oti Introduces New Products for the Global NFC Market

ROSH PINA, ISRAEL--(Marketwired - Oct 6, 2015) - On Track Innovations Ltd. (oti) (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment systems, has introduced a new product lineup with feature enhancements designed to support entry into new markets and industry verticals.

"oti has a rich history of innovation and world-class NFC technologies," said the company's CEO, Shlomi Cohen. "As we accelerate our transition into a sales-driven organization, our new products will support the success of our sales team, particularly as we enter new markets and industry growth verticals, like ATM, kiosk and gaming."

oti's expanded product portfolio addresses a broad range of market opportunities and payment methods:

• otiMetry: Complete system for the unattended vending machine market, including hardware, software and cloud-based services to support the entire business lifecycle management process.
  
  
• SATURN 8700 UNO: Ultra-compact, certified payment NFC reader, including Felica™ and peer-to-peer, specifically designed for installation in unattended, self-serve payment stations, like vending machines, ATMs, gaming and kiosks.
  
  
• otiMate 9500 PCI: Highly-modular, cost-effective, EMV and PCI certified all-in-one cashless reader and vending machine telemeter designed for indoor and outdoor environments.
  
  
• TRIO m-POS: Compact and lightweight portable PIN pad reader that accepts all cashless payment methods, including magnetic stripe, contact and contactless (mobile NFC).
  
  
• PICO BT: Ultra-compact and lightweight portable reader, supporting Bluetooth and BLE communication, making it ideal for mobile point-of-sale applications.
  
  
• oti Pay Capsule: Wearable NFC payment device that leverages oti WAVE's proven technology certified by major card associations (MasterCard and Visa).
  
  

In order to support and accelerate product development of its new products, oti's research and development efforts are focused on forming partnerships with global manufacturers and developers. The company plans to complete the rollout of these new additions to its product line up by 2016.
For more details, a downloadable presentation is available from the company's website here.

"Our new product line builds on an already impressive suite of award-winning solutions that address the entire cashless payment spectrum," noted Cohen. "This expanding product portfolio, along with our strengthened sales team and channel partnerships, positions us to capitalize on the growing global market demand for secure and reliable NFC payment solutions."