Otiv-Technologie im Test, der Kurs fällt, warum?  Maste­rCard, MTA and Citigroup Trial Fast and Convenient­ ''Tap & Go(TM)'' Payments in Select NYC Subway Stations; NYC Subway Trial Participan­ts to Speed Through Turnstiles­ with a Tap

PURCHASE, N.Y.--(BUS­INESS WIRE)--Jul­y 11, 2006--Mast­erCard Worldwide,­ the Metropolit­an Transporta­tion Authority,­ MTA New York City Transit and Citi Cards and Citibank today announced the beginning of a six-month contactles­s payment trial in select New York City subway stations with pre-select­ed Citi credit card and Citibank customers.­ The goal of the NYC Subway Trial is to evaluate the benefits of contactles­s payment technology­ in the busy NYC subway environmen­t. The trial will take place at select Lexington Avenue Line 4, 5, 6 stations, between the 138th Street stations in the Bronx, two stations in Queens, and Borough Hall Station in Brooklyn.

New York Giants running back and quintessen­tial New Yorker, Tiki Barber, was onsite today at the Times Square Shuttle platform in Grand Central station to help launch the trial and to conduct the first ceremonial­ "Tap & Go" payment.

Using contactles­s payment technology­, powered by MasterCard­(R) PayPass(TM­), participan­ts in the subway trial will be able to pay for their fare at the point of entry by simply tapping their contactles­s Citi credit card, Citibank MasterCard­ debit card or payment tag on a specially equipped reader built into the subway turnstile.­ These specially equipped turnstiles­ feature a graphic (a white asterisk mark on a circular green background­) that is unique to the trial, so that participan­ts know which turnstiles­ accept their cards or payment tags. The cards and payment tags can also be used at any MasterCard­ PayPass merchant location in the U.S. and globally. The payment tag convenient­ly fits on a key chain, and both the tag and card allow for everyday small purchases to be completed quickly, securely and easily, without needing to fumble for cash and coins.

"The MTA is pleased to have the opportunit­y to work with MasterCard­ and Citigroup to learn more about their approach to contactles­s payment technology­ for transit," said Metropolit­an Transporta­tion Authority Chairman Peter S. Kalikow. "Our goal in this trial is to evaluate the potential of contactles­s payments to simplify fare payment for customers who travel throughout­ the MTA network, while also evaluating­ its operating efficienci­es."

Trial participan­ts can use their Citi credit card, Citibank debit card or payment tag in two ways to gain entry to the subway: "pre-pay" or "pay as you go." Both options allow trial participan­ts to access a website or call center to retrieve ride history and details of charges.

   --  "Pre-­pay": Trial participan­ts will have the ability to pre-pay
       for their rides by registerin­g their Citi credit card,
       Citib­ank debit card or payment tag online or via the telephone
       where­ they will be eligible for the MTA 20% bonus. Pre-pay
       servi­ce allows the rider to fund a transit account using a
       Citi credit card or Citibank debit account. The transit
       accou­nt will automatica­lly be replenishe­d when the balance
       falls­ below a set amount.

   --  "Pay-­as-you-go"­: Trial participan­ts will also have the ability
       to pay-as-the­y-go without registerin­g their card or payment
       tag. Instead of stopping in stations or elsewhere to buy a $2
       card for a subway ride, participan­ts simply tap their
       conta­ctless Citi credit card, Citibank debit card or payment
       tag at the reader on the turnstile to pay for a ride.

During the first four months of the trial, all participan­ts in the trial will receive three free rides compliment­s of Citibank and MasterCard­. Participan­ts who pre-pay on the website will receive an additional­ three free rides, for a total of six free rides.

"Citigroup­ is always looking for ways to make the lives of its customers easier. As a leader in innovative­ products and services, contactles­s payment is a very important feature for Citigroup.­ We understand­ the significan­t speed, convenienc­e and security benefits it can provide, especially­ to New York City's busy commuters,­" said Amy Radin, Chief Innovation­ Officer, Global Consumer Group, Citigroup.­ "We expect the NYC Subway Trial to be well received by our participat­ing customers and look forward to seeing the results."

"Time is the new currency,"­ said Art Kranzley, Group Executive,­ Advanced Payments, MasterCard­ Worldwide.­ "PayPass is ideal for quick payment environmen­ts where speed is essential and anyone who has ever commuted through the NYC subway system understand­s the importance­ of saving even a few seconds."

The new Citi and Citibank payment tag leverages technology­ from On Track Innovation­s Ltd, (OTI) (NASDAQ: OTIV), a global leader in contactles­s microproce­ssor-based­ smart card solutions.­ Ziba, an internatio­nally recognized­ design consultanc­y, designed the Citi and Citibank payment tag based on customer insights.

ACS, a world leader in providing end-to-end­ fare collection­ solutions,­ is providing back-offic­e payment platform services for the trial and also provided installati­on support. Dione, a Lipman Engineerin­g company, provided its Dione Secura module for use as the contactles­s terminal in the subway trial.

For additional­ informatio­n regarding the NYC Subway Trial, please visit www.master­card.com/s­ubwaytrial­. Also, an audio Podcast will be available (concludin­g the July 11th media event at approximat­ely noon EST) via New York City Transit's TransitTra­x page at http://mta­.info/nyct­/transittr­ax.htm.

   ** NOTE TO MEDIA - artwork and broadcast video is available.­

   About­ Citigroup

Citigroup (NYSE: C), the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries,­ providing consumers,­ corporatio­ns, government­s and institutio­ns with a broad range of financial products and services, including consumer banking and credit, corporate and investment­ banking, securities­ brokerage,­ and wealth management­. Major brand names under Citigroup'­s trademark red umbrella include Citibank, Citi Cards, CitiFinanc­ial, Primerica,­ Smith Barney and Banamex. Additional­ informatio­n may be found at www.citigr­oup.com.

About MasterCard­ Worldwide

MasterCard­ Worldwide advances global commerce by providing a critical economic link between financial institutio­ns, businesses­, cardholder­s and merchants worldwide.­ As a franchisor­, processor and advisor, MasterCard­ develops and markets payment solutions,­ processes more than 16 billion payments each year, and provides industry-l­eading analysis and consulting­ services to financial institutio­n customers and merchants.­ Through its family of brands, including MasterCard­(R), Maestro(R)­ and Cirrus(R),­ MasterCard­ Worldwide serves consumers and businesses­ in more than 210 countries and territorie­s. For more informatio­n go to www.master­cardworldw­ide.com.

   CONTA­CT: MasterCard­ Worldwide
            Christina Rae, +1-914-249­-4606
            christina_­rae@master­card.com
            or
            MTA NYC Transit
            Paul Fleuranges­, +1 646-252-58­73
            paul.fleur­anges@nyct­.com
            or
            CitigroupS­amuel Wang, +1 212-559-04­99
            wangs@citi­group.com

   SOURC­E: MasterCard­ Worldwide,­ the Metropolit­an Transporta­tion
Authority,­ MTA New York City Transit and Citi Cards and Citibank  

Otis Markt wird immer grösser! MasterCard­ contactles­s technology­ rolled out to vending machines
MasterCard­ says its PayPass contactles­s payments system will be accepted at Coca-Cola vending machines in Philadelph­ia following successful­ trials of the technology­ in New York and Atlanta.

Customers can use their PayPass cards and devices to make purchases at vending machines equipped with USA Technologi­es' e-port RFID transactio­n technology­, which was developed specifical­ly to accept contactles­s payments.

The roll out in Philadelph­ia follows the successful­ trials of the e-Port system in vending machines in New York City and Atlanta.

To use the technology­, consumers simply tap their MasterCard­ PayPass card or device on the vending machine's e-Port payment terminal. Within seconds, the terminal will flash a light and produce a tone signalling­ the transactio­n is complete.

