On Track Innovations Ltd.
On Track Innovations Ltd.: OTI RECEIVES AN AWARD BY THE U.S. GOVERNMENT
Ad hoc announcement §15 WpHG
Miscellaneous
On Track Innovations Ltd.: OTI RECEIVES AN AWARD BY THE U.S. GOVERNMENT
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Fort Lee, NJ – January 12, 2005 – On Track Innovations Ltd, (OTI) (NASDAQ:
OTIV; Prime Standard [Frankfurt]: OT5), a global leader in contactless
microprocessor-based smart card solutions for homeland security,
micropayments, petroleum payments and other applications, today announced
today that its wholly owned subsidiary, OTI America Inc. has been notified by
the U.S Government Printing Office (GPO) that OTI America has received an
award under the GPO EP 2004 solicitation to provide Electronic Passports to
the US Government. The award is in addition to similar awards, announced in
October 2004. It is anticipated that one or several companies will ultimately
be selected for the production stage.
On Track Innovations Ltd.
Z.H.R. Idustrial Zone
12000 P.O. Box 32 Rosh Pina
Israel
ISIN: IL0010834682
WKN: 924895
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hannover, München und Stuttgart
End of ad hoc announcement (c)DGAP 12.01.2005
Issuer’s information/explanatory remarks concerning this ad hoc announcement:
OTI RECEIVES AN AWARD BY THE U.S. GOVERNMENT FOR “ELECTRONIC’ PASSPORTS”
Fort Lee, NJ – January 12, 2005 – On Track Innovations Ltd, (OTI) (NASDAQ:
OTIV; Prime Standard [Frankfurt]: OT5), a global leader in contactless
microprocessor-based smart card solutions for homeland security,
micropayments, petroleum payments and other applications, today announced
today that its wholly owned subsidiary, OTI America Inc. has been notified by
the U.S Government Printing Office (GPO) that OTI America has received an
award under the GPO EP 2004 solicitation to provide Electronic Passports to
the US Government. The award is in addition to similar awards, announced in
October 2004. It is anticipated that one or several companies will ultimately
be selected for the production stage.
Ohad Bashan, President & CEO of OTI America, stated that “We are very pleased
that the GPO has determined to make the award to us. We believe that, on the
basis of the work that we will perform under the contract, the technology that
we have developed for use in the growing world-wide market for personal
identification and other homeland security applications we will be selected
for use in the production stage of the U.S. passports.”
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. Major clients include: MasterCard International, Atmel, BP, Scheidt
& Bachmann, EDS, Repsol, and the Government of Israel. For more information
on OTI, visit http://www.otiglobal.com
End of message (c)DGAP
121750 Jän 05
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