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On Track +5.6%; Israeli contract extended by 5 years

Mar. 02, 2015 11:33 AM ETOn Track Innovations Ltd. (OTIVF) StockBy: Eric Jhonsa, SA News Editor2 Comments
  • On Track (OTIV) has obtained a 5-year contract extension from Israel's Local Government Economic Services (LGES - handles various services for municipal authorities) related to the use of On Track's EasyPark in-vehicle parking meter/fee payment system (offered through its Parx Global subsidiary)
  • On Track notes it has sold over 850K EasyPark devices and collected over $165M in parking fees for Israeli municipalities since 2000. The solution is currently offered in 13 countries, including the U.S., France, and Italy.

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