Author: sca

OTI Estimates Revenues for the First Nine months of 2005 to Reach Approximately $24 Million

Revenues From its program of providing inlays for Electronic Travel Documents to an Asian Country Expected to Reach Low Tens of Millions of Dollars Starting FY 2007 Fort Lee, NJ, October 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,…

STMicroelectronics and On Track Innovations (OTI) Deliver Approved Microcontroller Contactless Payment Solution

Volume Shipments in US Already Underway Geneva, Switzerland and Fort Lee, New Jersey–October 19, 2005–STMicroelectronics (NYSE: STM), one of the world’s leading semiconductor manufacturers and the leader in smart card microcontrollers for financial and transportation applications, together with On Track Innovations Ltd, (OTI) (NASDAQ: OTIV; Prime Standard [Frankfurt]: OT5), a global leader in contactless microprocessor-based…

New Smart Card Alliance White Paper Addresses the Impact of FIPS 201 on Federal Physical Access Control Systems

Princeton Junction, NJ, October 4, 2005–Homeland Security Presidential Directive 12 (HSPD-12) is driving a momentous change in how the U.S. federal government manages physical access control and information security. The new Smart Card Alliance white paper, FIPS 201 and Physical Access Control: An Overview of the Impact of FIPS 201 on Federal Physical Access Control…

On Track Innovations (OTI) Honoured with the 2005 Frost & Sullivan Company of the Year Award

London, UK, 19 September 2005–Acknowledging On Track Innovations’ (OTI’s) (NASDAQ: OTIV, Prime Standard: OT5) technology leadership, significant revenue expansion and its prominent position in the smart card contactless solutions market, including OTI’s excellent strategic moves and ability to expand its market reach with providing its customers with optimum solutions, Frost & Sullivan presented it with…