DGAP-News: On Track Innovations Ltd. <IL0010834682> deutsch - 500 Beiträge pro Seite | Diskussion im Forum

[Pressemittl. [wO]]

OTI Ltd.: CHINA BEGINNT MIT AUSGABE DER ELEKTRONISCHEN ID-AUSWEISE

Corporate-News übermittelt durch die DGAP.
Für den Inhalt der Mitteilung ist der Emittent verantwortlich.
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CHINA BEGINNT MIT AUSGABE DER ELEKTRONISCHEN ID-AUSWEISE

Kontaktlose OTI-Technologie im Einsatz

Cupertino, Kalifornien; 5. April 2004 - On Track Innovations Ltd, (OTI; NASDAQ:
OTIV; Prime Standard [Frankfurt]: OT5), weltweiter Anbieter
mikroprozessorbasierter Smart-Card-Lösungen, informierte heute darüber, dass in

China die Ausgabe der elektronischen Personalausweise, die die OTI-Technologie
anwenden, begonnen hat.

Chinas Nachrichtenagentur Xinhua berichtete, "dass im ersten Halbjahr 200.000
Einwohner der Shanghaier Gebiete Jiading und Chongming die neuen Ausweise
erhalten werden. Im nächsten Schritt werden die Karten im Stadtzentrum
ausgegeben, so die Aussage von Zheng Shanhe, Stellvertretender Direktor der
Shanghaier Sicherheitsbehörde. Zheng sagte, dass bis 2008 die Karten landesweit
eingeführt sein werden."

Über OTI
Gegründet im Jahr 1990, entwickelt und vermarktet OTI (NASDAQ: OTIV, Prime
Standard: OT5) sichere kontaktlose mikroprozessorbasierte Smart-Card-Technologie
für die vielfältigen Anforderungen der verschiedenen Märkte. Die von OTI
entwickelten Anwendungen umfassen Lösungen für Tankabrechnungssysteme, den
Bereich Micropayment, das elektronische Ticket, Parken, Kundenbindungsprogramme,
ID und Campus. OTI verfügt über ein weltweites Netzwerk regionaler Büros für
Vertrieb und Service der Produkte. Das Unternehmen ist mit dem renommierten
ESCAT-Award für innovative Smart-Card-Lösungen in den Jahren 1998 und 2000
ausgezeichnet worden. Zu den wichtigsten Kunden gehören: MasterCard
International, Atmel, BP, Scheidt & Bachmann, EDS, Repsol, die Regierung des
Staates Israel sowie ICTS.
Mehr Informationen über OTI unter: http://www.otiglobal.com .

Ende der Mitteilung, (c)DGAP 05.04.2004
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WKN: 924895; ISIN: IL0010834682; Index:
Notiert: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hannover, München und Stuttgart


Autor: import DGAP.DE (© DGAP),08:08 05.04.2004

[DasWunderMitDerMaske]

Heiliger Strohsack!

[o_mar]

Keine Angaben zu Zahlen, bzw. OTI´s Anteil an dem Projekt. Das ist schade, aber vermutlich durch vertragliche Restriktionen bedingt.

[Mr.Perfect]

das ist nicht schade sondern bei OTI normal. so what??

das bringt uns nichts,... aber wir haben ja zeit

[Mr.Perfect]

WKN
924895
Name
OTI ON TRACK
BID
8.38 EUR
ASK
8.48 EUR
Zeit
2004-04-05 08:48:07 Uhr

das kann ja heiter werden

[o_mar]

Wir haben Zeit bis 15.30 Uhr. Dann erklärt uns die Nasdaq, wie wir die Nachricht einzuordnen haben...

[DasWunderMitDerMaske]

o_mar hat`s verstanden :-)))

[Gnutz]

Seltsam, seltsam. Kaufpanik bei OTI obwohl ich meine Shares immer noch habe. Wenn das mal was wird .

Besonders die gehandelten Stückzahlen sind für den Anstieg beeindruckend (hahaha).

Ich glaub auch, dass uns das heute nachmittag die Nasdaq erklärt.