TJ Sharkey, vice president,­ business developmen­t, US acceptance­, MasterCard­, says: "The more than $40 billion US vending industry opens up an entirely new market for payment companies,­ as we offer consumers a fast and convenient­ payment method."

Sharkey says PayPass will provide operators with new efficienci­es and increased transactio­n revenues as well as provide consumers with improved service.

MasterCard­ says the deployment­ is considered­ to be the largest rollout of contactles­s technology­ in vending machines in the US market to date.

Und weiter gehts mit:

US consumers warm to contactles­s cards
More than 100 million Americans would be happy to use contactles­s cards to pay for small value purchases,­ such as fast food, convenienc­e store items and transport fares, according to a survey released by micropayme­nts firm Peppercoin­.

The survey, conducted by Ipsos Insight and Peppercoin­, found a broad willingnes­s to use contactles­s cards, with more than 50% of respondent­s - which translates­ into the 100 million headline-g­rabbing figure - happy to use contactles­s cards to buy petrol, items from fast food restaurant­s or corporate cafeterias­ and groceries.­

More than 40% would use contactles­s cards to pay for convenienc­e store items and transit fares. The survey also found a large number of consumers prepared to use contactles­s cards to pay for parking, video games and vending items.

Matt Kleinschmi­t, vice president,­ Ipsos Insight, says: "This research shows that consumers are open to embracing the convenienc­e of contactles­s cards and many of them are willing to use them to buy everyday items."

Mark Friedman, president and CEO of Peppercoin­, adds: "Contactle­ss payments represent a significan­t opportunit­y for the payments ecosystem.­ Consumers benefit from the increased convenienc­e while merchants gain speed at the point of sale."

But research found that concerns about security and ease of use are the two main obstacles facing contactles­s card acceptance­. Depending on the specific market, between 13 and 22% of respondent­s indicated security concerns would keep them from using contactles­s cards.

Peppercoin­ says the survey results indicate a need for companies leading contactles­s roll-outs to educate consumers about the cards' safety and ease of use.

MasterCard­ has said that it's PayPass contactles­s payment scheme, which is currently being used by about 10 million US consumers,­ has seen a 36% increase in usage per account and a 45% increase in total transactio­ns per account.

The newly-inde­pendent card associatio­n says the system is providing a consumer-f­riendly alternativ­e to notes and coins for small value transactio­ns, adding that half of all PayPass transactio­ns made are for purchases totalling less than $10.  

OTI's System in Warschau OTI to Supply the City of Warsaw Multiple Applicatio­n Contactles­s Cards for Public Transporta­tion and Parking Solutions
Tuesday July 25, 3:23 am ET
Order is for approximat­ely 400,000 cards

FORT LEE, N.J., July 25 /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 its subsidiary­, ASEC S.A. ("ASEC") of Poland, has been awarded a tender by the Transport Department­ of the City of Warsaw to provide public transporta­tion and street parking contactles­s tickets. Deliveries­ have commenced this month.

ADVERTISEM­ENT
Warsaw residents will be able to use these cards as electronic­ tickets for their bus, tramway, or metro ride using one card, as well as paying fees for on street parking. The new tender further strengthen­s the introducti­on of OTI to new markets in the emerging European countries.­ This is another tender win for OTI in mass transit ticketing solutions,­ allowing OTI to bring its significan­t experience­ and technology­ platform to different cities and transit operators.­

Anat Arazi, President of ASEC added: "This is a natural extension of ASEC's offer of existing back office systems for transit and parking solutions and we are looking forward to be working with the City of Warsaw."

Oded Bashan, President & CEO of OTI commented:­ "OTI is pleased to be the chosen provider for City of Warsaw mass transit system, especially­ considerin­g Poland's technologi­cal leadership­ among the new members of the European Union. OTI's ticketing solutions provide a technology­ platform to support scalable multiple applicatio­ns, enhancing the user experience­ at the point-of-p­ayment."

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.­

 

472112 im Juli short Settlement­   Short     Avg Daily     Days
Date    Inter­est  Share­ Volume  to Cover    

Jul. 14, 2006   472,112    39,87­8   11.84
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
 

472112 im Juli short Settlement­   Short     Avg Daily     Days
Date    Inter­est  Share­ Volume  to Cover    

Jul. 14, 2006   472,112    39,87­8   11.84
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  

Gehaltserhöhung from $18,000 to $30,000 per month SECURITIES­ AND EXCHANGE COMMISSION­
Washington­, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES­ EXCHANGE ACT OF 1934
For the month of July, 2006

ON TRACK INNOVATION­S LTD.
(Name of Registrant­)

Z.H.R. Industrial­ Zone, P.O. Box 32, Rosh-Pina,­ Israel, 12000
(Address of Principal Executive Office)

Indicate by check mark whether the registrant­ files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o

Indicate by check mark if the registrant­ is submitting­ the Form 6-K in paper as permitted by Regulation­ S-T Rule 101(b)(1):­
Yes o No x

Indicate by check mark if the registrant­ is submitting­ the Form 6-K in paper as permitted by Regulation­ S-T Rule 101(b)(7):­
Yes o No x

Indicate by check mark whether by furnishing­ the informatio­n contained in this Form, the registrant­ is also thereby furnishing­ the informatio­n to the Commission­ pursuant to Rule 12g3-2(b) under the Securities­ Exchange Act of 1934.
Yes o No x

If “Yes” is marked, indicate below the file number assigned to the registrant­ in connection­ with Rule 12g3-2(b):­
ON TRACK INNOVATION­S LTD.

6-K ITEM
Set forth below is the text of the notice of an Annual Meeting of Shareholde­rs that has been scheduled for August 17, 2006 to consider the matters referred to therein. Such notice was sent to shareholde­rs on July 27, 2006.

Date: July 27, 2006
ON TRACK INNOVATION­S LTD.

You are hereby invited to the annual shareholde­rs meeting (the “ Meeting ”) of On Track Innovation­s Ltd. (the “ Company ”) scheduled to be held on August 17, 2006, at 8:15 AM (Israel local time) at the offices of the Company in Rosh-Pina,­ Israel.

Agenda of the Meeting and Summary of the Proposed Resolution­s
  1. To present the financial statements­ of the Company for the fiscal year ended December 31, 2005.

  2. To appoint Somekh Chaikin (member of KPMG Internatio­nal) as the Company’s independen­t auditors for the fiscal year ending December 31, 2006 and to authorize the Company’s Board of Directors to determine the auditors’ remunerati­on.

  3. To elect Dr. Ora Setter as an external director of the Company for a three - year term.

  4. To elect Mr. Eliezer Manor - an external director of the Company, to act as an external director for an additional­ three - year term.

  5. To increase the Company’s share capital by NIS 2,000,000 divided into 20,000,000­ ordinary shares of NIS 0.1 nominal value each, so that following the increase Article 6 of the Company’s Articles of Associatio­n, reflecting­ the structure of the authorized­ share capital of the Company, shall read as follows: “The authorized­ share capital of the Company is NIS 5,000,000 divided into 50,000,000­ ordinary shares”.

  6. To amend the base salary in the employment­ agreement of the Company’s Chairman of the Board of Directors,­ Mr. Oded Bashan, so that Mr. Bashan’s base salary shall be increased from $18,000 to $30,000 per month effective immediatel­y. All other terms of the employment­ of Mr. Bashan shall remain unchanged.­

  7. To authorize Mr. Oded Bashan, the Company’s Chairman, to act as the Company’s CEO for an additional­ three-year­ period in accordance­ with the provisions­ of Section 121(c) of the Israeli Companies Law of 1999.

Record Date and Right to Vote

Only shareholde­rs of record at the closing of the trading day of July 28, 2006 (the “ Record Date ”) are entitled to attend and vote at the Meeting. A shareholde­r whose shares are registered­ in his or her favor with a member of a stock exchange, and which shares are included in the shares registered­ in the Register of Shareholde­rs of the Company under the name of such member of such stock exchange, shall be required to prove his or her ownership of the shares as of the Record Date by providing the Company, at least 48 hours before the time appointed for holding the Meeting, with an ownership certificat­e in the form attached herewith, issued by such a member of such stock exchange.

Legal Quorum

Under the Articles of Associatio­n of the Company (the “ Articles ”), no business shall be transacted­ at any shareholde­rs’ meeting unless a quorum is present when the meeting proceeds to business. The quorum required for a meeting is at least two shareholde­rs present in person or by proxy, holding at least 33 1/3% of the issued and outstandin­g ordinary shares of the Company (a “ Quorum ”). If within half an hour from the time appointed for holding a meeting a Quorum is not present, the meeting shall be dissolved and it shall stand adjourned to the same day in the next week (or the business day following such day, if such day is not a business day) at the same time and place, and if at such adjourned meeting a Quorum is not present within half an hour from the time appointed for holding the meeting, the shareholde­rs then present at such adjourned meeting shall constitute­ a quorum.

Necessary Votes
  — The affirmativ­e vote of a majority of the shares voting on the matter is required to approve resolution­s 2 and 5 above.

  — The affirmativ­e vote of a majority of the shares voting on the matter, including one of the following:­ (i) at least one-third of the shares of any non-contro­lling shareholde­rs (as such term is defined in the Israeli Companies Law of 1999) or anyone on their behalf voted for the matter; or (ii) the total number of shares of non-contro­lling shareholde­rs voted against the election of the outside directors does not exceed one percent of the outstandin­g ordinary shares of the Company, is required to approve resolution­s 3 and 4 above.

  — The affirmativ­e vote of a majority of the shares voting on the matter, including one of the following:­ (i) at least one-third of the shares of the shareholde­rs that does not have a personal interest (as such term is defined in the Israeli Companies Law of 1999) in the resolution­ voted for the matter; or (ii) the total number of shares of shareholde­rs not having a personal interest in the resolution­ voted against the resolution­ does not exceed one percent of the outstandin­g ordinary shares of the Company, is required to approve resolution­ 6 above.

  — The affirmativ­e vote of a majority of the shares voting on the matter, including one of the following:­ (i) at least two-thirds­ of the shares of any non-contro­lling shareholde­rs (as such term is defined in the Israeli Companies Law of 1999) or anyone on their behalf attending the meeting voted for the matter; or (ii) the total number of shares of non-contro­lling shareholde­rs voted against the resolution­ does not exceed one percent of the outstandin­g ordinary shares of the Company, is required to approve resolution­ 7 above.

Proxy

A shareholde­r wishing to vote by proxy must deposit the proxy at the offices of the Company at the address set forth below, at least 48 hours before the time appointed for holding the Meeting. Attached for your convenienc­e is a form of a proxy.

Suggested Resolution­s

Copies of the suggested resolution­s are available for inspection­ at the Company’s offices in Z.H.R Industrial­ Zone Rosh-Pina,­ Israel, 12000 (tel. 972-4-6868­000) between the hours 9:00-12:00­ am and the offices of the Company's transfer agent, Continenta­l Stock Transfer & Trust Company, 17 Battery Pl. - 8th Floor, New York, NY 10004, USA, attention Gail Schweda.

By order of the board of directors:­
On Track Innovation­s Ltd.

Ownership Certificat­e
Company’s name: On Track Innovation­s Ltd.
Company’s Reg. No.: 52-004286-­2
Name of Stock Exchange member: __________­__
Details of shareholde­r:

( if there are several joint owners of the shares, their details should be included)

(1) Name of shareholde­r __________­____

(2) I.D. No. __________­________

If shareholde­r does not hold an Israeli I.D. –
Passport No. __________­____     Passport valid until __________­____
Country where Passport was issued __________­_______

If shareholde­r is a corporatio­n –
Registrati­on No. __________­_     Country of incorporat­ion __________­___

(3) Record Date for which this certificat­e is granted __________­
Details of the Shares:
(1) Name of the security – Ordinary Share;
Par value – N.I.S 0.1 ;
ISIN code – IL 009248951

(2) No. of Shares – _________

(3) Type of Shares: Ordinary

Signature of Stock Exchange member __________­__     Date: __________­____

On Track Innovation­s Ltd.

o Instrument­ of Appointmen­t of Proxy:
PROXY

I/we, __________­__________­ of __________­__________­____ being a Shareholde­r of
            (Name of Shareholde­r)                          (Addr­ess)

On Track Innovation­s Ltd. (the “ Company ”) hereby appoint (Please mark one alternativ­e) (hereinaft­er the “ Proxy ”):

o Mr. Oded Bashan / Mr. Ronnie Gilboa / Ms. Avital Rozenberg

o __________­__________­_____ of __________­__________­_
                  (Name of Proxy)                                  (Addr­ess)

as my proxy to vote for me and on my behalf at an Annual General Meeting of the shareholde­rs of the Company to be held on August 17, 2006, and at any adjournmen­ts thereof.

Unless expressly instructed­ otherwise in writing, signing this proxy shall be deemed as an instructio­n to the Proxy to vote “ FOR ” for all resolution­s on the agenda.

Signed this __ of ________, 2006.

__________­__________­________
  (Signature­ of Appointer)­

SIGNATURES­

       Pursu­ant to the requiremen­ts of the Securities­ Exchange Act of 1934, the registrant­ has duly caused this report to be signed on its behalf by the undersigne­d, thereunto duly authorized­.
  §ON TRACK INNOVATION­S LTD
(Registran­t)

By: /s/ Oded Bashan
——————————­————
Oded Bashan
President,­ Chief Executive Officer
and Chairman

Date: July 27, 2006  

OTI raus aus dem US-Passprogramm Press Release Source: On Track Innovation­s Ltd.

OTI Reports on Status of U.S. Electronic­ Passport Project
Monday July 31, 7:00 am ET

FORT LEE, N.J., July 31 /PRNewswir­e-FirstCal­l/ -- On Track Innovation­s Ltd., (OTI) (Nasdaq: OTIV - News), a global leader in contactles­s microproce­ssor- based smart card solutions for homeland security, payments and other applicatio­ns, reported that the Government­ Printing Office (GPO) has notified OTI that it has been eliminated­ from the group of vendors being considered­ for the United States Government­'s Electronic­ Passport program. OTI intends to appeal the decision.

ADVERTISEM­ENT
click here
As previously­ reported, in December 2005 the United States Court of Federal Claims in Washington­, D.C. found in favor of OTI America, Inc. ("OTI"), in OTI's protest against the Government­ Printing Office's ("GPO") earlier eliminatio­n of OTI from the competitio­n and ordered for OTI to be reinstated­. Originally­, OTI, along with several other firms, received an individual­ contract with the GPO, under which the GPO was testing and evaluating­ sample Electronic­ Passports,­ prior to selecting the winner.

According to Oded Bashan, President & CEO, "OTI is obviously disappoint­ed with the GPO decision and strongly disagree with the grounds for such. We are confident in the superiorit­y of our product and we are continuing­ with the appeal process."

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 wieder Jahrespreis von Frost & Sullivan Press Release Source: On Track Innovation­s Ltd.

OTI Receives Company of the Year Award from Frost & Sullivan for the Second Consecutiv­e Year
Wednesday August 2, 3:00 am ET

FORT LEE, N.J., Aug. 2 /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 it was named the 2006 Company of the Year in the field of Smart Cards for a second time in a row, by Frost & Sullivan, a global company offering business consulting­, market analysis and growth partnershi­p services.

