On Track Innovations Ltd.: erhält Folgeauftrag
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interessant
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China?s new national identification card is rolling out in significant numbers, creating demand for terminals that can read the contactless smart card IDs. To date, China has issued 8 million of the new ID cards containing contactless smart card chips, Yan Ming, the director of The First Research Institute of the Ministry of Public Security, tells Card Technology, The government plans to replace 1.14 billion older plastic ID cards that it has been issuing since 1985, and some analysts believe there will ultimately be 1 billion contactless chip cards issued in this project. Each card is estimated to cost the government 20 yuan (US$2.42).
These new cards create demands for readers capable of capturing data from and sending data to the chips that communicate via radio frequency. For instance, there are about 30,000 police stations in China that will need readers, says Guo Xing, director of the ID card management department of the Ministry of Public Security. Readers will also be required for other applications, such as identifying a consumer opening a bank account or a traveler boarding an airplane. Some readers will be able to read data only, some to write data only and a third type just to change personal information, such as when a citizen changes address. For security reasons, each type of terminal will only have one function, Guo says.
Some observers estimate the market for card readers for the ID program could reach 10 billion yuan (US$1.2 billion). Last year, 170 companies applied to supply such readers and the government granted approvals to 10 of them. Xun Xiaoli, vice manager of marketing of China Vision, one of the approved vendors, notes that each provincial city will negotiate its own reader contracts. Therefore, he says his company has established a network of more than 20 distributors to market readers for use at police stations.
(2005-04-25)
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Die Pässe in den USA sind nur verschoben, wegen Einwände zur Intim-
sphäre (Daten)die evtl. aus der Nähe abgehört werden können.
Oti hat in Israel ein erprobtes und funktionierendes System an der Grenze stehen. Die USA kann es sich nich leisten ein nicht erprobtes System zu installieren. Auch wenn es keinen Auftrag von den Pässen gibt, wird das Geld bald sprudeln.
Der USA- Handel war bis auf 10$ zurückgegangen und wieder auf 11,75 $ gestiegen. Wäre gut gewesen bei unteren Kursen zugelagt zu haben.
Gruß edugat
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FORT LEE, N.J., May 4 /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, will be presenting at Kaufman Bros., L.P. Fifth Annual Software Investor Conference to be held at The InterContinental The Barclay New York Hotel located at 111 East 48th Street between Park and Lexington Avenues, New York, NY 10014, 212-755-5900.
The Conference is being held on Tuesday, May 10, 2005 and Mr. Ohad Bashan, Head of Global Marketing and Strategic Development for OTI, will present from 2:20pm to 2:50pm, which includes time for questions and answers. Kaufman Bros. will also arrange one-on-one meetings with OTI.
On Track Innovations Ltd. (OTI) is a leading contactless smart card solution provider. Applications developed by OTI include product solutions for:
* SmartID -- Homeland security solutions- national ID cards, e-passports
and medical cards.
* Payments -- Cashless solution for small ticket items.
* EasyFuel -- Fuel management and petroleum solution.
This will be an excellent opportunity to meet with Mr. Ohad Bashan and receive an update on OTI's technology.
For further information on Kaufman Bros., L.P. Fifth Annual Software Investor Conference, please contact Ms. Barbara Bradley at Kaufman Bros. at (212) 292-8129 or e-mail: bbradley@kbro.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 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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Thursday May 5, 8:58 am ET
NEW YORK and RA'ANANA, Israel, May 5 /PRNewswire-FirstCall/ -- SuperCom, Ltd. (OTCBB: SPCBF.OB; Euronext: SUP), a leading provider of smart card and electronic identification (e-ID) solutions, today announced that the U.S. Government Printing Office (GPO) issued a Notice of Termination for Convenience involving the Company's participation in the three-phase testing of technology for a new electronic passport. While an earlier termination notice was withdrawn after discussions with the U.S. Government, the Company's attempts to persuade the Government to withdraw the current termination notice have been unsuccessful to date. The notice terminates SuperCom's contract awards for the Electronic Passport Program.
In October 2004, SuperCom was an original awardee under this unclassified program based on the merits of its technical and cost proposal. It has since received orders from GPO for testing its computer chip-inlay technology solution. While the termination notice does not specify the reason for its issuance, the Company understands from its discussions with the Government that it is based on unresolved security concerns and not related to the Company's technological solution or its cost proposal.
Avi Schechter, SuperCom's CEO, stated: " We respectfully disagree with the reasoning behind this latest notice. We are, therefore, reviewing all options, including the possibility of seeking further discussions with the Government, if warranted, based on the development of additional information being gathered by an internationally recognized firm specializing in security reviews. Our aim is to reverse the termination notice, so as to enable the Company to resume its participation in the Electronic Passport Program based on its previous selection and technical approvals."
In connection with the termination notice, the Company observed that the Electronic Passport Program consists of a number of distinct phases including testing, further evaluation, and ultimately the award of production orders if selected. There is no assurance that, even if the current notice were to be rescinded, the Company would receive further chip testing orders or production orders.
About SuperCom, Ltd.
SuperCom, Ltd. provides innovative solutions in smart-card and e-ID technologies to the commercial and government sectors. The Company offers a wide range of standard and customized smart-card-based solutions for physical and logical security, education, corrections facilities and air & seaports. It is also a leader in the manufacturing of secure and durable documents such as national identity cards, passports, visas, drivers' licenses and vehicle registration to improve homeland security, governmental efficiency and document ease of use. Headquartered in Israel, SuperCom has subsidiaries in the US and Hong Kong. For more information, visit our website at www.supercomgroup.com.
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Wednesday May 18, 1:00 am ET
http://biz.yahoo.com/iw/050518/086947.html
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Thursday May 19, 9:21 am ET
Customers Among the First to Benefit from Speed and Convenience of Contactless Payment Technology with the New Sheetz MasterCard(R) from Chase; First Retailer to Launch Cobranded Contactless Credit Card
ALTOONA, Pa., May 19 /PRNewswire/ -- Sheetz, Inc., today announces that technology allowing customers to use a contactless payment option is now "live" in all 309 Sheetz stores. In January 2005, Sheetz became the first retailer in the nation to adopt acceptance of MasterCard® International's innovative contactless payment option, MasterCard PayPass(TM), across its entire chain. Sheetz today also announces the availability of its own cobranded contactless credit card - the first launch of its kind by any retailer in the nation.
The card, issued by Chase Bank U.S.A., N.A., a division of JPMorgan Chase & Co. (NYSE: JPM - News), utilizes Chase's "blink" contactless functionality enabling use wherever MasterCard PayPass is accepted. The Sheetz MasterCard from Chase allows Sheetz customers to enjoy an even more streamlined and convenient shopping experience and eliminates the need to sign their payment card receipts for all sales under $25. Currently, more than 80 percent of convenience store transactions are less than $25. The card will feature a comprehensive customer rewards program, Sheetz Rewards, which includes the ability to earn free gas with every purchase. Furthermore, the contactless payment card maintains a magnetic stripe, allowing the card to be swiped in the traditional manner anywhere MasterCard is accepted.
"The best way to use this new contactless payment technology is with a Sheetz MasterCard from Chase. Not only will it get you in and out of the store faster, but you can use it anywhere MasterCard is accepted to earn free gas at Sheetz. Convenience and savings - we think our customers win both ways," said Louie Sheetz, executive vice president of marketing, Sheetz, Inc.
Sheetz Chase MasterCard cardholders can pay for purchases at Sheetz in- store and at the pump by simply tapping their card on, or holding their card near, a specially equipped terminal - which Sheetz calls its Z-Pass(TM) station - to complete a payment transaction; eliminating the need for customers to hand over their payment card to a store employee, manually swipe it through a reader, or fumble for cash and coins. And, because the Sheetz card is a Chase MasterCard, cardholders will be able to use the card anywhere and earn Sheetz Rewards with every purchase.
"Contactless payments represent one of the most significant payment advancements in the retail industry, and Chase is leading the way in deploying this new way to pay through our 'blink' functionality, to our partners, merchants and consumers," said Tom O'Donnell, Sr. Vice President, Chase Bank U.S.A., N.A. "Partnering with a category leader such as Sheetz to deliver the Sheetz MasterCard with 'blink' is a perfect strategic fit as we work together to introduce innovations that provide great benefits to our customers."
"As an innovator in the convenience store and quick-serve restaurant industries, it is only natural for Sheetz to partner with Chase and MasterCard to deliver the speed and convenience of contactless payment to our customers," added Louie Sheetz. "Chase's early commitment to offer contactless payment options to its cardholders echoes our own innovative and customer-centric culture."
The new Sheetz card will benefit customers by providing a quick, easy payment method for purchasing fresh made to order food, coffee and other Sheetz products. With the new payment option, Sheetz customers can see their purchasing time reduced between 12 and 18 seconds as compared to cash according to MasterCard tests. And because the system is simpler and faster than cash and other forms of payment, customers can move more quickly through the checkout process. Sheetz believes that its customers will also appreciate the added security of remaining in control of their payment card during payment transactions.
"Sheetz continues to demonstrate its commitment to offer the latest in innovation and convenience to its customers, adopting technologies designed specifically to improve the customer experience and deliver the ultimate convenience," said Fred P. Gore, senior vice president, North America Acceptance, MasterCard International. "Sheetz understands how contactless payment options, including our own MasterCard PayPass technology, simplify the customer experience and we are excited that Sheetz, Chase and MasterCard are working together to offer the increased speed, convenience and flexibility of this technology to Sheetz customers."
Sheetz customers will be able to apply for the Sheetz MasterCard from Chase in their local Sheetz store or by calling 1-866-40-SHEETZ. In addition to earning free gas, the Sheetz MasterCard rewards program offers cardholders a variety of rewards regardless of where purchases are made, including free Sheetz food, a 10 percent rebate on Sheetz purchases for the first 60 days and three percent thereafter. Additional information on the Sheetz MasterCard rewards program is available on the Sheetz website, http://www.sheetz.com.
About Sheetz, Inc.
Established by Bob Sheetz as a single store in 1952, Altoona, Pa.-based Sheetz, Inc. is one of America's fastest-growing, family owned and operated convenience store chains, with fiscal year 2004 revenue exceeding $2.8 billion. The company operates more than 300 convenience locations throughout Pennsylvania, West Virginia, Maryland, Virginia, Ohio and North Carolina, and is ranked 87th on the Forbes list of largest private companies. Sheetz provides an award-winning menu of Made*To*Order subz, sandwiches, saladz and specialty coffeez, which are ordered through unique touch-screen order point terminals. All Sheetz convenience stores are open 24 hours a day, 365 days a year. For more information, visit Sheetz on the Web at http://www.sheetz.com or call (800) 487-5444.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM - News) is a leading global financial services firm with assets of $1.2 trillion and operations in more than 50 countries. The company has approximately 94 million credit cards issued. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available at http://www.jpmorganchase.com.
About MasterCard International
MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members' credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard International manages a family of well- known, widely accepted payment card brands including MasterCard, Maestro and Cirrus and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Priceless advertising campaign is now seen in 96 countries and in 47 languages, giving the MasterCard brand a truly global reach and scope. For more information go to http://www.mastercardinternational.com.
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OTI Reports FY 2005 First Quarter Financial Results
Monday May 23, 8:07 am ET
- Revenues Climb 24% Compared to Same Period Last Year
- Operating Loss Decreased; Cash Flow at Breakeven
- Growth Related Mainly to Orders Delivered in the Payments Market
FORT LEE, N.J., May 23 /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 its consolidated financial results for the first quarter ended March 31, 2005.
-- Revenues for the first quarter increased by 24% to $6.55 million from
$5.30 million for the same period of last year.
-- Net loss for the period decreased by 16% to $(1.67) million from
$(1.99) million in the first quarter last year.
-- Licensing and transaction fees for the quarter were up 280% to $825,000
from $217,000 for the same period last year.
-- Cash flow from operating activities was at breakeven with $97,000 for
the quarter.
Oded Bashan, President and CEO of OTI commented: " During the first quarter we continued to build on our growth and positioning in the three key vertical markets we serve - payments for small ticket items, Smart ID for verification of individuals and petroleum payments. In this quarter, sales of products represented most of our revenues. Licensing and transaction fees continued to rise."
Mr. Bashan continued, " We are encouraged by the recent developments and announcements in the contactless payments market in the US. In this quarter we saw our strategy of capturing a leading position in the payments market bear fruit; revenues from the payments market constituted 49% of our revenues. Our gross profit has declined compared to the same period last year, mainly due to the execution of initial stages of projects which are characterized by lower margins in their early stages."
Financial Results
Revenues for the first quarter ended March 31, 2005 increased to $6.55 million from $5.30 million for the first quarter of last year. The increase was due to the growing implementation of contactless payment programs around the world. Gross Profit for the first quarter was $2.20 million versus $2.26 million for the same period last year. This was mainly due to the execution of initial stages of projects which are characterized by lower margins in their early stages. The operating loss for first quarter of 2005 decreased to $(1.63) million from $(1.85) million in the same period in 2004. Net loss for the quarter decreased to $(1.67) million, or $(0.20) loss per share, from $(1.99) million, or $(0.39) loss per share, for the first quarter of 2004. For the period ended March 31, 2005, cash and cash equivalents and short term investments were at $30.0 million compared to $28.5 million on December 31, 2004 and $13.8 million on March 31, 2004.
