On Track Innovations Ltd.: erhält Folgeauftrag
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Tuesday March 15, 4:37 pm ET
FORT LEE, N.J., March 15 /PRNewswire-FirstCall/ -- On Track Innovations Ltd, (OTI) (Nasdaq: OTIV; Prime Standard [Frankfurt]: OT5), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced that approximately 18 million contactless ID smart card chips incorporating the OTI technology were delivered to the China ID Project during the year 2004. According to certain news agencies in China, the aim of the China ID Project is to provide Smart ID cards nationwide by the end of 2008.
Oded Bashan, President & CEO of OTI, noted, "We are proud to take part in one of the largest and most advanced identification project to date. We look forward to leveraging our technological advantage in future projects."
About OTI
Established in 1990, OTI (Nasdaq: OTIV, Prime Standard: OT5) 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, micro 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 prestigious ESCAT Award for smart card innovation in both 1998 and 2000. For more information on OTI, visit http://www.otiglobal.com
This press release contains forward-looking statements. Such statements are subject to certain risks and uncertainties, such as market acceptance of new products and our ability to execute production on orders, which could cause actual results to differ materially from those in the statements included in this press release. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or otherwise. Results could differ materially from expected results. OTI undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
This press release and other releases are available on http://www.otiglobal.com and http://www.portfoliopr.com
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Sarina Scheepers, CITI's Marketing Manager, recently handed the IT Award floating trophy to Harold Kimmel, CEO of Biometrics.co.za, in recognition of the company's success in entering the highly regulated US healthcare market.
The award follows the successful implementation by CareCross Health, a leading primary health care provider in South Africa of the On Track Innovation's (OTI) MediSmart solution which used a Biometrics.co.za's solution. OTI is a US-based company that specialises in contactless microprocessor-based smart card solutions. The solution reduced CareCross' call centre calls by 95%, resulting in a significant saving, both in treatment time and call centre costs.
The OTI MediSmart solution, which forms part of OTI's SmartID product range, provides patient and physician verification, together with information on the patient's medical benefits. Another valuable feature of the system is that cards can be used for more than one purpose. For example, cards that are issued for medical purposes could concurrently be used for Worker's Compensation programmes, secured access control, and time and attendance.
OTI is currently rolling the MediSmart solution into healthcare organisations in the US. One such clinic is Shoals Behavioral Medicine Clinic - a private psychiatric institution based in Georgia, USA - is to start the roll-out at a number of medical institutions in anticipation of proposed USA legislation which will see a market of 54 million children being forced to undergo psychiatric evaluations and tests on a regular basis.
Essentially, Biometrics is the identification and recognition of people using their unique physical characteristics. Fingerprints are the most obvious form of identification, but voices, faces, irises and even hands are unique to each human being and as such can be used to identify or recognize the identity of a person. Like SMS, email and the Internet, biometrics is about to appear all through our daily lives - simplifying, protecting, securing and assisting.
According to Harold Kimmel, "It is a major achievement that two South African companies, Biometrics and OTI Africa's MediSmart division, who developed the MediSmart Solution for the OTI Group, have been able to make inroads into the USA market, given the huge disparity in resources between the two countries. We are very proud of this achievement, facilitated through the USA registered OTI America and J4-MediSmart and hope that it will pave the way for others to follow."
The IT Awards floating trophy will be awarded by CITI on a quarterly basis.
http://www.citi.org.za/Article/1000/1000/3912.html
Midas
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- PR Newswire
FORT LEE, N.J., March 15, 2005 /PRNewswire-FirstCall via COMTEX/ -- On Track Innovations Ltd, (OTI) (OTIV) , a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced that approximately 18 million contactless ID smart card chips incorporating the OTI technology were delivered to the China ID Project during the year 2004. According to certain news agencies in China, the aim of the China ID Project is to provide Smart ID cards nationwide by the end of 2008.
Oded Bashan, President & CEO of OTI, noted, " We are proud to take part in one of the largest and most advanced identification project to date. We look forward to leveraging our technological advantage in future projects."