Gnutz

[topp2]

wo keine shares mehr sind, können auch keine mehr gehandelt werden!

mfG topp2

[EcCo65HH]

RESPEKT, RESPEKT ! Die israelischen Cleverles sind doch immer wieder geschickt darin, mit ner Pressemeldung ein paar ihrer eigentlich ziemlich wertlosen Aktien unters Volk zu jubeln.

Was hat sich eigentlich von der heutigen Pressemitteilung zu der vom 02.12.2002 geändert ?

Warum eigentlich wieder ne Larifari-Pressemitteilung anstatt ne ADHOC ? Uuups - ich vergaß, die benutzt man ja nur, wenn irgendwas Einfluß auf den Aktienkurs hätte


Rosh Pina, Israel – 2. Dezember 2002 – OTI (Nasdaq: OTIV/Neuer Markt: OT5) hat heute bekannt gegeben, dass es ... mit ... einem chinesischen Anbieter die Zulieferung seiner kontaktlosen Smart-Card-Technologie für die Einführung des nationalen chinesischen Personalausweises vereinbart hat. Der erste Auftrag für die Entwicklung der neuen Produkte ist eingegangen.

Wie hoch waren nochmal die Einnahmen aus Auftragsarbeiten (Non-recurring engineering) ?
1999 = 405
2000 = .89
2001 = 500
2002 = 952 Das kann China noch nicht gewesen sein - oder doch ?
2003 = 284 Das war alles, was China eingebracht hat ?

Aber vielleicht haben die Chinesen ja schon Licensing and transaction fees in 2003 gezahlt ?
1999 = .86
2000 = .62
2001 = 495
2002 = 651 Das war doch aber vor allem BP - oder ?
2003 = 808 Ist da überhaupt was von China dabei ?

... Im Rahmen der Vereinbarung wird OTI dem chinesischen Anbieter seine patentierte kontaktlose und mikroprozessorbasierte Technologie liefern, und somit die Produktion der kontaktlosen ID-Karte möglich machen.

Die Fertigstellung eines Prototyps wird für das Jahr 2003 erwartet. Der Chip wird den Vorgaben des ISO 14443-Standards für die kontaktlose Abwicklung von Vorgängen vollständig entsprechen....
-----------------------------------------------------------

Da war doch noch was mit Cheung Kong ? UUUPS
... we have granted our e-Smart joint venture with Cheung Kong exclusive rights to distribute our products in Greater China and we granted our joint venture partner veto rights over key business decisions relating to the distribution of our products in that region. In addition, in the event that our products are sold in Greater China by third parties other than through e-Smart, we have agreed to pay to e-Smart 7.5% of the net revenues we receive from such sales. ...

-----------------------------------------------------------
Wie sahen eigentlich die Umsätze in Asien aus ?

1999....2000....2001....2002....2003
.33%.....13%.....10%......3%......1% (Umsatzanteil Far East in %)
1,45....1,70....1,99....0,54....0,20 (Umsatzanteil Far East absolut in Mio. US$)
----------------------------------------------------------

Da war doch noch was ?

... Mass transit. ... e-Smart received the first commercial order for this product for installation in a mass transit system in China. Installation of the system commenced in the first quarter of 2001. In 2001, 2002 and 2003, 9%, less than 2% and less than 1%, respectively, of our revenues were derived from this system.

Also bis jetzt noch KAUM Umsätze aus der Ausweislösung ?
----------------------------------------------------------

@topp2: Mal sehn, wieviele da heute noch geschmissen werden.

[EcCo65HH]

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=000…

... we expect to incur full year losses at least through 2005...

... In 2001, 2002 and 2003, 18%, 22% and 28%, respectively, of our revenues were derived from sales to systems integrators, who incorporate our products into systems which they supply and install for use in a specific project. ...

... we have granted our e-Smart joint venture with Cheung Kong exclusive rights to distribute our products in Greater China and we granted our joint venture partner veto rights over key business decisions relating to the distribution of our products in that region. In addition, in the event that our products are sold in Greater China by third parties other than through e-Smart, we have agreed to pay to e-Smart 7.5% of the net revenues we receive from such sales. ...