The Company has scheduled a conference call and simultaneous Web cast for Monday, May 23, 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 10:00 AM EDT to discuss operating results and future outlook. To participate, call: 1-800-963-8290 (U.S. toll free), 1-800-931-5196 (Israel toll free), 0-800-182-1463 (Germany toll free), or 1-973-409-9260 (standard international) ID Code: OTI. To attend the Web cast, use the following links: http://www.otiglobal.com/content.aspx?id=98
For those unable to participate, the teleconference will be available for replay until midnight May 30th, by calling U.S: 877-519-4471 or International; 973-341-3080 and entering the PIN number # 6075543, or on the web at: http://www.otiglobal.com/content.aspx?id=98.
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EL DORADO HILLS, Calif., Jun 02, 2005 (BUSINESS WIRE) -- Dutton Associates
continues its coverage of On Track Innovations Ltd. (NASDAQ: OTIV), raising its
rating to Strong Buy and maintaining its $18.00 price target. The 10-page report
by Dutton senior analyst Rafael K. Kapelinski is available at www.jmdutton.com
as well as from First Call, Bloomberg, Zacks, Reuters, and other leading
financial portals.
We are raising our rating to Strong Buy in light of the pullback of its share
price from its mid April highs. We continue to argue that the long-term
prospects remain intact and that OTI should be among the primary beneficiaries
of the accelerating switch to contactless microprocessor-based smart card
solutions in the banking, merchant, medical and other industries. We believe
that OTI generated some revenue from both MasterCard and Amex in the last
quarter, which bodes well for the future given the relative immaturity of these
programs. Whatever the timing of the US ePassport contract, we do believe that
OTI will be among the contract winners given the maturity of the Company's
standards-compliant technology and the strong track record. At present, our 2005
estimates include only a nominal contribution from this opportunity. Management
expects to be able to win at least one international ePassport project, which
would provide a scope for a significant upgrade of our current estimates. We are
raising our 2005 revenue forecast from $29 million to $31 million as we had
initially overestimated the negative impact of the recent divestments of the
Germany subsidiary. The Chinese ID program continues to pick up the pace as
well. While we are upbeat about the revenue prospects in both 2005 and 2006, the
profitability outlook has become slightly less encouraging. We are lowering our
2005 EPS estimate from -$0.51 to -$0.65 primarily as a function of slightly
lower gross profit margins. We estimate that the Company should be able to lift
the gross margin to 47% by 4Q 2005E as the Chinese ID program should contribute
to the revenues strongly. Finally, the growing contribution of higher-margin
non-product revenues should additionally boost the gross margin.
About Dutton Associates
Dutton Associates is one of the largest independent investment research firms in
the U.S. Its 27 senior analysts are primarily CFAs and have expertise in many
industries. Dutton Associates provides continuing analyst coverage of over 95
enrolled companies, and its research, estimates, and ratings are carried in all
the major databases serving institutions and online investors.
The cost of enrollment in our one-year continuing research program is US $33,000
prepaid for 4 Research Reports, typically published quarterly, and requisite
Research Notes. The Firm does not accept any equity compensation. We received
$41,000 from the Company for 6 quarterly Research Reports with coverage
commencing on 10/19/2004. Our principals and analysts are prohibited from owning
or trading in securities of covered companies. The views expressed in this
research report accurately reflect the analyst's personal views about the
subject securities or issuer. Neither the analyst's compensation nor the
compensation received by us is in any way related to the specific ratings or
views contained in this research report or note. Please read full disclosures
and analyst background at www.jmdutton.com before investing
SOURCE: On Track Innovations Ltd.
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Wednesday June 8, 1:00 am ET
Initial Deployments Will Support US Payment Market
FORT LEE, NJ--(MARKET WIRE)--Jun 8, 2005 -- On Track Innovations Ltd. (OTI) (NasdaqNM:OTIV - News) (Prime Standard [Frankfurt]: OT5), a global leader in contactless microprocessor-based smart card solutions for homeland security and payments, today announced a partnership with Ingenico North America. Ingenico and OTI will provide secure contactless solutions for the payment and identification markets.
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Ingenico is integrating OTI's contactless technology with the eN-Touch 1000, as well as the i6770 and i6550 customer-activated payment terminals. Additionally, Ingenico will interface and offer OTI's flagship Saturn 5000 contactless reader as a "plug 'n play" option for merchants currently equipped with Ingenico terminals.
Initial deployment will include support for contactless payment programs being implemented by major retailers in the United States. When using a contactless reader, consumers simply tap their contactless payment card on a merchant terminal with a contactless reader that securely transmits card information using radio frequency, eliminating the time it takes to swipe the card through a magnetic stripe reader. The solution will benefit traditional cash-only environments where speed of service is essential, such as quick service restaurants, gas stations, convenience stores and movie theaters.