18mio karten von 650 millionen lol
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OTI Annual Results Review Investor Meeting
Wednesday March 16, 2:37 pm ET
NEW YORK, March 16 /PRNewswire/ -- On Track Innovations Ltd. (OTI) management would like to invite all of our shareholders to an Annual Results Review Meeting following the release of our 2004 operating results:
"LOOKING BACK AT 2004/ LOOKING FORWARD AT 2005 & BEYOND"
A Review of OTI Developments in 2004/ Outlook for 2005 and Beyond.
Presenters/Attending: Oded Bashan, Chairman, President & CEO Guy Shafran, Chief Financial Officer Ohad Bashan, Head of Global Marketing, President & CEO of OTI America
Date & Time: Monday March 28th, 2005 at 11 am.
Location: The Intercontinental Hotel 111 East 48th Street, between Park and Lexington Avenues North Parlor, 2nd Floor New York, NY 10014 212-755-5900
Buffet lunch will be available.
Please RSVP by March 23rd to galit@otiglobal.com or call 201 944 5200 x 111.
For those unable to attend, the Company has scheduled a conference call and simultaneous Web cast. To participate call:
1-800-963-8290 (U.S. toll free)
1-809-457-877 (Israel toll free)
0-800-181-5287 (Germany toll free)
1-973- 409-9260 (Standard international)
ID Code: OTI
At:
8:00 a.m. Pacific Time
11:00 a.m. Eastern Standard Time
18:00 Germany Time
18:00 Israel Time
To listen to the web cast please go to: http://www.otiglobal.com/content.aspx?id=98
For those unable to participate, the teleconference will be available for replay until midnight April 4th, by calling U.S: 877-519-4471 or International; 973-341-3080 and entering the PIN number # 5848498, or on the web at: http://www.otiglobal.com/content.aspx?id=98
About OTI
Established in 1990, OTI (Nasdaq: OTIV, Prime Standard: OT5) 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, micropayments, 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 prestigious ESCAT Award for smart card innovation in both 1998 and 2000. For more information on OTI, visit http://www.otiglobal.com.
Media Contact: Paul Holm 212-736-9224
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Press Release Source: Hypercom Corporation
Provenco Plans to Order Over Next 2 Years Hypercom Card Payment Terminals Valued at US$6 Million+ for New Zealand Market
Thursday March 17, 8:30 am ET
- Hypercom Technology and Provenco Lead EMV Roll-Out
LAS VEGAS, 2005 ETA Annual Meeting and Expo, March 17 /PRNewswire-FirstCall/ -- Global electronic payment technology leader Hypercom Corporation (NYSE: HYC - News) today announced that its New Zealand distributor, Provenco Group Limited has indicated its intention to purchase thousands of EMV compliant card payment devices for more than US$6.7 million over the next 2 years. Provenco intends to roll out the fast and easy-use Hypercom technology to merchants nationwide.
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The agreement reinforces both companies' market leadership in New Zealand and celebrates a 20-year relationship. From the beginning, both companies have been committed to the goal of delivering the fastest, most secure, easiest-to-use and cost effective payment technology to the country's merchants.
"Hypercom's EMV transaction technology will enable us to provide our customers with fast, secure transactions, lower cost of ownership and much more. That's critically important with the fast-approaching EMV mandates. It is a win-win for New Zealand's financial institutions and merchants, and it heralds our joint 20-year achievement of continually bringing to market the fastest and most intelligently-integrated payment solutions," said John Tait, CEO, Provenco Payments Limited.
"Financial institutions worldwide want the fastest, most secure and cost-effective EMV card transaction technology for their merchants, and that is exactly what Provenco and Hypercom are delivering," said Guilherme Blumenthal, Executive Vice President, Sales and Operations, Hypercom Corporation. "Our customers tell us that our innovative and intelligently integrated solutions are the very best on the market. And that is, quite simply, because we and Provenco are focused completely on our customers, their needs, and their customers' needs. Every solution that we develop helps our customers increase their revenues. This order from Provenco underscores that fact, and endorses our 20-year history of together providing technology excellence, innovation and industry leadership."
Hypercom and Provenco = Speed, Security and Customer Satisfaction
"With Provenco, we are providing the market with innovative, EMV-compliant fast, secure and easy-use card payment terminals, technology and value-added services that speed the check-out line and boost the profit line," said Warren Scheuber, general manager, Hypercom Australia Pty Ltd. "Speed, security and customer satisfaction. That's what it's all about."
About Provenco Group Limited (www.provenco.com)
Provenco is a publicly listed company listed on The New Zealand Exchange Limited.
Provenco Group Limited has developed a market-leading position in its home market of New Zealand while expanding into key niche markets internationally.
At the heart of Provenco's business is its focus on retail transaction technology, from a customer using an EFTPOS machine at a corner store in New Zealand to a motorist at a petrol pump in Asia. Using a combination of Provenco's internally developed software and hardware and best-of-breed international products, the group provides tailored solutions to a wide range of retail environments.
About Hypercom (www.hypercom.com)
Observing 26 years of technology excellence, innovation and leadership, Hypercom Corporation is a leading global provider of electronic payment solutions that add value at the point-of-transaction for consumers, merchants and acquirers, and yield increased profitability for its customers.
Widely recognized as the global payment technology innovator, Hypercom delivers complete card payment terminal, network access device, server and transaction networking solutions that help merchants and financial institutions generate revenues and increase profits.
Headquartered in Phoenix, Arizona, Hypercom's card payment terminal, network and server solutions are leading the transformation of electronic payments in more than 100 countries.
Hypercom is a registered trademark of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.
This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding market acceptance of new products, product performance, product sales, revenues and profits. These forward-looking statements are based on management's current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward-looking statements include, industry, competitive and technological changes; the loss of, and failure to replace any significant customers; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and services; the performance of suppliers and subcontractors; risks associated with international operations and foreign currency fluctuations; the state of the U.S. and global economies in general and other risks detailed in our filings with the Securities and Exchange Commission, including the Company's most recent 10-K and subsequent 10-Qs. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. HYCP
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A tender for the final development of the technology infrastructure will be published next month.
Zvi Singer - "Yediot Ahronot" 24 Mar 05 14:41
Hebrew daily ?Yediot Ahronot? reports that the ministerial state comptroller committee, headed by Minister without portfolio Haim Ramon, has decided to develop biometric identity cards and passports that use physical characteristics, such as finger or palm prints, to identify individuals. A tender for the final development of the technology infrastructure will be published next month.
The biometric passport will free travelers from the need for a signature and identifying themselves with an electronic chip. A team headed by Prime Minister's Office general supervisor Uzi Berlinski, an international expert in surveillance, data security, and biometric systems, has been appointed to develop the documents.
International companies will be allowed to participate in the tender, on condition that they are represented by an Israeli entity. The biometric documents will be equipped with a miniature processor that will include biometric data of the bearer of the document. A national database of biometric data will also be set up, to make it completely impossible to forge identity cards and passports.
Berlinski said, "Today, each person exactly equals the plastic card in his pocket. In the near future, the document will be the person himself."
Published by Globes [online], Israel business news - www.globes.co.il - on March 24, 2005
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OTI Reports Record FY 2004 Fourth Quarter and Year End Financial Results
Monday March 28, 8:00 am ET
- FY 2004 Record Revenues Climb 18% to $23.2MFourth Quarter Record Revenues Climb 35% to $7.8M Compared to the Same Period Last YearOperating Cash Flow About Breakeven ($330,000)Growth Related to Initial Orders Delivered in the Commercial Implementation in the China ID and MasterCard PayPass Projects
FORT LEE, N.J., March 28 /PRNewswire-FirstCall/ -- On Track Innovations Ltd. (OTI) (Nasdaq: OTIV - News; Prime Standard (Frankfurt): OT5), 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 fourth quarter and fiscal year ended December 31, 2004.
Business developments in 2004 include:
-- First commercial orders in support of MasterCard PayPass(TM) rollout
have been delivered.
-- Initial commercial quantities of our contactless readers have been
delivered to Hypercom Corporation to support contactless payment
programs such as MasterCard PayPass(TM).
-- Approximately 18 million chips incorporating OTI's technology delivered
in 2004 to the China ID Project.
-- OTI America Inc., OTI's U.S. subsidiary, has been granted a contract
for the U.S. e-passport program. The contract is for the testing stage.
One or more vendor(s) are expected to be selected for the production
stage.
-- Sasol Oil, the largest oil company in South Africa, is in the process
of implementing our petroleum payment solution.
-- Revenues for the year ended December 31, 2004 increased by 18% to $23.2
million from $19.6 million for the same period of last year. Revenues
for the fourth quarter were up 35% to $7.8 million from $5.8 million in
the same period last year.
-- Licensing and transaction fees for the year ended December 31, 2004
were up 177% to $2.2 million from $808,000 for the same time last year.
-- Gross Profit for the year ended December 31, 2004 was $10.4 million up
from $10.1 million in 2003.
-- The operating loss for FY 2004 increased by 281% to $8.8 million from
$2.3 million in the same period in 2003, mainly due to $3.2 million one
time expenses related to raising of capital and restructuring and $1.6
million increase in marketing expenses related mainly to marketing
efforts.
-- Operational Cash Flow was about breakeven, with $330,000 of cash used
in operating activities.
-- OTI raised $15.1 million in private placement financing which
strengthened our balance sheet and enabled us to support any size of
project as a prime contractor.
-- OTI acquired ASEC S.A. of Poland to enable OTI to provide end-to-end
solutions for the Emerging European markets.
-- OTI sold one of our German subsidiaries, InterCard KartenSysteme GmbH.
Oded Bashan, President and CEO of OTI commented: "the coming years present a window of opportunities for OTI to become a leading player in the ID and payments markets. To succeed in capturing the leading position in these markets we raised capital, we invest more in management resources, and expenses related to Marketing & Sales, Research & Development and General & Administrative. In addition OTI signed strategic alliances and aligned our corporate structure with our strategy.
"OTI is making progress with its business model with more projects reaching commercial deployment, generating more transaction and license fees revenues, such as with the programs of BP, China ID and EasyPark. Transaction and license fees revenues increased 177% to 10% from 4% in 2003. However, the financial model is not fully reflected in our gross profit due to first stage of implementations of additional projects in the payments and ID markets that are characterized by high customization cost and infrastructure.
"Financially, OTI had a record breaking quarter and year. Revenues have never been higher, generating $7.8 million with more revenues from our core businesses of payments, petroleum and ID. OTI is reaching operational breakeven from a cash perspective, and combined with the raise of capital the Company had $28.5 million in cash, cash equivalents and short term investments at the end of the year.
"Our operating loss of $8.8 million for the year was mainly due to expenses related to the raising of capital and restructuring that resulted in $3.2 million as explained in our Operating and Financial Review and as shown in our P&L. The restructuring of our marketing support strategy has also added expenses and affected our results. For example, Marketing and Sales expenses for the year rose by 47% to $6.0 million from $4.1 million. As mentioned, we believe these activities will better position the company and contribute to a better stream of revenues in the future."
Financial Results
Revenues for the year ended December 31, 2004 increased to $23.2 million from $19.6 million for the same period of last year. Revenues for the fourth quarter were up $7.8 million from $5.8 million in the same period last year. The increase was due to the growing implementation of contactless programs around the world. Gross Profit for the year ended December 31, 2004 was $10.4 million up from $10.1 million for the same period last year. The operating loss for FY 2004 increased by 281% to $8.8 million from $2.3 million in the same period in 2003, mainly due to $3.2 million one time expenses related to raising of capital and the exchange of subsidiary's employees equity interest in equity interest of the Company, $1.6 million increase in marketing expenses related mainly to marketing efforts and due to the reduction of $459,000 in the participation of the Office of Chief Scientist. Net loss increased to $9.3 million, from $3.6 million for the same period in 2003. The increase is mainly due to the increase in the operating loss.
During 2004, $15.1 million were raised resulting in total balance of cash and cash equivalents and short term investments of $28.5 million at December 31, 2004.
The Company has scheduled an annual results review investors meeting with conference call and simultaneous Web cast for Monday, March 28, 2005, which will be hosted by Oded Bashan, President and CEO, Guy Shafran, CFO, and Ohad Bashan, Head of Global Marketing and President OTI America, for 11:00 AM EST to discuss operating results and future outlook. The meeting will be held at the Intercontinental Hotel, 111 East 48th Street, New York, NY. To participate in the conference call please dial: 1-800-963-8290 (U.S. toll free), 1-809-457-877 (Israel toll free), 0-800-181-5287 (Germany toll free), or 1-973-409-9260 (standard international) ID Code: OTI. To listen to the web cast please go to: http://www.otiglobal.com/content.aspx?id=98
For those unable to participate, the teleconference will be available for replay until midnight April 4th by calling U.S.: 877-519-4471 or International: 973-341-3080 and entering the PIN number # 5848498.
About OTI
Established in 1990, OTI (Nasdaq: OTIV - News; Prime Standard: OT5) 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, micropayments, 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 prestigious ESCAT Award for smart card innovation in both 1998 and 2000. For more information on OTI, visit http://www.otiglobal.com.
This press release contains forward-looking statements. These statements can be identified by their use of the words "will", "anticipates" and "expects" and other similar expressions, as well as by such phrases as "starting to see" and "we believe". Each of these statements is subject to certain risks and uncertainties, such as market acceptance of new products and our ability to execute production on orders, which could cause actual results to differ materially from those in the statements included in this press release. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or otherwise. results could differ materially from expected results.
This press release and other releases are available on http://www.otiglobal.com and http://www.portfoliopr.com
OTI Contact: Media Relations IR Contact:
Galit Mendelson Adam Handelsman Paul Holm
Director of Corporate 5W Public Relations PortfolioPR
Communication, OTI 212 999 5585 212 736 9224
201 944 5200 ext. 111 ahandelsman@5wpr.com pholm@portfoliopr.com
galit@otiglobal.com
ON TRACK INNOVATIONS LTD.
CONSOLIDATED BALANCE SHEETS
US dollars in thousands, except per share data
On Track Innovations Ltd.
and its subsidiaries
December 31
2003 2004
Assets
Current assets
Cash and cash equivalents $9,712 $23,917
Short-term investments 999 4,559
Trade receivables (net of allowance for doubtful
accounts of $ 282 and $ 329 as of December 31,
2003 and 2004, respectively) 3,223 3,477
Other receivables and prepaid expenses 881 2,705
Inventories 4,069 4,765
Total current assets 18,884 39,423
Severance pay deposits fund 906 595
Long-term receivables -- 1,077
Property, plant and equipment, net 5,770 5,324
Other intangible assets, net 325 1,438
Goodwill 5,383 4,146
Total assets $31,268 $52,003
Liabilities and Shareholders' Equity
Current Liabilities
Short-term bank credit and current maturities
of long-term bank loans $1,751 $1,641
Trade payables 3,339 4,305
Other current liabilities 2,624 3,824
Total current liabilities 7,714 9,770
Long-Term Liabilities
Long-term loans, net of current maturities 3,121 2,018
Accrued severance pay 1,130 1,361
Deferred tax liabilities -- 162
Total long-term liabilities 4,251 3,541
Total liabilities 11,965 13,311
Commitments and Contingencies
Shareholders' Equity
Ordinary shares of NIS 0.1 par value: Authorized -
10,000,000 and 30,000,000 shares as
of December 31, 2003 and 2004, respectively;
issued and outstanding - 4,778,715 and
8,422,175 shares as of December 31, 2003 and 2004,
respectively 119 199
Additional paid-in capital 59,965 90,779
Deferred stock compensation (1,257) (3,553)
Accumulated other comprehensive income 287 353
Accumulated deficit (39,811) (49,086)
Total shareholder's equity 19,303 38,692
Total liabilities and shareholders' equity $31,268 $52,003
ON TRACK INNOVATIONS LTD.
CONSOLIDATED BALANCE SHEETS
US dollars in thousands, except per share data
On Track Innovations Ltd. and its subsidiaries
Three Months Ended Year Ended
December 31 December 31
2003 2004 2003 2004
Revenues
Products $4,828 $6,213 $17,245 $19,120
Non-recurring engineering 16 70 284 433
Licensing and transaction
fees 196 1,168 808 2,237
Customer service and
technical support 738 323 1,258 1,362
Total revenues 5,778 7,774 19,595 23,152
Cost of Revenues
Products 2,057 3,739 8,678 11,853
Non-recurring engineering 5 5 109 183
Customer service and
technical 397 193 691 763
support
Total cost of revenues 2,459 3,937 9,478 12,799
Gross profit 3,319 3,837 10,117 10,353
Operating Expenses
Research and development 719 995 3,159 3,544
Less - participation by
the Office of the Chief
Scientist 335 11 853 394
Research and development,
net 384 984 2,306 3,150
Selling and marketing 1,127 1,779 4,092 6,010
General and administrative 1,446 1,901 5,853 6,549
Amortization of intangible
assets 47 120 188 261
Expenses relating to
raising of capital
and exchange of subsidiary's
employees equity interest
in equity interest of the
Company -- 1,112 -- 3,227
Total operating expenses 3,004 5,896 12,439 19,197
Operating gain (loss) 315 (2,059) (2,322) (8,844)
Financial income
(expenses), net (212) (113) (897) (287)
Other income (expenses),
net 96 5 (244) 29
Loss before taxes on
income 199 (2,167) (3,463) (9,102)
Taxes on income (97) (2) (104) (173)
102 (2,169) (3,567) (9,275)
Minority interest -- -- -- --
Net loss $102 $(2,169) $(3,567) $(9,275)
Basic and diluted net loss $0.04 $(0.26) $(1.52) $(1.33)
per ordinary share
Weighted average number of
ordinary shares used in
computing basic and
diluted net loss per
ordinary share 2,496,138 8,098,294 2,354,254 6,972,878
Source: On Track Innovations Ltd.
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EL DORADO HILLS, Calif.--(BUSINESS WIRE)--April 4, 2005--On Track Innovations (Nasdaq:OTIV) announced that Ohad Bashan, President of OTI America, is scheduled to present at the Dutton Associates Small-Cap Conference at the Four Seasons Hotel located in downtown San Francisco, California on Tuesday, April 5, 2005. On Track Innovations is scheduled to present three times, at 11:32, 3:00 and 5:00 PST at the conference. The morning presentation will be broadcast, with a link for use either at www.jmdutton.com or on the company's website.
Dutton Associates' 2005 Small-Cap Conference, "Recognizing Opportunity," will offer a unique opportunity for investment professionals to meet with top companies covered by Dutton Associates and the firm's research analysts. The one-day conference will feature morning presentations by senior executives of 18 public companies and afternoon breakout sessions with the individual companies. Michael Mayhew of Integrity Research Associates will deliver the luncheon keynote address, "The Future of Wall Street Research." Conference attendees may also learn more at the Industry Sectors Panel discussion, scheduled immediately after lunch.
Professional investors wishing to attend the conference should go to the registration link at www.jmdutton.com.
Established in 1990, OTI designs, develops and markets secure contactless microprocessor-based smart card technology solutions. The Company's target markets include micro payments, mass transit ticketing, parking, petroleum payment systems, loyalty programs, ID and secure campuses. OTI has a global network of regional offices to market and support its products. Major clients include MasterCard, British Petroleum (BP), EDS, Sasol, China, First Data Resources, Repsol and the Government of Israel. On January 12, 2005, the Company was awarded participation in the development stage of the U.S. ePassport program by the U.S. State Department, along with four other companies.