... Our European patent covering contactless transmission of power and data between a microprocessor and a reader was revoked as the result of a third party opposing our patent. Currently, this patent is the subject of an appeal proceeding before the European Patent Office. If our appeal is not successful, we will lose our European patent and therefore the right to prevent others in Europe from using the technology covered by the patent. Furthermore, a successful opposition to our patent could provide a basis for our competitors to claim that our patents covering this technology in other jurisdictions are invalid.

... As of March 31, 2004, we have outstanding 5,548,861 ordinary shares, warrants to purchase 951,135 additional ordinary shares at a weighted average exercise price of $5.18 per share and options to purchase 2,934,091 additional ordinary shares at a weighted average exercise price of $45.11 per share.

Das halte ich jetzt mal für nen Druckfehler

We may in the future sell or issue additional ordinary shares. The market price of our ordinary shares could drop as a result of sales of substantial amounts of our ordinary shares in the public market or the perception that such sales may occur. These factors could also make it more difficult to raise additional funds through future offerings of our ordinary shares or other securities.

PayPass: An OTI micropayments solution is supplying key components of the technology behind MasterCard International’s PayPass, a new contactless card payment program that can be utilized at any of MasterCard’s more than 29 million acceptance locations around the world. We commenced sales of micropayments solutions in 1998.

Sales of micropayments accounted for $2.0 million (or 10%) of our revenues in 2003 and $2.3 million (or 13%) of our revenues in 2002.


E-purse (Stored Value Cards). We have developed a product that enables a person to load pre-paid value on a card, which provides float for issuers, while enabling cardholders to pay for small purchases in environments such as phone booths, vending machines and fast food restaurants, without the need for exact change.
As of the date of this annual report, we have not derived revenues from sales of our E-purse product.

Petroleum Systems: ... include our gasoline management system, or GMS, and EasyFuel. Sales of our petroleum systems accounted for $4.6 million (or 23%) of our revenues in 2003 , d.h. ja, daß sie um 2,3 Mio. in Europa gemacht haben ? $2.5 million (or 14%) of our revenues in 2002, $1.2 million (or 6%) of our revenues in 2001 and $1.6 million (or 12%) of our revenues in 2000.

The Israeli government selected our technology and products for use in a system controlling passage between Israel and areas governed by the Palestinian Authority which will be supplied by Electronic Data Systems. Sales of our national documentation product commenced in 2003, and accounted for 1% of our revenues in 2003.
ACH DU SCHEISSE: Das Israel-Grenzprojekt hat in 2003 nur US$ 200,000 eingebracht

Sales of our campus system accounted for $6.4 million (or 33%) of our revenues in 2003 and $6.8 million (or 38%) of our revenues in 2002.

In December 2003, we entered into an agreement with Atmel Corporation for the purpose of collaborating on the development of Mastercard’s PayPass contactless payment program. Atmel was selected by Mastercard to supply the secure contactless microcontroller. Under the agreement, Atmel has partnered with us to provide contactless solution expertise for PayPass, including the operating system, application support and inlay technology. The agreement may be terminated by either party in the event of a breach of the agreement by, or the commencement of a bankruptcy, receivership or liquidation proceeding involving the other party

[Siegerland]

Damals hatten einige noch bezweifelt, dass oti dabei ist.

Infineon sollte das rennen machen, nicht die sogenannte Pommesbude.

http://pressetext.ch/pte.mc?pte=030812023

China: Einführung von digitalen ID-Cards bis 2006
800 Mio. Chinesen sollen von neuen Karten profitieren
Beijing (pte, 12. Aug 2003 14:18) - China plant die Einführung von rund 800 Mio. Identifikationskarten per 2006, so das Wall Street Journal. Herzstück der neuen ID-Cards wird ein Mikrochip sein, der individuelle Daten des Benützers speichern wird. Aufgrund des chinesischen ID-Rechts, das im Juni 2003 beschlossen wurde, werden sich diese individuellen Daten auf den Namen, das Alter und die 18-stellige Staatsbürger-ID-Nummer des Users beschränken. Erste Testversuche sollen 2004 stattfinden und die bisher verwendeten Papierausweise ersetzen.