Lloyd Baylard, vice president and general manager of Ingenico's Retail Solutions group, stated, "Ingenico is leveraging OTI's proven contactless reader technology to offer a seamless implementation of this secure and customer-convenient payment method with our terminal offerings. We view contactless payment as an important component of our secure transaction solutions strategy, of which OTI is an integral part."
"We are proud to work with Ingenico as a partner in their development of secure contactless solutions for payment and security systems. We look forward to providing OTI's secured contactless technology as an integral part of Ingenico's solutions to its multiple markets around the world," stated Ohad Bashan, President of OTI America.
About Ingenico
With a 26.5% market share, Ingenico is the world's largest provider of payment and transactions systems used by banking, retail, petroleum, transportation and government agencies to accelerate and secure the flow of electronic commerce. The Company's 1,300 employees working in 29 subsidiaries, as well as a network of a hundred partners and distributors, ship over 1.5 million payment terminals annually to more than 90 countries.
Ingenico, through an annual investment of over 8 percent of revenues in research and development, is producing increasingly efficient and secure payment systems that incorporate the UNICAPT 32 architecture and the latest EMV standards. These systems leverage the most advanced technology available, including biometrics, touch technology, RFID, GSM/GPRS, WiFi and Bluetooth communications, providing our customers with an efficient and versatile array of transaction solutions. Ingenico leverages this expertise and technology to provide solutions in markets requiring highly secure applications such as purchasing cards, e-procedures, prepaid card reloading and electronic transaction flow management. This investment had enabled Ingenico to enter the emerging markets of electronic ID scanning, microchip-based healthcare cards and supply-chain traceability. For more information about Ingenico, visit their web site at www.ingenico-us.com.
About OTI
Established in 1990, OTI (NasdaqNM: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, 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 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 www.otiglobal.com and www.portfoliopr.com.
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Friday, June 10, 2005
By HUGH R. MORLEY
STAFF WRITER
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A hungry office worker pays for his burrito in a downtown Manhattan restaurant by waving a plastic card over an electronic reader.
Palestinians do the same to get security clearance as they cross the Israeli border on their way to work.
So do clinic receptionists in Alabama, to pull up the medical history of a patient arriving to see a doctor.
The cards were developed by an Israeli company with U.S. headquarters in Fort Lee - On Track Innovations Ltd. It hopes they will one day become as common as cash.
The "contactless smart card" most often resembles a credit card but holds more information because it's embedded with a microchip instead of a magnetic strip. The card doesn't need to be swiped - merely passed near a wireless electronic sensor that swiftly reads the information.
Like a credit card, however, the card can be hooked up to a database and used for many tasks, such as credit or debit payment systems and ID background checks.
OTI - one of at least half a dozen developers and manufacturers of smart cards - believes the speed, flexibility and convenience of the technology offer a timely solution to the growing demand for faster consumer transactions and greater security.
"It's the next wave of payment and security applications in the U.S. and around the world," said Ohad Bashan, president and CEO of the company's U.S. arm, OTI America. And those enticed by the idea include the U.S., Israeli and Chinese governments and several major American financial services companies.
The U.S. State Department is mulling eight bids - among them one by OTI - to develop a chip that can be embedded in a passport to help stop document fraud. The chip probably would contain the same personal data found in the passport, and the holder's photo, said Kelly Shannon, a spokeswoman for the State Department's Bureau of Consular Affairs. When a traveler seeks to enter the country, she said, "the passport is read, the digital image pops up on screen" and it's biometrically compared to a photo taken of the traveler.
"If they don't match," Shannon added, "then that could be a flag that the person traveling on the passport isn't the person to whom it was issued."
Two weeks ago, J.?P. Morgan Chase launched contactless credit cards called "blink." MasterCard introduced its own version, called "PayPass," last year. And on Monday, American Express announced it would begin issuing a blue contactless card that uses its ExpressPay credit card technology.
Both MasterCard and J.?P. Morgan use cards and readers developed by OTI, among others; American Express uses OTI's reader, but not their card.
Randy Vanderhoof, executive director of the Smart Card Alliance, a trade group of card developers and manufacturers, said the financial institutions hope the ease of contactless cards will get them accepted in locations where credit cards have traditionally been shunned as too slow.
The small but growing number of merchants accepting contactless cards include some McDonalds restaurants, Sheetz convenience stores, Ritz Camera centers, 7-Elevens, CVS drug stores and movie theaters owned by Regal Entertainment Group.
"Our customers need speed," said Scott Rau, senior vice president for J.?P. Morgan. "Quick service restaurants, movie theaters, drug stores - those are the places where we expect customers to get the best benefit."