CONTACT: Dutton Associates
John M. Dutton, 916-941-8119
SOURCE: On Track Innovations
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rafael@jmdutton.com
On Track Innovations Ltd.
http://www.jmdutton.com/research/OTIV/Reports/OTIV_Report_040705.pdf
ist recht interessant
Gruß edugat
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04.04.2005 - 09:33
TecAllShare: OTI - Wichtige Hürde in Reichweite
OTI On Track Innovations
WKN: 924895 ISIN: IL0010834682
Intradaykurs: 10,80 Euro
Kurz-Kommentierung: Die OTI Aktie hatte nach dem Hoch bei 12,25 Euro aus dem Januar 04 eine deutliche Korrekturbewegung durchgeführt. Diese fand erst bei 5,25 eine Boden. Anschließend bildete die Aktie einen Doppelboden aus und vollendete diesen auch durch einen Tagesschlusskurs über der Nackenlinie bei 7,60 Euro. Im März dieses Jahres erreichte die Aktie das rechnerische Ziel bei 11,00 Euro. Damit überwand die Aktie den Abwärtstrend seit Januar 04. Oberhalb dieses Trends konsolidiert die Aktie in den letzten Wochen. Mit dem Ausbruch über diesen Trend hat sich die Aktie weiteres Aufwärtspotential bis 12,25 Euro verschafft. Weitergehende bullische Optionen erschließt sich die Aktie erst, wenn sie signifikant über 12,25 Euro ausbricht. In diesem Falle wären dann Kursgewinne bis ca. 16,70 Euro nicht unrealistisch.
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Es wird sich aber mit der Zeit bestimmt noch herum sprechen.
Nun auch mit VISA , ist noch mehr Phantasie in die Aktie gekommen , natürlich
langfristig gesehen.
Viele Grüße
Sacha
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Tuesday April 19, 2:00 am ET
- Expansion Planned to all Passages Between Israel and Palestinian Authority
FORT LEE, N.J., April 19 /PRNewswire-FirstCall/ -- On Track Innovations Ltd, (OTI) (Nasdaq: OTIV; Prime Standard [Frankfurt]: OT5), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced that the Basel Project, a border crossing system that includes contactless smart cards and biometrics for identifying Palestinians who wish to enter Israel, is being extended to more access points.
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The Basel Project contract for the Erez border crossing at the Gaza Strip was awarded in September 1999 to a consortium including OTI who furnishes the front end solution based on its SmartID product, including ISO 14443 compliant cards, readers and related software. The Basel Project is currently the only operational project to use a contactless smart card with biometrics and PKI infrastructure. OTI's SmartID solution incorporates the highest levels of security and provides solutions for national identification card programs, e-passports, border crossing and registered traveler programs.
Oded Bashan, President and CEO of OTI, stated, " The extension of the Basel Project is a testimony to the reliability, security and efficiency of our SmartID product. OTI's SmartID solution meets the most stringent demands and has proven itself in some of the most secured environments. The solution and the experience gained in the Basel project can be utilized for other ID applications such as Electronic passports and national ID programs."
The biometric-based contactless smart identification system monitors the entrance and exit of Palestinians while assuring a completely secure, exceptionally fast border crossing. The project is the most advanced exit/entry border control system in the world to use encryption, contactless smart card technology and both hand (hand geometry and fingerprints) and facial biometrics as the primary methods of identification. The new gates are currently under construction in different areas and the first cards have already been issued.
Those wishing to cross into Israel will request from the Civil Administration a contactless smart card that will be programmed with hand and facial biometrics and include recent photos and personal information programmed on a contactless chip embedded in the card. In order to cross the gates, which is expected to take no more than nine seconds, Palestinians will be required to place the card on a contactless reader and place their hand on a biometric sensor for identification. Once the identity has been confirmed, an automatic gate will open allowing the person to cross into Israel. If there is a problem with identification, the person is directed to another gate for additional security checks.
About OTI
Established in 1990, OTI (Nasdaq: OTIV, Prime Standard: OT5) 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, micro 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 prestigious ESCAT Award for smart card innovation in both 1998 and 2000. For more information on OTI, visit http://www.otiglobal.com .