Der Riesenanteil bei der Produktion wurde vom Ministerium für öffentliche Sicherheit an einheimische Unternehmen vergeben. Darüber hinaus wurden aber auch ausländische Hersteller für die Produktion der Karten beautragt. Darunter befinden sich der Kartenhersteller Schlumberger Ltd. http://www.slb.com, der französische Elektronikkonzern Thales http://www.thalesgroup.com und das israelische IT-Unternehmen On Track Innovations Ltd. http://www.oti.co.il .

Die neuen ID-Cards sind für Fälscher schwer zu manipulieren, da die Chips durch Verschlüsselungsmechanismen geschützt sind. Diese Mechanismen sollen auch Überschneidungen von Chipinformationen verhindern. So versichert das chinesische Ministerium für Arbeit und soziale Sicherheit, dass dem Arbeitgeber lediglich demographischen Daten, wie der Name, das Alter oder die Berufslaufbahn, zur Verfügung stehen werden. Das Ministerium wird hierzu gigantische Datenbanken erstellen um medizinische Daten und andere vertrauliche Informationen des Karteninhabers zu verwalten.

Seit Ende 2002 verfügen bereits rund 20 chinesische Metropolen über ein ähnliches System im Bereich der Sozialdaten. Diese "social-security-cards" beinhalten Informationen über medizinische Daten, soziale Dienstleistungen wie den Erhalt von Beihilfen und die Berufslaufbahn des Benutzers. Seit dem Beginn dieses Projekts besitzen mehr als 10 Mio. Chinesen "social-security cards". (Ende)

[IchbineinHeld]

die heutige meldung ist ja nicht neu, da oti ja an der entwicklung beteiligt war. siehe dazu pressemitteilung 2002. dafür haben sie damals auch etwas geld bekommen. aber oti produiert nicht und erhält auch keine lizenzeinnahmen.
das oti dazu nie ne adhoc gebracht hat zeigt, dass das alles nicht kursrelevant ist. die heute pressemitteilung ist genauso eine farce wie die meldung mit der 200. tankstelle. die leute die heute kaufen sind einfach schlecht informiert.
das 1. quartal wird wieder ein verlustquartal und das mindestens das 2. noch.

[Siegerland]

Hey Held, kannst Du das belegen?????

Keine Lizenzeinnahmen!!

Oder nur Heldenglaskugel??????

[Siegerland]

OTI’s biggest dreams are in the east, in China.

On Track’s winning ways

Where On Track Innovations’ big opportunities lie, the meaning of the increase in the number of its shares, who sent the chip manufacturing shares reeling on Friday, and what Standard & Poor’s thinks about the market’s recent slide.

Shlomi Cohen 23 Mar 04 17:44

Geopolitical problems have disturbed the markets all over the world in the past few days. It began with the deadly Al Qaeda terrorist attack in Spain, followed by the change of government there, accompanied by an unprecedented bonus for terrorism that shocked the US. Spain’s decision to withdraw its forces from Iraq. That will spur Al Qaeda, and put other European countries in fear, which won’t help European economic recovery.
Then came the attempted assassination of the president and vice-president of Taiwan on the eve of elections, upsetting a country on whose chip factories and computer card assembly plants the entire global high tech industry relies. World attention next switched to the Pakistan-Afghanistan border, in the futile hope that a senior Al Qaeda figure would be killed or captured there, followed by tension in Kosovo and more anti-American demonstrations around the world on the anniversary of the war in Iraq. The focus moved to Israel this week with the killing of Sheikh Ahmed Yassin. In addition to all that, oil prices have reached levels not seen since just before the beginning of the war in Iraq, even though oil has just now started flowing from that country in significant quantities.

Who cares about economics these days? Did anybody notice that 3M Company (NYSE: MMM), one of the biggest manufacturers in the US, which is on the Dow Jones Industrial Average, started the profit warning season by raising its first quarter profit forecast from $0.80 to $0.88 per share? Giant General Electric (NYSE: GE), another Dow Jones company, announced that it believed that its first quarter results would be the near the upper limit of its guidance.

The upward revision of guidance by companies last week caused the expected profit growth for companies in the Standard & Poor’s 500 index to rise from 13% last week to 15% this week. Furthermore, as of yesterday morning, not a single important US company had published a profit warning.

The geopolitical problems, and the continuation of the correction that began exactly two months ago, pushed Nasdaq down 2.2% last week, while the Dow Jones Industrial Average fell only 0.5%. The return on these two indices has been minus 3% since the beginning of the year, and Nasdaq has also receded by 10% from its peak of nine weeks ago, having fallen in eight of those weeks.

While Nasdaq was losing 10%, the Merrill Lynch Semiconductor Holders Trust (AMEX: SMH) index, which I have in my portfolio, plunged over 17%, including 3.6% on Friday. Chip equipment manufacturers like Applied Materials (Nasdaq: AMAT) and others lost 5%, after Dr. Morris Chang, chairman and CEO of Taiwan Semiconductor Manufacturing (NYSE: TSM; TSEC: 2330), the world’s largest manufacturer of made-to-order chips, said that China’s large investments in new chip plants could cause overproduction in the industry in 2005. He therefore predicted that his company would buy up to 50% less new equipment in 2005, compared with 2004, when equipment purchases of up to $2 billion are planned. Those with investments in China were also shocked when Semiconductor Manufacturing International (NYSE: SMI) of China, which recently held its Wall Street IPO, finished its first week of trading as a public company 17% below its issue price.

Investors are asking whether this is really just a correction nearing its end, or whether we are entering an extended bear market that will get worse. If only a natural correction in the long-term bull market that began in October 2002 is involved, then the experts believe that the market will begin rising again in April.

Standard & Poor’s has already decided that this is merely a correction. In a bulletin to its investors last week, the company recommended increasing the US share component of portfolios from 50% to 55%, while reducing the proportion of cash from 25% to 20%. Standard & Poor’s also recommends keeping 15% in non-US shares, and 10% in bonds. Standard & Poor’s believes that it is extremely rare for a bull market to end so quickly; the second year of rises is usually the year for major companies, which distribute dividends. The company therefore recommends investing in such shares now. Between January 1 and March 18, 2004, 86 Standard & Poor’s 500 companies raised their dividend rate, compared with only 67 companies in the entire first quarter of 2003. After Americans report their income to the income tax authorities on April 15, analysts expect no less than $250 billion in tax refunds, $50 billion more than in the previous year, due to the Bush administration`s cuts in taxes on dividends and capital gains.

Yesterday OTI (On Track Innovations (Nasdaq: OTIV; XETRA: OT5 ), which I hold in my portfolio, yesterday published its results for the fourth quarter of 2003, a week before the end of the first quarter of 2004, and it looks like the company really is on the right track. It achieved an operating profit in 2003, accompanied by impressive 46% growth compared with 2002, and has boosted its cash reserves to NIS 9.7 million, after being virtually without cash at the beginning of 2003. The increased cash came from capital raising last year at share prices varying from one third to one half of yesterday’s share price at the beginning of trading. OTI rose 10% in trading in Germany yesterday morning, in response to its unexpected operating profit.

OTI is one of those small shares that is likely to do well as a dream share, with a huge potential for impressing gurus such as Tobin Smith, who “revealed” Alvarion (Nasdaq: ALVR; TASE: ALVR) to the US. (Incidentally, Smith again recommended Alvarion yesterday on the Fox News network as a share likely to reach $30 within a year, on the strength of its WiMAX wireless broadband access technology.) OTI operates in two fields that are very hot right now on Wall Street. It could be considered a security share because of its identification technology, a field that has been widely discussed recently, especially in Europe, following the Madrid train massacre. It could also be classed as a radio frequency identification (RFID) share, recently also considered one of the hottest fields.

Wal-Mart Stores (NYSE:WMT) set RFID alight by notifying its suppliers that, from the beginning of next year, it will buy only from suppliers whose products have wireless identification. This identication will enable products to be electronically tracked from the moment they leave the supplier’s warehouse until they reach the retail checkout counter, and will facilitate automatic updating of all relevant data. OTI won a prestigious project from MasterCard for contactless small-scale credit card payments. It also has substantial and increasing revenue from automatic payments at gas stations.

OTI runs smart ID card projects, such as the transit cards now being issued to Palestinians at the Erez check point. Thanks to OTI’s technology, these cards include the latest means of identification and personal particulars currently needed by the security authorities at the border crossings to Israel. Yesterday’s killing of Sheikh Ahmed Yassin will only reinforce the need for smart identification on the borders of both the Gaza Strip and the West Bank. Towards the end of the year, the US government will publish its first tenders, which will force many countries, including the entire European Union, whose citizens currently need visas to enter the US, to include electronic identification technology like that of OTI on their passports. Otherwise, their citizens will not be allowed into the US. OTI will probably serve as a subcontractor for huge companies like Electronic Data Systems (NYSE: EDS) in these tenders.

OTI’s biggest dreams are in the east, in China. In May 2003, “The Wall Street Journal” sent the OTI share skyrocketing when it listed the company as a candidate to grab a share of the Chinese government mega-project to issue every citizen a smart ID card of the type that OTI produces, within a few years. This project is likely to begin in small quantities in late 2004, and later reach unimaginable numbers for a company like OTI, provided, of course, that it wins a share of the tenders. In 2008, China will host the Olympic Games. It is reasonable to assume that it will want to prove that it possesses the world’s most advanced means of identification, and will acquire smart cards for all visiting athletes.

OTI probably expects a significant rise in its share price over the coming year, and has therefore scheduled a special shareholders meeting for the end of April for the purpose of tripling the number of registered shares. Such a measure usually signals a stock split, with a second share issue for raising capital possibly to follow. A stock split is illogical, unless the share price rises above $20. The plan therefore indicates great optimism on OTI’s part regarding its share.

Published by Globes [online] - www.globes.co.il - on March 23, 2004


The above recommendations were made by a person/s working in the investment industry who may hold positions in securities mentioned in the column. This column should not be taken as advice to buy, sell or continue to hold any securities, and anyone acting on the advice of this column does so at his or her own risk.

[IchbineinHeld]

@siegerland

schau dir doch die meldungen an. oti wäre nach den sec-regeln verpflichtet kursrelevante geschäftsvorfälle als solche zu melden (adhoc) und entsprechend zu beschreiben.
das oti den auftrag zur technologiebeihilfe bekam, ist ja schon lange klar. damals gab es dazu auch ne pressemitteilung. der auftrag hatte aber mehr imagewert als zahlenwert. das oti gestern dazu nochmal ne pressemitteilung rausgibt ist reine kurspflege. bashan hält nach den neuesten aktienvermehrungen mehr als 50%.

warum hat den oti diese jahr denn auch mitgeteilt, dass sie im tankstellensystem 175 mio liter rekordabsatz erzeilt haben, obwohl sie das letztes jahr bei einer analystenkonferenz schon einmal gesagt hatten?
was ist mit der meldung über die 200. tankstelle?
und die gestrige meldung war kein auftrag.

stell dir doch mal diese frage: wenn oti lizenzeinnahmen aus china-id erhalten würde, warum haben sie davon noch nix bekommen? denn die karten werden schon ne weile produziert und nun wird lediglich mit der ausgabe begonnen.
auch hat oti keinen servicevertrag etc.

also Vorsicht! fundamental hat sich nix geändert!

[atschi]

[EcCo65HH]

und OTI rechnet womit ?? ... we expect to incur full year losses at least through 2005

[o_mar]

@held
1. Bashan hält nicht mehr als 50%, er hat lediglich entsprechende Stimmrechte.

2. 2002 hat OTI einen ersten Auftrag zur Entwicklung des Prototypen erhalten. Die gestrige PM bezog sich aber auf den nächsten Projektschritt (Ausgabe der ersten 200.000 Karten, Feldtest). Also keine "Kurspflege".

3. Woran erkennst Du, dass OTI
a) keine Lizenzeinnahmen aus dem China-ID-Projekt erhält (Unterstellt man z.B. 10 cent je Karte, so wären dies erst 20.000 USD.) oder
b) keine entsprechenden vertraglichen Regelungen mit xxx getroffen hat?

Das Projekt befindet sich m.E. im entscheidenden Teststadium. Erst beim Rollout wäre eine adhoc fällig.


Keiner (nicht einmal Du) kennt die Absprachen zwischen OTI und xxx. Folglich wäre ich mit gegenteiligen Behauptungen vorsichtig.