Entering text into the input field will update the search result below

On Track Innovations (OTIV) Increases Expansion with $6 Million Order

May 31, 2011 3:02 PM ETOTIVF
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

While only established in 1990, On Track Innovations has quickly evolved into a global leader in contactless smart card solutions for homeland security, payments, electronic passports, national IDs, petroleum payments and other applications. Today, OTI took another step forward with the announcement that they have received a $6 million order in support of the next stage expansion of a national ID program.

OTI’s secured ID solution is a state-of-the-art product because it supports both online and offline communication, thereby allowing every citizen, living in cities and rural areas, to apply for an ID card regardless of the area’s communication infrastructure. This user-friendly solution is designed to provide maximum accuracy and security.

This announcement displays the continued success of OTI. Last year, the young company started on its path to becoming a global power when it successfully supplied its end-to-end turnkey solution based on its proprietary state-of-the-art, field-proven eID Magna platform in support of the nationwide infrastructure setup.

Leading the way at OTI is Oded Bashan whom serves as the company’s Chairman and CEO. Bashan was quoted as saying, “We are proud to be the technology and implementation partner of our governmental client’s national ID system. The level of professionalism and execution capabilities demonstrated by the government has been second to none. Together, we were able to meet the strict implementation timeline, allowing for the continuation of the project.”

To learn more about this story and the company as a whole, visit their corporate website at: otiglobal.com.

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

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.