On Track Innovations +7% on $6.2M NFC order

|About: On Track Innovations Ltd (OTIV)|By:, SA News Editor

An unnamed U.S. channel partner has placed a $6.2M order for On Track Innovations' (NASDAQ:OTIV) Saturn NFC readers.

The readers will be delivered over the next 18 months, with the first shipments starting immediately. On Track calls the order the second-largest in its history for its Saturn 6500 readers.

Altogether, the company expects to deliver 150K+ NFC readers in 2014 (+35% Y/Y).