On Track Innovations Ltd.
OTI APPROVED FOR LISTING ON NASDAQ NATIONAL MARKET
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
——————————————————————————–
ON TRACK INNOVATIONS LTD. (OTI) APPROVED FOR LISTING ON NASDAQ NATIONAL
MARKET (NMS)
– – –
CEO to Ring the NASDAQ Stock Market Opening Bell on First Day of Trading —
Monday, December 20, 2004
Fort Lee, NJ – December 17, 2004 – 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
that the NASDAQ National Market System (NMS) has approved OTI’s listing
application. The Company common stock will be eligible for trading on the
NMS effective Monday, December 20, 2004, and to celebrate the occasion, Oded
Bashan, OTI Chairman and CEO will open the NASDAQ market. The trading symbol
for common stock will continue to be OTIV.
OTI’s common stock has been trading on the NASDAQ Small Cap Market since
November 2002. The Company’s initial public offering was in August, 1999, in
the Neuer Market in Germany.
In addition, the Company has been invited to participate in the Market Open
ceremony at the NASDAQ Stock Market on Monday, December 20, 2004. Oded
Bashan, the Company’s President & CEO, Guy Shafran CFO, and Ohad Bashan,
President & CEO of OTI America and Head of Global Marketing, together with
other invited guests, will participate in the Market Open ceremony.
Charlotte Crosswell, Head of NASDAQ International commented: “we are
delighted to be part of OTI’s growing success. Trading on the National
Market can provide greater exposure, higher trading volumes and a larger
audience of potential investors.”
Mr. Oded Bashan, President & CEO of OTI said, “This listing on the NASDAQ
National Market, often considered the world’s premier stock market for high-
tech companies, is an important milestone for OTI. We hope that this move
will provide greater visibility for a larger investor base. We’re also
honored by NASDAQ to ring its opening bell on this auspicious occasion for
our company.”
The opening bell is provided live via satellite feed and is available from
9:20 a.m. to 9:35 a.m. on uplink IA-5 C-band/transponder 14. The downlink
frequency is 3980 horizontal; audio: 6.2/6.8. The feed can also be found
on Waterfront fiber 1623. The Market Open can also be accessed via NASDAQ
web cam at the following link:
http://www.nasdaq.com/reference/marketsite_about.stm under the heading
MarketSite Live Web Cam. To obtain a hi-resolution photograph of the Market
Open, please go to http://www.nasdaq.com/reference/marketsite_events.stm and
click on OTI opening bell.
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 17.12.2004
——————————————————————————–
WKN: 924895; ISIN: IL0010834682; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hannover, München und Stuttgart
171417 Dez 04
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden