On Track Innovations Ltd.
On Track Innovations Ltd.: GSA CONTRACT AWARD AND “FIPS” CERTIFICATION
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OTI RECEIVES GSA CONTRACT AWARD AND “FIPS” CERTIFICATION FOR HOMELAND SECURITY
PRODUCTS
– – –
Independent Laboratory Tests Show OTI Technology Meets Federal Requirements
GSA Award Permits U.S. Government Agencies to Purchase SmartID Products
Fort Lee, NJ, January 24, 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, announced that its
subsidiary OTI America Inc., has been awarded a U.S. General Services
Administration (GSA) Federal Supply Schedule Contract for OTI’s SmartID suite
of products for homeland security. These products have also been certified as
meeting the Federal Information Processing Standards (“FIPS”) mandated for
Federal government homeland security programs.
OTI’s SmartID offers a secure and flexible platform to carry and verify
credentials as ID, e-Passport and national card programs. The SmartID can be
utilized for access control to highly sensitive areas, serve as a registered
traveler program, and more. The GSA contract enables U.S. Federal agencies, as
well as state and local government agencies to purchase OTI’s products and
related services quickly and easily. Agencies can also purchase the solutions
directly from the GSA Advantage! Website (http://www.gsaadvantage.gov/). OTI’s
GSA contract number is GS-07F-5909P.
In addition, OTI’s HERCULES Operating System has successfully passed the FIPS
certification process that requires vendors to submit their technologies to
one of several independent U.S. laboratories that have been officially
approved by the National Institute of Standards and Technology (NIST) for a
series of tests. OTI received notification that its contactless smart card
solution for homeland security and related government security needs has
passed the required tests for FIPS certification and has been validated as
conforming to the Triple Data Encryption Algorithm (TDEA, a.k.a. “Triple
DES”), as specified in Federal Information Processing Standard Publication 46-
3, Data Encryption Standard (DES).
The FIPS Publication Series of the NIST is the official series of publications
relating to standards and guidelines adopted and promulgated under the
provisions of Section 5131 of the Information Technology Management Reform Act
of 1996 (Public Law 104-106), and the Computer Security Act of 1987 (Public
Law 100-235). These mandates have given the Secretary of Commerce and the NIST
important responsibilities for improving the utilization and management of
computer and related telecommunications systems in the Federal government. The
NIST, through its Information Technology Laboratory, provides leadership,
technical guidance, and coordination of government efforts in the development
of standards and guidelines in these areas.
Oded Bashan, President and CEO, OTI, commented, “Receiving the GSA contract
award and successfully passing the FIPS requirements allows OTI’s government
clients to easily access and purchase our products with the FIPS assurance of
our products’ security..”
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
end of message, (c)DGAP 24.01.2005
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WKN: 924895; ISIN: IL0010834682; Index:
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Bremen, Düsseldorf, Hannover, München und Stuttgart
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