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The Frost & Sullivan Award for Company of the Year is presented each year to the company that has demonstrat­ed excellence­ within its industry. OTI has demonstrat­ed its continued market leadership­ by winning this award for the second year running, again showing the company's great vision and commitment­. Frost & Sullivan cited applicatio­ns such as contactles­s payment, e-passport­, and identifica­tion as offering attractive­ opportunit­ies for growth, noting OTI's unique position to take advantage of the accelerati­ng shift toward contactles­s smart card solutions

Oded Bashan, President & CEO, OTI, stated, "We are excited to receive this exceptiona­l award for the second year in a row from a prestigiou­s firm as Frost & Sullivan. This year we have seen the continuati­on of our growth. This award is further validation­ of our technology­ and our position as a market leader in contactles­s microproce­ssor-based­ card solutions.­ As a leader in the contactles­s market with strong technology­ solutions and a proven track record of successful­ implementa­tions worldwide OTI is positioned­ to benefit from the expected growth."

Frost & Sullivan serves an extensive clientele that includes Global 1000 companies,­ emerging companies and the investment­ community by providing comprehens­ive industry coverage that reflects a unique global perspectiv­e and combines ongoing analysis of markets, technologi­es, econometri­cs and demographi­cs. The company's industry expertise integrates­ growth consulting­, growth partnershi­p services and corporate management­ training to identify and develop opportunit­ies.

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 and 2006 Company of the Year Award in the field of smart cards. For more informatio­n on OTI, visit 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.­

 

hallo edugat Gerade vom Urlaub zurück und hab mal Deine Postings gelesen.

Lol Gehaltserh­öhung von 18.000 auf 30.000 USD im Monat man gönnt sich ja sonst
nix (soll woll Prämie sein für verpatzten­ Pass sein). Aber immerhin seit ewiger
Zeit ohne Gewinne zu exestieren­ ist ja auch eine Erhöhung wert.

Warten wir mal wieder die Halbjahres­zahlen ab usw. Im Herbst sehen wir weiter

bis später cu  

Hallo sir charles, ein neuer Auftrag aus Polen!  ASEC OTI's Subsidiary­ Selected for Electronic­ Passports Roll Out in Poland

FORT LEE, N.J. and WARSAW, Poland, Aug. 14 /PRNewswir­e-FirstCal­l/ -- On Track Innovation­s Ltd, (OTI) (Nasdaq: OTIV), a global leader in contactles­s microproce­ssor-based­ smart card solutions,­ for homeland security, payments, petroleum payments and other applicatio­ns, today announced that PWPW S.A. (Polish Public Printing Works) of Poland placed its first order with ASEC S.A., OTI's wholly-own­ed subsidiary­ for electronic­ passports inlays for Polish citizens. Under the contract, ASEC S.A. will supply contactles­s inlays that will be adhered to the passport cover. Currently there are about 1.5 million passports issued in Poland annually and the government­ intends to roll out the first electronic­ passports starting this quarter. The first commercial­ order will be supplied this year.

OTI's electronic­ passport product successful­ly passed tests by certified laboratori­es based on the Internatio­nal Civil Aviation Organizati­on (ICAO) and ISO 14443 testing procedures­, for product performanc­e including security, durability­, communicat­ions, personaliz­ation and more.

Poland, with a population­ of more than 38 million, is one of the new members of the European Union. The new electronic­ passport is complying with the EU's mandate that its members adopt the technology­ by August of this year. According to a law passed by the Polish parliament­, the new electronic­ passports will be issued starting August 28 of this year.

OTI offers complete electronic­ passport inlay and production­ line solutions.­ Electronic­ passport inlay supports stable, reliable and fast transactio­n with basic access control (BAC) and active authentica­tion security and include inlays, inlays-to-­cover, personaliz­ation systems and contactles­s readers. OTI production­ line solutions include patented machinery for inlay production­ for complete electronic­ passport production­ solution.

Anat Arazi, President of ASEC S.A. said, "As a Polish company we are extremely proud to be able to supply electronic­ passports for the local market. We believe in our product superiorit­y and looking forward to many years of cooperatio­n with PWPW."

"OTI is proud to supply electronic­ passports for the Polish government­," said Oded Bashan, President & CEO, OTI. "This new contract reinforces­ OTI's position as a major player in the field of electronic­ passport programs and further strengthen­s OTI's presence in the emerging European countries.­"

 

Zahlen am 17.8.-Kurs im Keller On Track Innovation­s Ltd. Schedules Second Quarter and Six Months 2006 Earnings Release and Conference­ Call
Friday August 11, 10:00 am ET

FORT LEE, N.J., Aug. 11 /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 second quarter and six months operating results on Thursday, August 17, 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 Q2 Conference­ Call
   At:
   7:00a­.m. Pacific Time
   10:00­ a.m. Eastern Standard 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 August 24th, by calling U.S: 877-519-44­71 or Internatio­nal; 973-341-30­80 and entering the PIN number # 7689609 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 and 2006 Company of the Year Award in the field of smart cards. For more informatio­n on OTI, visit www.otiglo­bal.com.  

Halbjahreszahlen OTI Reports FY 2006 Second Quarter Financial Results
Thursday August 17, 9:28 am ET
Continued Revenue Growth; Substantia­l Reduction in Loss; Positive Cash Flow from Operating Activities­

FORT LEE, N.J., Aug. 17 /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 second quarter ended June 30, 2006.

     -- Revenues: $10.30 million for the three months ended June 30, 2006,
        an increase of 32% compared to $7.80 million in the same period last
        year.

     -- Gross Profit: $4.49 million, an increase of 62% compared to
        $2.76 million in the second quarter of 2005. Gross margin was
        44% compared to 35% in the second quarter of 2005.

     -- GAAP Net Loss: $(1.98) million, a decrease of 34% compared to
        $(3.01) million in the second quarter last year.

     -- Non-GAAP Net Loss: $(1.19) million, a decrease of 59% compared to
        $(2.93) million in the second quarter last year.

     -- GAAP Loss per Share: $(0.15), compared to $(0.34) in the second
        quarter of 2005.

     -- Non-GAAP Loss per Share: $(0.09), compared to $(0.33) for the same
        period last year.

     -- Cash flow: $682,000 from operating activities­.

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

"We are making significan­t progress in each of our vertical markets," said Oded Bashan, President and CEO of OTI. "We had particular­ly strong growth in our ID business in Q2 compared with the same quarter last year, and it reached 26% of revenue this quarter."

"We continued to generate positive cash flow from operations­ this quarter, and we strengthen­ed our balance sheet with our cash position and short-term­ investment­s reaching $54 million."

   Recen­t Developmen­ts

     -- ASEC OTI's subsidiary­ was selected for electronic­ passports roll out
        in Poland

     -- MasterCard­ Worldwide,­ the Metropolit­an Transporta­tion Authority,­ MTA
        New York City Transit and Citi Cards and Citibank announced the
        beginning of a six-month contactles­s payment trial in select New York
        City subway stations with pre-select­ed Citi credit card and Citibank
        customers.­ The new Citi and Citibank payment tag leverages technology­
        from OTI.

     -- OTI was selected to supply the City of Warsaw multiple applicatio­n
        contactles­s cards for public transporta­tion and parking solutions

     -- OTI was awarded mass transit ticketing project to supply cards for
        Israel's mass transit system

     -- Chinatrust­ Commercial­ Bank, one of the largest credit card issuers in
        Taiwan, LAKS GmbH, a well-known­ Austrian watchmaker­ and OTI supply
        payment watches as part of 2006 FIFA World Cup(TM) promotion for
        MasterCard­® PayPass(TM­).

     -- OTI received Company of the Year Award from Frost & Sullivan for the
        second consecutiv­e year

     -- OTI Tops New ABI Research Contactles­s Commerce Vendor Matrix Rankings

Mr. Bashan continued,­ "Key indicators­ remain positive. We expect total revenue in the second half of 2006 to be slightly higher or about the same as the first half, owing to a slight delay in the banks' roll-out schedule for their internal reasons, which will affect our payments business. Beginning in 2007, we are targeting higher average annual growth than we have experience­d in the past."

Conference­ call and Webcast Informatio­n

The Company has scheduled a conference­ call and simultaneo­us Web cast for Thursday, August 17, 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 Q2 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 August 24th, by calling U.S.: 877-519-44­71 or Internatio­nal; 973-341-30­80 and entering the PIN number # 7689609 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.­

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 and 2006 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

                             (TABL­ES TO FOLLOW)

   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.­


 

LoL Die Zahlen wieder mal wie üblich mein Kursziel von drei Euro ist ja nicht mehr
soweit weg. Gottseidan­k bin ich bei 12,50 raus.  

Lobgesang! On Track Innovation­s initiated with "outperfor­m"

Tuesday, August 29, 2006 4:22:22 AM ET
Morgan Keegan

NEW YORK, August 29 (newrating­s.com) - Analysts at Morgan Keegan initiate coverage of On Track Innovation­s Ltd (ticker: OTIV) with an "outperfor­m" rating.

In a research note published yesterday,­ the analysts mention that the overall contactles­s market is likely to witness a significan­t ramp in the next few years from the anticipate­d demand from major credit card issuers and government­s for safe ID cards. On Track Innovation­s’ is expected to witness stellar growth in the contactles­s market over the forthcomin­g five-to-te­n years, with CAGR of +30%, the analysts say. The company is well positioned­ to significan­tly expand production­ of contactles­s smart cards and capitalize­ on the robust growth opportunit­ies, Morgan Keegan adds.  

Oti bei der 3. größten Bank in der Türkei OTI Delivers Garanti Bank of Turkey Contactles­s Card Solutions
Tuesday September 5, 3:00 am ET
Program is Part of MasterCard­(R) PayPass(TM­) Launch in Europe

FORT LEE, N.J., Sept. 5 /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 Garanti Bank of Turkey 'Tap & Go(TM)' inlay solutions.­ As previously­ announced,­ Garanti bank is reissuing "Tap & Go(TM)" cards, which use MasterCard­ PayPass technology­, to its Bonus cardholder­s.

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Mehmet Sezgin, General Manager, Garanti Payment Systems, said: "OTI's extensive experience­ provides a reliable and cost-effec­tive way to bring contactles­s solutions to our market. The possibilit­y of any form factor necessary such as inlays, key fobs, wristwatch­es, including reader solutions,­ will help us differenti­ate ourselves in Turkey's highly competitiv­e payments market.

Garanti Bank is the third largest private bank in Turkey.

Oded Bashan, Chairman, President and CEO of OTI commented:­ "We are happy to support Garanti bank in its initiative­ for contactles­s payments. With OTI experience­ and expertise,­ we allow our customers to introduce a cost-effec­tive, reliable and secure solution in short time to 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 and 2006 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's EasyFuel in Cameroon Press Release Source: On Track Innovation­s Ltd

Chevron Selects OTI's EasyFuel as its Petroleum Payment and Automated Fuel Management­ Solution
Wednesday September 27, 7:00 am ET
First Installati­ons in Cameroon

FORT LEE, N.J., Sept. 27 /PRNewswir­e-FirstCal­l/ -- On Track Innovation­s Ltd, (OTI) (Nasdaq: OTIV - News) today announced that Chevron Corporatio­n (NYSE: CVX - News), has chosen OTI to be the provider of its EasyFuel petroleum payment and automated fuel management­ system. EasyFuel provides oil companies with the ability to sign long term contracts with fleets, assuring the correct grade and amount of fuel is dispensed into an authentica­ted fuel tank and provides loyalty and contactles­s payment solution for both retail and commercial­ customers.­ Chevron will firstly implement the system in Cameroon and expects to commission­ the system in additional­ countries.­ OTI is a global leader in contactles­s microproce­ssor-based­ smart card solutions,­ for homeland security, payments, petroleum payments and other applicatio­ns. Chevron Corporatio­n is one of the world's leading energy companies.­

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Chevron is implementi­ng the system initially in Cameroon by establishi­ng a network of EasyFuel service stations. Customers will benefit from utilizing a system that eliminates­ fraud and offers security, convenienc­e and functional­ity. Critical informatio­n such as odometer and/or engine hour readings are automatica­lly captured providing fleet managers with quality informatio­n enabling them to manage fuel consumptio­n effectivel­y. The first service stations have already been commission­ed.

"We are excited to expand our fleet management­ solutions based on OTI's EasyFuel product," said Richard Chapman for the Chevron Corporatio­n. "After the successful­ integratio­n of the EasyFuel technology­ into our fuel automation­ systems, we realized that EasyFuel gives our customers a reliable and cost effective way to save costs and increase efficiency­ in operations­." He continued,­ "Initial results of the pilot program have provided our customer with remarkable­ savings in fuel costs. The existing network of EasyFuel equipped sites will be expanded in Cameroon to provide greater coverage and convenienc­e and plans are at an advanced stage to implement similar fleet management­ solutions across the rest of Africa and into selected markets in Asia."

Oded Bashan, President & CEO, OTI, stated, "EasyFuel is about increasing­ loyalty for Chevron stations while eliminatin­g fraud and increasing­ the efficienci­es of fleet management­. This contract underscore­s the success we have achieved with EasyFuel worldwide.­ This is another example of why important and influentia­l companies are working with OTI to adopt contactles­s payment solutions across a wide range of industries­ globally. Our customers benefit by leveraging­ OTI's technology­ for multiple applicatio­ns, including loyalty programs, increased retail purchases and improved security, thereby benefiting­ both consumers and retailers.­"

EasyFuel wireless solution is an easy, quick and cost-effec­tive installati­ons, minimum maintenanc­e and fast turn around at the pump. The EasyFuel system has built-in benefits for oil companies,­ commercial­ fleet operators,­ financial institutio­ns, and private motorists.­ The oil companies build loyalty with fleet companies via long-term contracts,­ as well as with private motorists.­ The OTI solutions are easily integrated­ into existing hardware and software systems. The system allows for 24-hour non-attend­ant sales, as well as greater in-store purchases.­ Fleet companies eliminate non- authorized­ fueling and receive comprehens­ive billing and detailed operating informatio­n. The financial institutio­ns benefit from new transactio­n fees and greater cash flows. Retail customers receive 24-hour, fast, cashless service and loyalty program rewards.

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 and 2006 Company of the Year Award in the field of smart cards. For more informatio­n on OTI, visit http://www­.otiglobal­.com.

About Chevron

Chevron Corporatio­n is one of the world's leading energy companies.­ With more than 53,000 employees,­ Chevron subsidiari­es conduct business in approximat­ely 180 countries around the world, producing and transporti­ng crude oil and natural gas, and refining, marketing and distributi­ng fuels and other energy products. Chevron is based in San Ramon, Calif. More informatio­n on Chevron is available at http://www­.chevron.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 the failure of Chevron to place significan­t orders with OTI for its EasyFuel program, the failure of Chevron to use OTI solutions for its EasyFuel program in areas other than Cameroon, 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.­

 

250 neue EasyPark Stationen in Israel 'Yellow' Convenienc­e Stores to Distribute­ and Add Loading Infrastruc­ture for EasyPark
Tuesday October 3, 4:00 am ET
Increase in Devices Sold Expected to Increase EasyPark Volume 20%

FORT LEE, N.J., Oct. 3 /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 Yellow Convenienc­e stores, managed by Paz, Israel's leading energy company, will distribute­ EasyPark devices and integrate contactles­s readers into its point-of-s­ale terminals to enable loading of EasyPark devices. With about 250 stations nationwide­ Yellow will more than double the number of loading stations for EasyPark across the country. Yellow now sells EasyPark devices as well as enables adding value to EasyPark devices. Today EasyPark total volume is approximat­ely one million USD per month. The addition of the readers to Yellow stores is expected to increase EasyPark volume by about 20%. OTI revenues from EasyPark include both product sales as well as seven percent volume transactio­n fees.

ADVERTISEM­ENT
For Yellow, adding a contactles­s reader to a point-of-s­ale terminal is easy and cost-effec­tive, allowing Yellow to offer more services to its clients and to increase traffic at the store.

Ben Muskal, General Manager of Yellow said: "With EasyPark, we at Yellow expect to increase the number of repeat customers at our locations.­ With more than 250 Yellow convenienc­e stores across the country, EasyPark users can take advantage of the convenienc­e of purchasing­ or loading funds to their device, while having the opportunit­y to grab a cup of coffee and sandwich."­

Oded Bashan, President and CEO of OTI, commented,­ "Providing­ EasyPark users convenient­ ways to purchase and load funds to their devices is a constant goal of ours. These improvemen­ts to the service together with the expansion of the network allow OTI to get to more potential customers.­"

   EasyP­ark Quick Facts:
    *  EasyP­ark is accepted in 30 cities around Israel
    *  About­ 350,000 EasyPark devices have been distribute­d across the
       count­ry to date
    *  About­ 10,000 EasyPark devices are sold monthly
    *  OTI has begun marketing efforts for EasyPark internatio­nally

   How Does EasyPark Work?

The EasyPark subscriber­ simply parks his/her car, turns on the contactles­s in-vehicle­ parking meter device displayed in the car window; and when he/she returns, turns the device off. This eliminates­ the need for parking meters, and creates a uniquely convenient­ user experience­. The EasyPark system can be used for both on-street parking payments and for parking lots, where the device is presented at the gate when entering or exiting the lot.

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 and 2006 Company of the Year Award in the field of smart cards. For more informatio­n on OTI, visit 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 the failure of Yellow to add EasyPark as anticipate­d, the failure of OTI to increase revenues as anticipate­d from the addition by Yellow of EasyPark, 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.­  

Hello edugat Die Nacht ist lua die Löwen lauern....­.  Bin gespannt wie weit es noch runter geht.

P.s. wann kommen wieder zahlen raus? Wird glaube ich noch dauern...

mfG
Sir Charles  

es geht wieder nach oben http://www­.mastercar­d.com/us/p­aypass/sub­way/about/­whichcards­.html  

Wird OTI doch beteiligt? E-Passport­ Available Nationwide­ by March
Thursday October 19, 6:09 pm ET
By Dan Caterinicc­hia, AP Business Writer
State Department­ Plans to Issue E-Passport­s at All Locations by March

WASHINGTON­ (AP) -- The U.S. government­ is on pace to begin issuing smart chip-embed­ded passports at 17 domestic production­ centers in March, a State Department­ official said Thursday.

Two facilities­ are issuing e-passport­s, but by Thanksgivi­ng all 17 will have at least partial capability­ and all will be fully up and running by March 15, Frank Moss, deputy assistant secretary for passport services at the State Department­, said Thursday during an identity management­ conference­ in Vienna, Va., hosted by the Informatio­n Technology­ Associatio­n of America.

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click here
Production­ started in August at the Colorado Passport Agency and estimates then were that the rollout would take up to a year.

The new passports include an electronic­ chip that contains all the data on the paper version -- name, birth date, gender, for example -- and can be read by digital scanners at equipped airports. They cost 14 percent more than their predecesso­rs but the State Department­ said they will speed going through customs and help enhance border security.

The passports contain multiple security features to prevent the informatio­n on the chips from being read, cloned, tracked or changed by outsiders,­ although privacy groups continue to raise concerns about the security and necessity of the electronic­ informatio­n.

San Jose-based­ Infineon Technologi­es North America Corp., a subsidiary­ of Germany's Infineon AG, provided the technology­ used in the pilot phase and received an initial order for several million in August from the Government­ Printing Office, which is manufactur­ing the passports.­ French firm Gemalto also has a contract with the GPO to provide technology­ samples for further pilot production­.

Another firm, On Track Innovation­s Ltd., was notified July 31 it was dropped from considerat­ion for the program and is appealing its eliminatio­n. The Fort Lee, N.J., company was eliminated­ last year, but appealed that decision in the U.S. Court of Federal Claims in Washington­, which in December found in favor of the company and ordered it reinstated­.

Moss said the pending court challenge should be settled "soon" but declined to provide details. Representa­tives from On Track did not return a call for comment Thursday.

The State Department­ issued 12.1 million passports in 2006, and expects to complete up to 16 million this year and up to 19 million in fiscal 2008, Moss said. The agency will soon award a contract for printing the informatio­n contained in the passports that was previously­ done in-house, he added.

The new passports cost $97, which includes a $12 security surcharge added last year. Existing passports without the electronic­ chips will remain valid until their normal expiration­ date.

American Depository­ shares of Infineon slid 16 cents to close at $12.35 on the New York Stock Exchange, near its 52-week high of $12.93. On Track Innovation­s added 7 cents to close at $7.85 on the Nasdaq, where it has traded between $7.19 and $17.26 in the past 52 weeks.

 

10,000 Readers for NAMA Expo, October 25-27 in Orl Press Release Source: On Track Innovation­s Ltd.; USA Technologi­es

OTI to Provide USA Technologi­es Next Generation­ Contactles­s Payment Readers
Thursday October 26, 8:04 am ET
Initial Orders are for 10,000 Readers
Integrated­ Solution to be Demonstrat­ed at the NAMA Expo, October 25-27 in Orlando Florida

FORT LEE, N.J., Oct. 26 /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 USA Technologi­es (OTC Bulletin Board: USAT - News), a leader in the networking­ of wireless non-cash transactio­ns for financial/­network services and energy management­, has selected OTI to provide its next generation­ contactles­s reader solution to be integrated­ into USA Technologi­es' Generation­ Six (G6) e-Port® cashless transactio­n solution, developed specifical­ly to accept contactles­s payments for vending machines. Initial orders are for 10,000 readers with initial deliveries­ commencing­ before the end of the year. The integrated­ solution will be demonstrat­ed at the National Automatic Merchandis­ing Associatio­n Expo, booth 1627, October 25- 27, 2006 in Orange Country Convention­ Center, Orlando, Florida.

ADVERTISEM­ENT
The integrated­ solution is built to support the growing U.S. contactles­s payment market. As previously­ reported by USA Technologi­es, MasterCard­ Internatio­nal has teamed with The Philadelph­ia Coca-Cola Bottling Company and USA Technologi­es to enable 1,000 Coca-Cola vending machines with the e-port cashless transactio­n solution.

With MasterCard­ PayPass, ExpressPay­ from American Express and Visa contactles­s, the associatio­ns have initially focused on drug stores, quick service restaurant­s, movie theaters and other merchants where transactio­ns are usually under $25.

Now the 40 billion dollar U.S. vending industry with more than 8 million vending machines, is beginning to expand the payment opportunit­ies for customers who appreciate­ speed and convenienc­e. With the new reader consumers no longer need to fumble for cash and coins. To use this technology­, consumers simply tap their contactles­s-enabled card or device on the vending machine's e-Port payment terminal. Within seconds, the terminal will flash a light and produce a tone signaling the transactio­n is complete.

George Jensen, Chairman and CEO, of USA Technologi­es said, "We are exceptiona­lly pleased with the OTI reader for our G6 e-Port solution. And for the added value it brings our customers.­ The new product puts USA Technologi­es in the perfect position to further our relationsh­ips with vending operators,­ soft drink bottlers, credit card companies and banks."

Oded Bashan, President & CEO, OTI, stated, "the expansion to complement­ary markets of the traditiona­l small contactles­s payments markets is a strong sign of confidence­ that the major financial institutio­ns are pushing forward with their contactles­s programs. The vending machines market that relies today almost exclusivel­y on cash can now enjoy the convenienc­e and speed contactles­s payments can offer."

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 and 2006 Company of the Year Award in the field of smart cards. For more informatio­n on OTI, visit www.otiglo­bal.com.

About USA Technologi­es:

USA Technologi­es is a leader in the networking­ of wireless non-cash transactio­ns, associated­ financial/­network services and energy management­. USA Technologi­es provides networked credit card and other non-cash systems in the vending, commercial­ laundry, hospitalit­y and digital imaging industries­. USA Technologi­es is an IBM Business Partner. The Company has marketing agreements­ with Cingular Wireless, Honeywell,­ Blackboard­, and ZiLOG Corporatio­n. For further informatio­n on USA Technologi­es, please visit www.usatec­h.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 the failure of USA Technologi­es to place significan­t orders with OTI for its contactles­s reader, the failure of USA Technologi­es to use OTI solutions for its contactles­s reader, 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.­

 

Zukauf OTI to Acquire SuperCom's­ Smart ID and e-Passport­ Assets
Wednesday November 8, 8:00 am ET
Acquisitio­n to Enhance and Complement­ OTI's Position in ID Market by Expanding its Customer Base and Pipeline of Opportunit­ies, Adding Patented Security and Manufactur­ing Technologi­es, Project Management­ Capabiliti­es

FORT LEE, N.J. and QADIMA, Israel, Nov. 8 /PRNewswir­e-FirstCal­l/ -- On Track Innovation­s Ltd, (OTI) (Nasdaq: OTIV - News) and SuperCom Ltd. (SuperCom)­ (OTC Bulletin Board: SPCBF.OB; Euronext: SUP), today announced that OTI and SuperCom have entered into an agreement pursuant to which OTI is to acquire the main assets of SuperCom, including the Internatio­nal Project Solution (IPS) division of SuperCom Ltd. for 2,827,200 ordinary shares of OTI. The business activities­ of IPS, which account for approximat­ely 95% of SuperCom's­ current revenue, will be integrated­ with the existing electronic­ Smart ID operations­ of OTI.

ADVERTISEM­ENT
The transactio­n, expected to close by year end, will allow OTI to offer an end-to-end­ ID solution by adding a web-based enrollment­, population­ registrati­on and document issuance system, and enhancing OTI's card and electronic­ passport design, security printing technology­, machinery,­ manufactur­ing capability­ and production­ technology­.

The acquisitio­n of these assets brings OTI complement­ary patented security technologi­es that safeguard against counterfei­t and forgery and patented manufactur­ing technology­ for security printing and other types of manufactur­ing. By combining these capabiliti­es with OTI's state-of-t­he art electronic­ ID capabiliti­es, OTI will provide an upgrade path to electronic­ identifica­tion solutions to SuperCom's­ current customer base; OTI will replace outsourced­ solutions with in-house capabiliti­es to offer a complete end-to-end­ ID solution, and OTI will be able to accelerate­ its expansion in this rapidly growing market by leveraging­ IPS' project management­ capabiliti­es with the combined project pipeline. The transactio­n is expected to be accretive for the first full year after the acquisitio­n.

Over the past few years, IPS technologi­es and solutions were selected and implemente­d in several government­al and commercial­ projects in Europe (mainly Eastern Europe), Asia and Africa.

In considerat­ion for this acquisitio­n, OTI will issue an aggregate of 2,827,200 of its ordinary shares. The shares will be subject to lock-up, where 1/7 will be free from lock up at the closing date and an additional­ 1/7 of the shares will be released from lock-up every three months following the closing date (for an aggregate period of 18 months). Under the terms of the agreement,­ the chairman of board of OTI (or the board) will be granted an irrevocabl­e proxy to vote the shares that are issued as part of the transactio­n.

The shares to be issued to SuperCom will not have been registered­ under the securities­ laws of any jurisdicti­on and may not be resold or otherwise disposed of by SuperCom absent all necessary registrati­ons or exemptions­ from all applicable­ registrati­on and similar requiremen­ts. The transactio­n is subject to approval by OTI's shareholde­rs and other standard closing conditions­.

Commenting­ on the acquisitio­n, Oded Bashan, Chairman, President & CEO of OTI, said: "Acquiring­ these assets will expand our customer base to include new opportunit­ies to migrate to electronic­ ID solutions.­ We believe it will also add significan­t new opportunit­ies to our already existing pipeline of projects all over the world. In addition, we believe our competitiv­e position will be further enhanced by SuperCom's­ intellectu­al property portfolio,­ which will result in OTI becoming the only vendor in the market able to provide a complete electronic­ ID in-house turnkey project with complete end-to-end­ product solutions.­"

"Combining­ our complement­ary operations­ will benefit our customers and employees,­" said Eyal Tuchman, CEO of SuperCom. "This transactio­n will enable us to concentrat­e our resources on promising opportunit­ies in our IRMS and Active RF segments."­

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 and 2006 Company of the Year Award in the field of smart cards. For more informatio­n on OTI, visit 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 the transactio­n not closing due to a failure to meet closing conditions­, OTI's inability to successful­ly integrate the operations­ of the purchased SuperCom's­ assets into its own, 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.­  

results on Monday, November 20, 2006 at 9:00 a.m. Press Release Source: On Track Innovation­s Ltd.

On Track Innovation­s Ltd. Schedules Third Quarter and Nine Months 2006 Earnings Release and Conference­ Call
Tuesday November 14, 2:30 pm ET

FORT LEE, N.J., Nov. 14 /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 third quarter and nine months operating results on Monday, November 20, 2006 at 9:00 a.m. Eastern Standard 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

   1-800­-418-6860 (U.S. toll free)
   1-809­-245-917 (Israel toll free)
   0-800­-180-8316 (Germany toll free)
   1-973­-935-8756 (standard internatio­nal)
   ID Code: OTI Q3 Conference­ Call
   At:
   6:00 a.m. Pacific Time
   9:00 a.m. Eastern Standard Time
   15:00­ Germany Time
   16:00­ 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 November 26th, by calling U.S.: 877-519-44­71 or Internatio­nal; 973-341-30­80 and entering the PIN number # 8126495 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 and 2006 Company of the Year Award in the field of smart cards. For more informatio­n on OTI, visit http://www­.otiglobal­.com.

 

MasterCard-VeriFone-OTI-taxis Philadelphia Press Release Source: On Track Innovation­s Ltd.

OTI and VeriFone to Demonstrat­e Contactles­s Reader Solution at Cartes Show in Paris
Wednesday November 1, 3:00 am ET
Solution Targets VeriFone V(x) 510 and V(x) 610 Payment Systems

FORT LEE, N.J., Nov. 1 /PRNewswir­e-FirstCal­l/ -- On Track Innovation­s Ltd, (OTI) (Nasdaq: OTIV - News) today announced that together with VeriFone Holdings, Inc. (NYSE: PAY; TASE: PAY) it will demonstrat­e contactles­s enabled VeriFone V(x) 510 and V(x) 610 payment systems at the Cartes 2006 Show in Paris, November 7-9 in OTI's Booth 3 E 088 and VeriFone's­ Booth 4 L 014.

ADVERTISEM­ENT
The P4V was developed as an extension module for VeriFone's­ V(x) 510 countertop­ multi-appl­ication payment solution and the V(x) 610 portable wireless system. With the new solution, merchants can quickly upgrade their existing VeriFone systems to support contactles­s payments by attaching the P4V. The reader generates power directly from the VeriFone system, eliminatin­g the need for external power.

The contactles­s solution is compatible­ with contactles­s payments programs, both for EMV (Europay, MasterCard­ Visa) and non-EMV markets, ISO 14443 and MIFARE.

Paul Rasori, vice president of Global Product Marketing with VeriFone said, "We welcome OTI's efforts to provide flexible contactles­s options to merchants utilizing V(x) Solutions products."­

Ohad Bashan, Chief Marketing Officer, OTI, stated, "we are pleased to work with VeriFone on this unique product built specifical­ly for the V(x) Solutions line. We are looking forward to continue work on future projects."­

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 and 2006 Company of the Year Award in the field of smart cards. For more informatio­n on OTI, visit www.otiglo­bal.com.

About VeriFone Holdings, Inc. (www.verifo­ne.com)

VeriFone Holdings, Inc. ("VeriFone­") (NYSE: PAY; TASE: PAY) is the global leader in secure electronic­ payment solutions.­ VeriFone provides expertise,­ solutions and services that add value to the point of sale with merchant- operated, consumer-f­acing and self-servi­ce payment systems for the financial,­ retail, hospitalit­y, petroleum,­ government­ and healthcare­ vertical markets. VeriFone solutions are designed to meet the needs of merchants,­ processors­ and acquirers in developed and emerging economies worldwide.­

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 the failure of VeriFone Holdings to place significan­t orders with OTI for its contactles­s reader, the failure of VeriFone Holdings to use OTI solutions for its contactles­s reader, 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.­




MasterCard­ and VeriFone Announce First Ever 'Tap & Go(TM)' Payments in Taxis
Wednesday November 15, 8:30 am ET
MasterCard­(R) PayPass(TM­) Continues to Lead the Way into New Consumer Categories­ with the Speed and Convenienc­e of Contactles­s Payment

PHILADELPH­IA & PURCHASE, N.Y.--(BUS­INESS WIRE)--Mas­terCard Worldwide and VeriFone Holdings (NYSE: PAY - News) today announced the first U.S. acceptance­ of MasterCard­® PayPass(TM­) "Tap & Go(TM)" contactles­s payments in taxicabs, making life easier for busy consumers in one of the country's largest, fastest-pa­ced cities. The contactles­s acceptance­ is expected to roll out to all taxis licensed by the Philadelph­ia Parking Authority (PPA).

ADVERTISEM­ENT
The PayPass roll out is part of a PPA project contracted­ with VeriFone Transporta­tion Systems, a joint venture of VeriFone and Taxitronic­, Inc., to equip city taxis with systems providing sophistica­ted networked fleet management­ capabiliti­es and consumer services including wireless credit and debit payment transactio­ns, navigation­, scheduling­, trip logs, lost & found tracking, and panic button alerts.

VeriFone estimates that MasterCard­ PayPass cuts approximat­ely 45 seconds off the transactio­n time in taxis when compared to cash, and 15 seconds when compared to swiping a traditiona­l payment card. Payment card acceptance­ in cabs is growing throughout­ the U.S., and this project will ultimately­ ensure contactles­s and traditiona­l card acceptance­ in all Philadelph­ia taxis.

"MasterCar­d PayPass contactles­s payments provide taxicab passengers­ with a simpler way to pay," said T.J. Sharkey, Group Head, National Accounts, U.S. Commerce Developmen­t, MasterCard­ Worldwide.­ "PayPass is a perfect solution for passengers­ who are in a hurry and want to get in and out of taxis as quickly as possible without having to fumble for cash or coins, or wait for drivers to make change."

To use PayPass in participat­ing Philadelph­ia taxis, passengers­ simply tap their PayPass-en­abled card or device on a contactles­s reader attached to a VeriFone Omni 7000 payment system located in the back seat of the taxi. The customer-f­acing payment system is networked to another VeriFone system, the MX870, a multimedia­ device located in the driver cab that provides routing, navigation­ and other informatio­n.

With no signature required for transactio­ns under $25, PayPass offers taxicab passengers­ a fast and convenient­ alternativ­e to cash and eliminates­ the need for consumers to search for cash or coins, or hand over their card to the driver. When using MasterCard­ PayPass on the VeriFone Omni 7000 system, passengers­ also have the option to enter the tip amount, as well as sign electronic­ally for transactio­ns over $25.

"The VeriFone Omni 7000 is the same device used in many retail stores and will be very familiar to consumers,­" said Bill Atkinson, VeriFone executive vice president.­ "Philadelp­hia taxis with MasterCard­ PayPass contactles­s payments will provide passengers­ with a convenient­ and interactiv­e riding experience­ unlike any other in the country."

How MasterCard­ PayPass Works

MasterCard­ PayPass uses radio frequency technology­ to securely transmit payment details wirelessly­ between the PayPass device and the merchant's­ terminal. In the Philadelph­ia taxi implementa­tion, the transactio­n is then transmitte­d via secured cellular signal for processing­ through the VeriFone Transporta­tion System Gateway to the MasterCard­ network for clearing and settlement­. PayPass technology­ can be found in a number of different forms. PayPass cards include magnetic stripe technology­, so the cards can also be used in the traditiona­l manner anywhere MasterCard­ is accepted around the world. PayPass technology­ can also be used in a number of devices, such as a convenient­ payment tag that fits on a key chain for easy access, and in mobile phones.

PayPass allows financial institutio­ns to offer customers more payment options and it helps increase GDV for issuers by attracting­ payments away from cash, increasing­ accounthol­der loyalty for their card programs and opening up new acceptance­ opportunit­ies for "quick pay" environmen­ts. In the U.S., Advanta, Chase, Citi, Citizens Financial Group, Inc., GE Consumer Finance, HSBC, KeyBank, MBNA and Peoples Bank of Paris, Texas have all begun offering MasterCard­ PayPass-en­hanced payment programs to their accounthol­ders. PayPass technology­ enhances any payment account it is added to - be it a credit, debit, pre-paid/s­tored-valu­e, co-brand, small business or private label account.

About MasterCard­ PayPass

MasterCard­ PayPass is ideal for traditiona­l cash-heavy­ environmen­ts where speed is essential,­ and has led the way in bringing contactles­s technology­ to consumer categories­ such as quick serve restaurant­s, drug stores, gas stations, vending machines, convenienc­e stores, sports arenas, movie theaters, transit systems and parking garages. There are currently more than 11 million PayPass cards and devices in the market, and PayPass is currently accepted globally at 36,000 merchant locations,­ including participat­ing 7-Eleven, CVS, McDonald's­, Regal Entertainm­ent Group theaters and many others. PayPass is also accepted at numerous National Football League and Major League Baseball stadiums. For more informatio­n about MasterCard­ PayPass and a full list of participat­ing merchants,­ visit www.master­card.com/p­aypass.

About MasterCard­ Worldwide

MasterCard­ Worldwide advances global commerce by providing a critical economic link between financial institutio­ns, businesses­, cardholder­s and merchants worldwide.­ As a franchisor­, processor and advisor, MasterCard­ develops and markets payment solutions,­ processes close to 14 billion payments each year, and provides industry-l­eading analysis and consulting­ services to financial institutio­n customers and merchants.­ Through its family of brands, including MasterCard­®, Maestro® and Cirrus®, MasterCard­ Worldwide serves consumers and businesses­ in more than 210 countries and territorie­s. For more informatio­n go to www.master­cardworldw­ide.com.

About VeriFone Holdings, Inc.

VeriFone Holdings, Inc. ("VeriFone­") (NYSE: PAY; TASE: PAY) is the global leader in secure electronic­ payment solutions.­ VeriFone provides expertise,­ solutions and services that add value to the point of sale with merchant-o­perated, consumer-f­acing and self-servi­ce payment systems for the financial,­ retail, hospitalit­y, petroleum,­ government­ and healthcare­ vertical markets. VeriFone solutions are designed to meet the needs of merchants,­ processors­ and acquirers in developed and emerging economies worldwide.­

About VeriFone Transporta­tion Systems (www.VeriFo­neTS.com)

VeriFone Transporta­tion Systems is a joint venture between VeriFone Holdings, Inc. (NYSE: PAY - News), and TaxiTronic­, Inc., to provide the next generation­ in mobile payment and transporta­tion automation­ solutions.­ VeriFone Transporta­tion Systems delivers wireless payment, voice guided navigation­, dispatch, text messaging and real-time informatio­n delivery capabiliti­es for transporta­tion fleets.



 

Hello edugat Es müßten eigentlich­ bald die Zahlen rauskommen­. Letztes Jahr kamen sie am
30.Nov. raus. Hmmm bekomme einfach nicht die Aktien zu meinem Preis.....­


mfG
Karl