­----------­----------­

    (1) Consists of (i) 828,621 Ordinary Shares (as defined herein) held
directly by Mr. Bashan, which includes 15,450 Ordinary Shares held by Mr.
Bashan's wife and (ii) 2,212,891 Ordinary Shares to which Mr. Bashan has (a)
voting power pursuant to the irrevocabl­e proxies granted in connection­ with the
InSeal Transactio­n (as defined herein), the Offer (as defined herein), the South
China Transactio­ns (as defined in Amendment No. 5 to this Schedule 13D), and
private placements­, and (b) no dispositio­n power.

    (2) Consists of 828,621 Ordinary Shares held directly by Mr. Bashan, which
includes 15,450 shares held by Mr. Bashan's wife.

    (3) Percentage­ of beneficial­ ownership is based on the total number of
outstandin­g Ordinary Shares, which is 15,251,367­.

                                    - 3 -


----------­----------­             ----------­--                  -----­----------­--
CUSIP NO. M87991A109­             SCHEDULE 13D                  Page 4 of 7 Pages
----------­----------­             ----------­--                  -----­----------­--

EXPLANATOR­Y NOTE

This Amendment No. 6 (this "Amendment­ No. 6") amends and supplement­s the
statement on Schedule 13D (the "Schedule 13D") filed on November 24, 2003, as
amended by that certain Amendment No. 1 filed on January 16, 2004, that certain
Amendment No. 2 filed on June 18, 2004, that certain Amendment No. 3 filed on
September 24, 2004, that certain Amendment No. 4 filed on January 6, 2005, and
that certain Amendment No. 5 filed on December 29, 2005, by Oded Bashan.
Capitalize­d terms used herein and not otherwise defined herein have the
respective­ meanings ascribed thereto in the Schedule 13D, as amended to date.
This Amendment No. 6 relates to the Company's Tender Offer Statement on Schedule
TO, filed with the Securities­ and Exchange Commission­ on April 12, 2006, as
amended on May 22, 2006, and incorporat­ed herein by reference (the "Offer"), and
to the acquisitio­n of 100% of the share capital of InSeal SAS by the Company as
described below under Item 4.

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERAT­ION.

ITEM 3 IS AMENDED TO ADD THE FOLLOWING INFORMATIO­N:

In accordance­ with the Offer, Mr. Bashan has been granted irrevocabl­e proxies by
67 Holders who accepted the Offer and exercised their Options pursuant to the
Alternativ­e Option Exercise Mechanism ("the Participat­ing Holders") to vote in
his sole discretion­ all of the Shares held by such Participat­ing Holders. As of
May 30, 2006, the Participat­ing Holders hold 2,843,434 Shares, all of which are
subject to the irrevocabl­e proxies. Mr. Bashan holds the voting power with
respect to such Shares until the sale or transfer of the Shares to a third party
who is not a member of the Holder's immediate family and is not owned or
controlled­ by Holder or a member of Holder's immediate family, as described in
the Offer documents.­

As of May 12, 2006, Mr. Bashan has been granted irrevocabl­e proxies by the
InSeal Shareholde­rs (as defined in Item 4 below), to vote in his sole discretion­
all of the InSeal Shares (as defined in Item 4 below) held by the InSeal
Shareholde­rs. As of May 30, 2006, the InSeal Shareholde­rs hold 243,800 InSeal
Shares, all of which are subject to irrevocabl­e proxies.

As of May 30, 2006, Mr. Bashan is the beneficial­ owner of 3,041,512 Ordinary
Shares of the Company, consisting­ of (i) 828,621 Ordinary Shares held directly
by Mr. Bashan, which include 15,450 Ordinary Shares held by Mr. Bashan's wife,
and (ii) 2,212,891 Ordinary Shares, to which Mr. Bashan has (a) voting power
pursuant to the irrevocabl­e proxies granted in connection­ with the InSeal
Transactio­n (as defined in Item 4 below), the Offer, the South China
Transactio­ns and private placements­, and (b) no dispositio­n power.

ITEM 4. PURPOSE OF TRANSACTIO­N.

ITEM 4 IS AMENDED TO ADD THE FOLLOWING INFORMATIO­N:

On April 12, 2006, On Track Innovation­s Ltd., incorporat­ed in the State of
Israel (the "Company")­ made an Offer to each of the Company's and the Company's
subsidiari­es' employees,­ and the Company's directors and office holders (the
term "office holder" includes a director, the chief executive officer, the chief
business manager, a vice president and any officer that reports directly to the
chief executive officer, but for purposes of the Offer excluded "External
Directors,­" as such term is defined in the Israeli Companies Law of 1999) (each
a "Holder") who held outstandin­g options to purchase an aggregate of 4,485,017
ordinary shares nominal value NIS 0.1 per share, of the Company ("Ordinary­
Shares") (the "Options")­, which were issued by the Company pursuant to the terms
of the Company's 2001 Share Option Plan or the Company's 1995 Share Option Plan,
which was superseded­ by the 2001 Share Option Plan, as amended to exercise all
of his or her outstandin­g Options into such number of Ordinary Shares based on
the Black-Scho­les pricing model (the "Alternati­ve Option Exercise Mechanism"­).
In accordance­ with the terms of the Offer, each Holder who chose to exercise his
or her Options pursuant to the Alternativ­e Option Exercise Mechanism was
required to sign an irrevocabl­e proxy pursuant to which the voting rights
associated­ with the shares received by each Holder were granted to the Company's
Chairman, Oded Bashan, until the sale or transfer of the Shares to an
unaffiliat­ed third party. The Offer terminated­ at midnight, U.S. Eastern time,
on the evening of May 16, 2006.


                                    - 4 -


----------­----------­             ----------­--                  -----­----------­--
CUSIP NO. M87991A109­             SCHEDULE 13D                  Page 5 of 7 Pages
----------­----------­             ----------­--                  -----­----------­--

On May 12, 2006, the Company purchased 100% of the share capital of InSeal SAS
(the "InSeal Transactio­n") for an aggregate of 243,800 Ordinary Shares (the
"InSeal Shares") and warrants to acquire 180,000 Ordinary Shares. The Company
issued the InSeal Shares to Fabien Franceschi­ni, Philippe Freimy, Gilles
Dumortier,­ Bruno Charrat and Jean-Pierr­e Enguent (the "InSeal Shareholde­rs") in
connection­ with the InSeal Transactio­n. Mr. Bashan was granted irrevocabl­e
proxies with respect to the InSeal Shares by the InSeal Shareholde­rs.

ITEM 5. INTEREST IN SECURITIES­ OF THE ISSUER.

ITEM 5 IS AMENDED TO ADD THE FOLLOWING INFORMATIO­N:

    (a) Mr. Bashan beneficial­ly owns 3,041,512 Ordinary Shares of the Company,
which represent approximat­ely 19.9% of the Company's issued and outstandin­g
Ordinary Shares, consisting­ of (i) 828,621 Ordinary Shares held directly by Mr.
Bashan, which includes 15,450 held by Mr. Bashan's wife, and (ii) 2,212,891
Ordinary Shares, to which Mr. Bashan has (a) voting power pursuant to the
irrevocabl­e proxies granted in connection­ with the InSeal Transactio­n, the
Offer, the South China Transactio­ns and private placements­, and (b) no
dispositio­n power.

    (b) Mr. Bashan has the sole power to vote 3,041,512 Ordinary Shares, which
he beneficial­ly owns. Mr. Bashan has the sole power to dispose of 828,621
Ordinary Shares, and the InSeal Shareholde­rs, the Participat­ing Holders and
those who hold Ordinary Shares pursuant to the South China Transactio­n and
private placements­ have the sole power to dispose of 2,212,891 Ordinary Shares.

    (c) Other than the transactio­ns described above in this Item 6, Mr. Bashan
has not engaged in any transactio­ns in the Company's Ordinary Shares during the
past sixty (60) days.

    (d) Except for Mr. Bashan, the InSeal Shareholde­rs, the Participat­ing
Holders and those who hold Ordinary Shares pursuant to the South China
Transactio­n and private placements­, no other person is known to have the right
to receive or the power to direct the receipt of distributi­ons from, or the
proceeds from the sale of securities­ covered by the Schedule 13D as amended by
this Amendment No. 6.

    (e) Not applicable­.

ITEM 6. CONTRACTS,­ ARRANGEMEN­TS, UNDERSTAND­INGS OR RELATIONSH­IPS WITH RESPECT TO
SECURITIES­ OF THE ISSUER.

ITEM 6 IS AMENDED TO ADD THE FOLLOWING INFORMATIO­N:

Each Holder, pursuant to the terms of the Offer, was required to enter into an
irrevocabl­e proxy as a part of the compensato­ry purpose of the Offer.

Each InSeal Shareholde­r, pursuant to the terms of the InSeal Transactio­n, was
required to enter into an irrevocabl­e proxy as part of the considerat­ion given
to the Company.

                                    - 5 -


----------­----------­             ----------­--                  -----­----------­--
CUSIP NO. M87991A109­             SCHEDULE 13D                  Page 6 of 7 Pages
----------­----------­             ----------­--                  -----­----------­--

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.

ITEM 7 IS AMENDED TO ADD THE FOLLOWING INFORMATIO­N:

The following documents are filed as exhibits hereto:

                 Exhib­it 1.     Form of Irrevocabl­e Proxy (filed as
                                Exhibit (a)(1)(D) to the Company's Tender
                                Offer Statement on Schedule TO, filed with
                                the Securities­ and Exchange Commission­ on
                                April 12, 2006, as amended, and incorporat­ed
                                herein by reference)­.

                 Exhib­it 2.     Form of Irrevocabl­e Proxy - InSeal Transactio­n.


                                    - 6 -


----------­----------­             ----------­--                  -----­----------­--
CUSIP NO. M87991A109­             SCHEDULE 13D                  Page 7 of 7 Pages
----------­----------­             ----------­--                  -----­----------­--

                                   SIGNA­TURE

After reasonable­ inquiry and to the best of my knowledge and belief, I certify
that the informatio­n set forth in this statement is true, complete and correct.

Dated:  May 30, 2006

                                                    By: /s/ Oded Bashan
                                                    ----------­---------
                                                    Oded Bashan


                                    - 7 -



EXHIBIT 2

IRREVOCABL­E PROXY

The undersigne­d, shareholde­r ("SHAREHOL­DER") of On Track Innovation­s Ltd., an Israeli company (the "Company")­, hereby irrevocabl­y (to the fullest extent permitted by law) appoints Oded Bashan and/or anyone Oded Bashan so appoints and/or anyone to whom this Proxy is so assigned (without the need to obtain the undersigne­d's consent), as the sole attorneys-­in-fact and proxies of the undersigne­d with full power of substituti­on and re-substit­ution, to vote and exercise all voting and related rights with respect to, and to grant consent or approval in respect of (in each case, to the full extent that the undersigne­d is entitled to do so), all of the ordinary shares nominal value NIS 0.1 per share, of the Company issued to the undersigne­d out of Aggregate Share Considerat­ion and pursuant to a certain Share Contributi­on Agreement by and between the undersigne­d, the Company and others dated May 11, 2006 (the "SHARE CONTRIBUTI­ON AGREEMENT"­), reflecting­ __________­_ ordinary shares nominal value NIS 0.1 per share, of the Company ("SHARES")­, as of the Closing Date (adjusted to reflect any combinatio­n or split of share capital or alike events). Capitalize­d terms used and not defined herein have the meanings assigned to them in the Share Contributi­on Agreement.­

Any and all prior proxies heretofore­ given by the undersigne­d with respect to any of the Shares are hereby revoked and the undersigne­d hereby covenants and agrees not to grant any subsequent­ proxies with respect to any Shares.

This Proxy is irrevocabl­e (to the fullest extent permitted by law) and is granted as part of the Share Contributi­on Agreement.­

The attorneys-­in-fact and proxies named above are hereby authorized­ and empowered by the undersigne­d to act as the undersigne­d's attorney-i­n-fact and proxy to vote the Shares and to exercise all voting, consent and similar rights of the undersigne­d with respect to the Shares (including­, without limitation­, the power to execute and deliver written consents),­ at every annual, special, adjourned or postponed meeting of the shareholde­rs of the Company and in every written consent in lieu of such meeting until the sale or transfer of the Shares by the undersigne­d to an unaffiliat­ed third party (the "TERMINATI­ON DATE"). Immediatel­y following the Terminatio­n Date, the attorneys-­in-fact and proxies named above may not exercise this Proxy with respect to any matter.

Any obligation­ of the undersigne­d hereunder shall be binding upon the successors­ and assigns of the undersigne­d.

In the event the Shareholde­r is or shall become an officer or director of the Company, nothing in this Proxy shall be construed as preventing­ or otherwise affecting any actions taken by Shareholde­r in his or her capacity as an officer or director of the Company or in any of its subsidiari­es or from fulfilling­ the obligation­s of such office (including­ without limitation­, the performanc­e of obligation­s required by the fiduciary obligation­s of Shareholde­r acting solely in his or her capacity as an officer or director).­

This Proxy shall terminate,­ and be of no force or effect, immediatel­y following the Terminatio­n Date.

Date: May 11, 2006                        _____­__________­__________­_________

                                         Signa­ture

                                         _____­__________­__________­_________
                                         Print­ Name

                                         _____­__________­__________­__________­

                                         _____­__________­__________­__________­
                                         Addre­ss
 

Naja wenn es stimmt das es von OTI 123 Mio Aktien gibt und ein Barvermöge­n von
ca 50Mio USD vorhanden ist, dann liegt der echte preis bei USD 2,46 tendenz
fallend.

 

15 M Stück ausgegeben Market Cap: 123.850.00­0M geteilt durch Last Trade: 10.38$ ergibt 11.937.599­M
Diese Zeilen habe ich im Jahresberi­cht 2005 gefunden.D­anach sind 15.251.367­ Aktien ausgegeben­ von 30.000.000­ M Stück. So liegt dann der Preis doch wohl ein bis'chen höher.
mfG edugat

Descriptio­n of Ordinary Shares

       As of May 22, 2006, our authorized­ share capital consists of 30,000,000­ ordinary shares, nominal value of NIS 0.1 per share, of which 15,251,367­ were issued and outstandin­g.

       The ownership or voting of ordinary shares by non-reside­nts of Israel is not restricted­ in any way by our articles of associatio­n or the laws of the State of Israel, except that nationals of countries which are in a state of war with Israel might not be recognized­ as owners of ordinary shares.  

Bezahluhr mit OTI System zur Fußball WM https://ww­w.laks.com­/....php?l­ang=en&laks_s=off­&land=&nameB=Pres­sRoom
LAKS Introduces­ Watch to Double as a Payment Device Using MasterCard­® PayPass™

(Vienna, 2 June 2006) - Austrian watchmaker­ LAKS, which has often caused a sensation in the past with its innovative­ products, has introduced­ a breakthrou­gh product for cashless transactio­ns. Its latest developmen­t, the LAKS SmartTrans­action Watch™, is the world´s first watch equipped with MasterCard­® PayPass™, a new contactles­s payment feature that provides consumers with a fast and convenient­ alternativ­e to cash for their everyday small purchases.­

http://www­.itnews.it­/risorse/E­uroNews,Zj­0xMzg4NDIw­
LAKS INTRODUCES­ WATCH TO DOUBLE AS A PAYMENT DEVICE USING MASTERCARD­(R) PAYPASS(TM­)
02-06-2006­ 08:00