The OTI story began in 1990 in Rosh Pina, Israel, the company's world headquarters. Founder and current CEO and chairman, Oded Bashan - Ohad's father - had worked with a simple, early version of the technology as CEO of another company, but started OTI to explore the potential of the idea.
Today, the company has a German manufacturing plant, a Polish software development facility, a South African sales office and 236 employees, most of them in Israel and Europe. Seven years ago, OTI's U.S. arm opened in California; it moved in October to Fort Lee, where the dozen employees work mostly in marketing.
The company began trading on the Nasdaq in December. Since then, shares have risen from $5.25 to $12.69 driven by strong sales but no profits. Last year, OTI had revenue of |$23.1 million, up 18 percent over the year before, and a net loss of $9.2 million.
Frederick D. Ziegel, a principal at Soleil Securities, a New York-based independent research firm, said OTI has shown its contactless technology works, but needs to hustle it more.
"It's a marketing game," he said. "Their big challenge is to get in a position to be a technology supplier."
As part of that effort, OTI on Wednesday signed a partnership with Ingenico - a global leader in electronic payment systems - to develop contactless readers for its customers. And in the search for other partners or customers, OTI can point to a growing portfolio of global projects.
In Israel, drivers use in-vehicle parking meters embedded with OTI technology into which pre-paid parking fees are uploaded. Meter clerks can check for payment by scanning the card through the window.
Petroleum companies in South Africa, Peru and Turkey use the technology in their gasoline payment cards. And more than 10,000 patients of clinics run by Alabama-based Harmonex carry contactless cards, which store their biographical and medical data as well as information on their insurance coverage, OTI officials said.
The Chinese government picked OTI and another company to develop a readable chip that can be embedded in the 860 million or so national identification cards soon to be distributed to its citizens, OTI officials said.
To Ohad Bashan, however, the quality of the company's product is best demonstrated in a six-year-old project developing a card-based security system for the Israeli government to stop possible terrorists crossing the Erez border in the Gaza strip.
As Palestinian workers place their hands on an electronic fingerprint reader, a computer checks the prints and information on their ID card against a database of prescreened workers eligible to cross the frontier.
"We are not talking about plans," Bashan said. "This is here, and now, and real."
E-mail: morley@northjersey.com
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ENLARGED VIEW
§CVS PURCHASES 12,000 HYPERCOM RFID-ENABLED PAYMENT TERMINALS
Document: CVS PURCHASES 12,000 HYPERCOM RFID-ENABLED PAYMENT TERMINALS
Doc ID: 20050614 PRN3
Location: PHOENIX, AZ, USA
Doc Date: Jun/14/2005 (posted Jun/14/2005 7:00 AM)
Format: 6.0" x 5.9" @ 300 DPI (1800 x 1770 Color JPEG)
Categories: A F CORP REA HOU CPR FIN
Doc Size: 276K
Provider: PR Newswire Photo Service
Source: HYPERCOM CORPORATION
Special: *XPRC* SEE STORY 20050614/LATU034, PX Media contact: Pete Schuddekopf of Hypercom Corporation, +1-602-504-5383, pschuddekopf@hypercom.com.
Caption Writer: RV
CVS/pharmacy Purchases 12,000 Hypercom RFID-enabled payment terminals. Hypercom Corporation (NYSE: HYC) today announced that CVS/pharmacy, the 5,400-store retail pharmacy chain, has named Hypercom its preferred supplier of card payment terminals based on the advanced functionality of the Optimum L4100, a compact, high-speed signature capture card device with integrated contactless RFID reader to speed checkout lines in multi-lane retail environments. (PRNewsFoto)
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CVS/pharmacy Purchases 12,000 Hypercom RFID-Enabled Payment Terminals
Tuesday June 14, 7:00 am ET
Hypercom Becomes Pharmacy's Preferred POS Vendor with Optimum L4100 Device
PHOENIX, June 14 /PRNewswire-FirstCall/ -- Hypercom Corporation (NYSE: HYC - News) today announced that CVS/pharmacy, the 5,400-store retail pharmacy chain, has named Hypercom its preferred supplier of card payment terminals based on the advanced functionality of the Optimum(TM) L4100, a compact, high-speed signature capture card device specifically designed to speed checkout lines in multi-lane retail environments.
(Photo: http://www.newscom.com/cgi-bin/prnh/20050614/LATU034)
The Hypercom® terminals, configured to CVS/pharmacy specifications, accept magnetic stripe cards, smart cards, and contactless cards or key fobs that eliminate swiping and signature requirements through the use of embedded radio frequency identification (RFID) tags that transmit consumer account information over radio frequency waves.
Specific features of the L4100 include:
* Industry-leading transaction speeds, based on a 200Mhz 32-bit Intel®
XScale® processor.
* A 64K color 5.7" 1/4 VGA screen, permitting exact reproduction of
corporate logos, advertising and promotional messages to deliver
strong branding and marketing messages at the point of sale.
* A bi-directional, dual-sided magnetic stripe reader, an exclusive
feature that speeds checkout by allowing cards to be swiped from right
or left no matter which way the magnetic stripe is facing.
* An advanced screen protection and replacement system, including a
scratch-resistant Terrapin(TM) screen protector, automatic disabling
of the unit to prevent accidental screen damage if the protector is
not in place, and easy no-adhesive replacement of the protective
overlays.
* Multiple connectivity options, with the ability to support RS-232,
Ethernet, and powered or non-powered USB on the same device enabling
retailers to switch POS systems without replacing their payment
terminals.
* Contactless RFID reader, capable of supporting the American Express®
ExpressPay, MasterCard PayPass® and Visa® Contactless payment
programs as well as the contactless payment system being used by CVS
to help speed transaction times.
The Visa PED compliant Optimum L4100 also features a changeable bezel enabling retailers to incorporate their own branding, integrated signature capture, an optional compact flash card slot, and an optional EMV Level 1 and 2-approved smart card reader. The terminal can handle credit, debit, gift, loyalty and EBT (food stamp) cards and electronic check conversion.
"Hypercom is now our preferred provider of card payment terminals based on the advanced functionality of the Optimum L4100 with integrated contactless RFID reader," said Karl Taylor, Senior Vice President and Chief Information Officer for CVS/pharmacy.
"The advanced design and technology of the Optimum L4100 has led to our selection as CVS/pharmacy's primary payment terminal vendor," said O.B. Rawls IV, President, Hypercom North America. "This is an important customer for us, a solid validation of our new multi-lane terminal, and a signal to the market that Hypercom's newest products offer clear competitive advantages with the potential to significantly increase our customer's business."
About Hypercom (www.hypercom.com)
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. Hypercom's card payment terminal, network and server solutions are leading the transformation of electronic payments in more than 100 countries. The company is headquartered in Phoenix, Arizona.
Hypercom is a registered trademark of Hypercom Corporation. Optimum and Design is a trademark of Hypercom Corporation. Intel and XScale are registered trademarks of Intel 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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Hier ein Ausschnitt aus der OTI-Pressemitteilung vom 01.03.05 über die Zusammenarbeit mit Hypercom:
?Demand for our Optimum contactless payment terminals is escalating significantly,? said Eric Duprat, senior vice president, Global Marketing and Product Development, Hypercom Corporation. ?The intelligent integration of OTI and Optimum is a win-win for retailers who want to speed the check-out line and boost the profit-line.?
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Testing of e-Passports Begins at Los Angeles International Airport and Sydney Airport in Australia
Wednesday June 15, 1:30 pm ET
WASHINGTON, June 15 /PRNewswire/ -- A "live test" of e-Passports that contain computer chips with biographic and biometric information begins today at terminals 2, 4 and 7 of Los Angeles International Airport (LAX) and at Sydney Airport in Australia. The "live test" will run from June 15 to September 15, 2005.
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"This live test of e-Passports is an important step forward in a larger effort to enhance security and facilitate travel through international cooperation," said Jim Williams, Director of US-VISIT, a Department of Homeland Security (DHS) program.
Volunteers participating in the test include airline crew and officials of United Airlines, Air New Zealand and Qantas Airlines. These volunteers will present their new e-Passports when arriving in the United States through LAX, or upon arrival in Australia through Sydney Airport.
The U.S. Departments of Homeland Security and State (DOS) are working on this live test, in cooperation with the governments of Australia and New Zealand. The test will assess the operational impact of using new equipment and software to read and verify the information embedded in the e-Passports.
The e-Passports contain the holders' biographic information and a biometric identifier, in this case a digital photograph, embedded in a contactless chip set in the passport. The inspection process for those airline crew and officials participating is the same as always, with one exception: they will present the e-Passports to the U.S. Customs and Border Protection Officers, along with their current passports containing their visas.
The United States and other member countries of the International Civil Aviation Organization (ICAO) have coordinated with equipment and document manufacturers to develop systems that can work together. This test is part of the effort to support countries around the world in their development and implementation of e-Passports that comply with ICAO standards.
Biometrics included in a chip provide a further means by which the identity of visitors may be verified, thus preventing entry by imposters and the use of fraudulent documents. Biometrics data provide border officials a critical tool in making admissibility decisions, thus enhancing border security.