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China is developing new passports that will carry contactless smart card chips, keeping up with other nations that are introducing electronic passports, a Ministry of Public Security official said this week. He said the government decided late last year to go ahead with the electronic passport projects and expects to be able to complete testing and begin issuing the new documents by 2006, said Yan Ming, the director of the First Research Institute at the Ministry of Public Security. That department is also responsible for the new national ID card that the government is rolling out in the form of a contactless chip card, and Yan said lessons from that ID card project will be helpful in rolling out the electronic passports. Speaking of contactless cards, he said, ?We believe the technology is all ready and grown up.?
While the government did not approve the collection of fingerprint biometrics for the national ID card, Yan said such identifying data may be included on the electronic passports. He said the national legislature would have to approve such a biometric program. In China, some consider it an invasion of their privacy to be required to provide their fingerprints. Yan made the remarks in a presentation to the Smart Cards and Labels conference taking place this week in Beijing.
In an interview with Card Technology, Yan noted that China is not among the 27 nations in the U.S. Visa Waiver program that are being required by the U.S. government to introduce electronic passports. However, he said the aim is to ensure Chinese citizens feel comfortable when they travel abroad. He said China would study the U.S. requirements from a technology perspective, but would not necessarily adopt them.
The demand for passports in China is growing as more Chinese travel abroad. Nearly 29 million Chinese traveled outside the country in 2004, nearly a three-fold increase from just over 10 million in 2000, according to the China National Tourism Administration.
(2005-04-21)
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Representing an industry first, OTI has developed a reader for MasterCard PayPass that allows customers to pay for admission tickets, as well as their snacks at the concession stands, by simply placing their MasterCard PayPass enabled payment cards in front of a glass window. The unique OTI SMART Antenna allows the card readers to function smoothly through the glass so that the payment card never has to leave the customer's hand. This solution is currently installed at the Loews Universal Cineplex in Orlando, one of the country's largest movie theater multiplexes.
OTI's technology is an integral part of MasterCard's PayPass program, with different applications using varying components and services. Numerous leading financial institutions employ OTI's contactless smart card manufacturing technology and personalization software, while merchants utilize reader solutions and related software. For example, OTI provided a turnkey PayPass drive-thru solution for one local Orlando retailer.
Ohad Bashan, President and CEO of OTI America stated, "OTI is proud to be working with Loews Cineplex as a part of the MasterCard PayPass trial. As every moviegoer knows, the most frustrating aspect of going to the movies is waiting on the ticket and concession lines. You want to get your seats quickly and purchase refreshments before the movie starts. Our reader solution provides Loews with an innovative point-of-sale device that speeds up these transactions with a minimum investment in upgrading the existing POS terminal. Our technology allows Loews' staff to focus on great customer service without sacrificing crucial counter space."
About MasterCard PayPassTM:
MasterCard PayPassTM is a new "contactless" payment program that provides consumers with a simpler way to pay. Using MasterCard PayPass, consumers tap their payment card on, or wave them in front of, a specially equipped merchant terminal, eliminating the need to swipe the card through a reader. The new solution is ideal for quick payment environments where speed is essential, such as quick serve and casual restaurants, gas stations, drug stores, supermarkets and movie theaters. MasterCard PayPass is currently being trialed with three of MasterCard's key member financial institutions in a pilot that involves more than 15,000 cardholders and approximately 40 merchant locations in Orlando, Florida. For additional information, please visit www.paypass.com.
About OTI:
Established in 1990, OTI (Nasdaq: OTIV, Prime Standard: OT5) 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 micropayments, mass transit, parking, petroleum payment systems, loyalty programs, ID and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the prestigious ESCAT Award for smart card innovation in both 1998 and 2000. OTI has numerous successful installations of its products around the world, including access security for Amsterdam's Schipol Airport, and the technology for the Chinese National ID card. Other major clients include: BP, EDS, First Data Resources, Xerox, Repsol, the Government of Israel and ICTS. For more information on OTI, visit our website at www.otiglobal.com
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This press release contains forward-looking statements within the meaning of the United States Securities laws. Such statements are subject to certain risks and uncertainties, such as market acceptance of new products and our ability to execute production on orders, which could cause actual results to differ materially from those in the statements included in this press release. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or otherwise.
