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  • On Track Innovations Ltd. (OTIV) Chosen By The City Of Dover, NH 0 comments
    Aug 31, 2012 7:58 PM | about stocks: OTIV

    Yesterday, On Track Innovations announced that its subsidy, OTI America, has been selected by the city of Dover, New Hampshire, to utilize OTI's EasyPark system of electronic parking and payment. Dover joins other cities and institutions in using EasyPark, such as UC Davis and Austin, Texas, as well as other municipalities worldwide, including Tel Aviv and Jerusalem in Israel, Lille and Lyon in France, Turin in Italy, and Bermuda.

    OTI is focused on developing and marketing ID-credentialing, payment, and loyalty applications. OTI systems have been used worldwide in such situations and applications as homeland security, national ID, medical ID, contactless payment and NFC solutions, loyalty applications, petroleum payment, parking, and mass transit ticketing. These systems utilize contactless microprocessor-based technologies in conjunction with proprietary hardware and software.

    The user experience of the EasyPark system is centered around an EasyPark in-vehicle device, which communicates with information systems around the city that provide real-time data for the driver and authorities. This means that drivers no longer have to look for meters or pay on-site; metering is handled by the in-car device. The system requires no maintenance or overhead costs to the municipality, and requires no infrastructure spending or construction.

    Bill Simons, Parking Manager for the City of Dover, said, "We are excited to add the availability of the EasyPark in-vehicle parking meter system as an enhancement to our paid parking program. Not only are there numerous benefits for visitors and employees who use EasyPark, but the city will experience extended life on the moving parts of our meters, lower supply costs; as well as reduced labor needs to retrieve, sort and deposit coins. The addition of other municipalities in the New England region will further enhance the benefits of the EasyPark system."

    Oded Bashan, OTI's chairman and CEO, said, "The unanimous decision by Dover'sParking Commission to implement EasyPark highlights the mounting recognition by municipalities across the U.S. of EasyPark's effectiveness in managing parking payment collection. With the implementation of EasyPark in Austin underway, the adoption of EasyPark by Dover is another important milestone in the expansion of EasyPark within the U.S., as Dover will be the first city to utilize EasyPark in the Northeast. With many cities and towns looking for a simpler, more cost effective solution to manage their parking payment requirements, we anticipate that Dover will be a leader for the Northeast region and we look forward to working with other municipalities in the area that follow."

    To learn more about the company, visit otiglobal.com

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

    Stocks: OTIV
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