ON TRACK INNOVATIONS LTD - ORDINARY SHARES
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On Track Innovations, Ltd. (OTI) engages in design, development, and marketing of contactless microprocessor-based smart card systems. Its contactless microprocessor-based products are based on a platform known as the OTI Platform. The OTI Platform combines the company's patented technologies and consists of its smart cards, smart card readers, software that enables the development of applications for the smart card, and a communications technology that ensures that the transmission of data to and from the card is secure. The company offers micropayments solutions, petroleum payment systems, gasoline management systems, electronic parking payment systems, homeland security solutions, electronic passports and IDs, and mass transit ticketing systems. It also offers products designed to secure, process, and manage medical information by providing doctors and hospital administrators with information regarding the patient's identity, medical history, insurance coverage, and payment history. In addition, OTI offers campus systems, which provides applications, such as access control, prepaid value cards for small purchases, cafeteria access, and copy machine payments on a single card. The company sells its products to original equipment manufacturers. It markets and sells its products in the Americas, Europe, Africa, and Israel. OTI was co-founded by Oded Bashan and Ronnie Gilboa in 1990 under the name De-Bug Innovations, Ltd. It changed its name to On Track Innovations, Ltd. in 1991. OTI is headquartered in Rosh Pina, Israel.