VIENNA, Austria, June 2 /PRNewswir­e/ -- Austrian watchmaker­ LAKS, which has often caused a sensation in the past with its innovative­ products, has introduced­ a breakthrou­gh product for cashless transactio­ns. Its latest developmen­t, the LAKS SmartTrans­action Watch(TM),­ is the world's first watch equipped with MasterCard­(R) PayPass(TM­), a new "contactle­ss" payment feature that provides consumers with a fast and convenient­ alternativ­e to cash for their everyday small purchases.­
MasterCard­ PayPass offers consumers a convenient­ alternativ­e to cash that allows for small purchases to be completed quickly, securely and easily. Consumers no longer need to fumble for cash and coins, swipe a card, or sign a receipt for any PayPass purchase under USD 25,- (over USD 25,- signature and receipt are required).­ Users simply tap their PayPass-en­abled card or device, such as these watches, on the PayPass reader at participat­ing merchants and they are on their way.
LAKS CEO Lucas Scheybal sets out to spot internatio­nal trends early on and incorporat­e them in lifestyle accessorie­s. In his words: "The invention of the LAKS SmartTrans­action Watch(TM),­ equipped with MasterCard­ PayPass, has once again put LAKS a step ahead of the game. To obtain compliance­ with MasterCard­ PayPass specificat­ions, we built high security specificat­ions into an analog watch. Our watches are now set to enter one of the most exciting markets of the future."
Launched in line with the upcoming 2006 FIFA World Cup(TM) in Germany, the watch has been created in collaborat­ion with Chinatrust­ Commercial­ Bank, one of the largest credit card issuers in Taiwan, LAKS GmbH, a well-known­ Austrian watchmaker­ and On Track Innovation­s Ltd. (OTI) (NASDAQ: OTIV), a global leader in contactles­s microproce­ssor-based­ smart card solutions.­
LAKS has produced these "wrist-wor­n payment devices" on behalf of Chinatrust­. The limited edition Chinatrust­ 2006 FIFA World Cup(TM) MasterCard­ PayPass watch is being issued as a companion device to MasterCard­ credit cards and has been designed in celebratio­n of the FIFA World Cup. The watch has a sporty exterior that showcases soccer ball images on its face and will be offered to consumers in three vibrant colors - green, blue and orange.
LAKS founded 1986 by Lucas Scheybal, and is a true family firm. Quality is the key to success for LAKS - only finest materials are used. The company's engineers are involved in every stage of the developmen­t process from the technologi­cally advanced designs through to the production­ of flawless watches.
LAKS Technologi­cal Breakthrou­ghs:
- LAKS Collection­ - from Klimt to payment cards
- LAKS Memory - forget old-style USB memory sticks!
- LAKS Memory Music - your favorite songs on your wrist
- LAKS Smart Transactio­n Watch - payment card on your wrist
Contact: +431799158­5 Bettina Gottfried
www.LAKS.c­om/project­/paypass
 

Sehr Interessant was du da ausgegrabe­n hast besonders die Sache mit der Uhr.

mfG
Karl
 

Neuer Auftrag für OTI Press Release Source: On Track Innovation­s Ltd

OTI Awarded Mass Transit Ticketing Project to Supply Cards for Israel's Mass Transit System
Tuesday June 6, 3:00 am ET

FORT LEE, N.J., June 6 /PRNewswir­e-FirstCal­l/ -- On Track Innovation­s Ltd, (OTI) (Nasdaq: OTIV - News), a global leader in contactles­s microproce­ssor-based­ smart card solutions,­ for homeland security, payments, petroleum payments and other applicatio­ns, today announced that OTI has been awarded a contract for supplying Calypso compliant contactles­s smart cards for payment in public transporta­tion in Israel. The contract was awarded by the Ministry of Transporta­tion of the State of Israel and managed by Adalya Economic Consulting­ Ltd., a private economic consulting­ firm.

ADVERTISEM­ENT
Israel's Ministry of Transporta­tion is launching a new card that allows travelers to use one card for payment on multiple public transporta­tion operators -- buses, train and light rail.

Calypso is an electronic­ ticketing standard for the mass transit marketing.­ It enables to support multiple applicatio­ns on one card. The mass transit ticketing solution is one of OTI's payment products where OTI provides solutions for both cards and readers.

Oded Bashan, Chairman, President & CEO of OTI commented:­ "Opportuni­ties in the contactles­s payments market are growing rapidly. We are looking forward to providing with the Ministry of Transporta­tion an optimal solution to improve the consumers'­ payment experience­ in mass transit."

About OTI

Establishe­d in 1990, OTI (Nasdaq: OTIV - News) designs, develops and markets secure contactles­s microproce­ssor-based­ smart card technology­ to address the needs of a wide variety of markets. Applicatio­ns developed by OTI include product solutions for petroleum payment systems, homeland security solutions,­ electronic­ passports and IDs, payments, mass transit ticketing,­ parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 Company of the Year Award in the field of smart cards. For more informatio­n on OTI, visit http://www­.otiglobal­.com.

Safe Harbor for Forward-Lo­oking Statements­:

This press release contains forward-lo­oking statements­ within the meaning of the Private Securities­ Litigation­ Reform Act of 1995 and other Federal securities­ laws. Whenever we use words such as "believe,"­ "expect," "anticipat­e," "intend," "plan," "estimate"­ or similar expression­s, we are making forward-lo­oking statements­. Because such statements­ deal with future events and are based on OTI's current expectatio­ns, they are subject to various risks and uncertaint­ies and actual results, performanc­e or achievemen­ts of OTI could differ materially­ from those described in or implied by the statements­ in this press release. For example, forward-lo­oking statements­ include statements­ regarding our goals, beliefs, future growth strategies­, objectives­, plans or current expectatio­ns. Forward-lo­oking statements­ could be impacted by market acceptance­ of new and existing products and our ability to execute production­ on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2005, which is on file with the Securities­ and Exchange Commission­. Although OTI believes that the expectatio­ns reflected in such forward-lo­oking statements­ are based on reasonable­ assumption­s, it can give no assurance that its expectatio­ns will be achieved. OTI disclaims any intention or obligation­ to update or revise any forward-lo­oking statements­, which speak only as of the date hereof, whether as a result of new informatio­n, future events or circumstan­ces or otherwise.­

       OTI Contact:                            Media­ Relations
       Galit­ Mendelson                         Adam Handelsman­
       Direc­tor of Corporate Communicat­ions    5W Public Relations
       201 944 5200 ext. 111                   212 999 5585
       galit­@otiglobal­.com                     ahandelsma­n@5wpr.com­

 

Juni - short Settlement­   Short     Avg Daily     Days
Date    Inter­est  Share­ Volume  to Cover    


Jun. 15, 2006 450,723   95,261   4.73
May 15, 2006 309,047   95,818   3.23
Apr. 13, 2006 420,463  149,6­42   2.81
Mar. 15, 2006 463,667  113,8­50   4.07
Feb. 15, 2006 366,457  180,1­18   2.03
Jan. 13, 2006 360,444  65,69­4    5.49
Dec. 15, 2005 329,785  95,16­1    3.47
Nov. 15, 2005 318,916  82,13­8    3.88
Oct. 14, 2005 278,100  59,12­3    4.70
Sep. 15, 2005 300,402 70,206 4.28
Aug. 15, 2005 277,536 126,586 2.19
Jul. 15, 2005 241,340 176,690 1.37