US-VISIT is a top priority for the U.S. Department of Homeland Security. US-VISIT's goals are to enhance the security of our citizens and visitors, facilitate legitimate travel and trade, ensure the integrity of our immigration system, and protect personal privacy. The initial deployment of US-VISIT represents a tangible and successful interim response to this challenge but much more needs to be done to have a complete automated biometric entry-exit system that fully meets our goals. Meeting the challenge also requires a comprehensive vision and strategic approach to transforming our ability to keep America's doors open and our nation secure.
US-VISIT entry procedures are currently in place at 115 airports, 15 seaports, and in the secondary inspection areas of the 50 busiest land ports of entry. By December 31, 2005, US-VISIT entry procedures will be implemented in the secondary inspection areas of all remaining land ports of entry. To date, more than 28 million visitors have been processed through US-VISIT without adversely impacting wait times, and more than 600 criminals or immigration violators have been denied admission as a result of the use of biometrics to the United States.
US-VISIT is helping the United States demonstrate that it remains a welcoming nation - that we can keep America's doors open and our nation secure. For more information on US-VISIT, please visit http://www.dhs.gov/us-visit .
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Initial Deployments Will Support US Payment Market
FORT LEE, NJ -- (MARKET WIRE) -- 06/08/05 -- On Track Innovations Ltd. (OTI) (NASDAQ: OTIV) (Prime Standard [Frankfurt]: OT5), a global leader in contactless microprocessor-based smart card solutions for homeland security and payments, today announced a partnership with Ingenico North America. Ingenico and OTI will provide secure contactless solutions for the payment and identification markets.
Ingenico is integrating OTI's contactless technology with the eN-Touch 1000, as well as the i6770 and i6550 customer-activated payment terminals. Additionally, Ingenico will interface and offer OTI's flagship Saturn 5000 contactless reader as a "plug 'n play" option for merchants currently equipped with Ingenico terminals.
Initial deployment will include support for contactless payment programs being implemented by major retailers in the United States. When using a contactless reader, consumers simply tap their contactless payment card on a merchant terminal with a contactless reader that securely transmits card information using radio frequency, eliminating the time it takes to swipe the card through a magnetic stripe reader. The solution will benefit traditional cash-only environments where speed of service is essential, such as quick service restaurants, gas stations, convenience stores and movie theaters.
Lloyd Baylard, vice president and general manager of Ingenico's Retail Solutions group, stated, "Ingenico is leveraging OTI's proven contactless reader technology to offer a seamless implementation of this secure and customer-convenient payment method with our terminal offerings. We view contactless payment as an important component of our secure transaction solutions strategy, of which OTI is an integral part."
"We are proud to work with Ingenico as a partner in their development of secure contactless solutions for payment and security systems. We look forward to providing OTI's secured contactless technology as an integral part of Ingenico's solutions to its multiple markets around the world," stated Ohad Bashan, President of OTI America.
About Ingenico
With a 26.5% market share, Ingenico is the world's largest provider of payment and transactions systems used by banking, retail, petroleum, transportation and government agencies to accelerate and secure the flow of electronic commerce. The Company's 1,300 employees working in 29 subsidiaries, as well as a network of a hundred partners and distributors, ship over 1.5 million payment terminals annually to more than 90 countries.
Ingenico, through an annual investment of over 8 percent of revenues in research and development, is producing increasingly efficient and secure payment systems that incorporate the UNICAPT 32 architecture and the latest EMV standards. These systems leverage the most advanced technology available, including biometrics, touch technology, RFID, GSM/GPRS, WiFi and Bluetooth communications, providing our customers with an efficient and versatile array of transaction solutions. Ingenico leverages this expertise and technology to provide solutions in markets requiring highly secure applications such as purchasing cards, e-procedures, prepaid card reloading and electronic transaction flow management. This investment had enabled Ingenico to enter the emerging markets of electronic ID scanning, microchip-based healthcare cards and supply-chain traceability. For more information about Ingenico, visit their web site at www.ingenico-us.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 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 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 www.otiglobal.com and www.portfoliopr.com.
Ingenico Contact:
Michael English
Director of Business Development and Communications
678-795-2727
menglish@ingenico-us.com
OTI Contact:
Galit Mendelson
Director of Corporate Communication, OTI
201 944 5200 ext. 111
galit@otiglobal.com
Media Relations:
Adam Handelsman
5W Public Relations
212 999 5585
ahandelsman@5wpr.com
IR Contact:
Paul Holm
PortfolioPR
212 736 9224
pholm@portfoliopr.com
