SOURCE: On Track Innovations Ltd.

On Track Innovations Ltd.

October 22, 2015 08:31 ET

oti Will Be Exhibiting at a Joint Booth With Nidec Sankyo at Money20/20

ROSH PINA, ISRAEL--(Marketwired - Oct 22, 2015) - On Track Innovations Ltd. (oti) (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, will exhibit with Nidec Sankyo Corporation, a leading provider of card readers to the financial and retail industries and a subsidiary of Nidec Corporation (NYSE: NJ), at a joint booth (Booth #1421) at Money20/20. The event will be held on October 26-28, 2015 at The Venetian Resort Hotel Casino in Las Vegas.

oti and Nidec Sankyo will demonstrate various products and solutions, including a technology bridging solution from both companies. oti will also showcase its newest products and upcoming innovations, highlighting how the company can assist vendors in integrating payment solutions into successful deployments.

Money20/20 is the largest global event focused on payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology. With 10,000+ attendees, including more than 1,000 CEOs from 3,000 companies and 75 countries expected at its 2015 U.S. event, Money20/20 is critical to realizing the vision of disruptive ways in which consumers and businesses manage, spend and borrow money. For more information about the Money20/20, visit www.money2020.com.

About oti
On Track Innovations Ltd. (oti) is a leader in contactless and NFC applications based on its extensive patent and IP portfolio. oti's field-proven innovations have been deployed around the world to address NFC and other cashless payment solutions, petroleum payment and management, cashless parking fee collection systems and mass transit ticketing. oti markets and supports its solutions through a global network of regional offices and alliances. For more information, visit www.otiglobal.com, the content of which is not part of this press release.

Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on oti's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of oti could differ materially from those described in or implied by the statements in this press release. Forward-looking statements could be impacted by the effects of risks and uncertainties, including those discussed in the "Risk Factors" section and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2014, and in subsequent filings with the Securities and Exchange Commission. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be achieved. Except as otherwise required by law, 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 circumstances or otherwise.

Contact Information

  • Investor Contact:
    Scott Liolios or Matt Glover
    Liolios Group, Inc.
    949-574-3860
    Email Contact