On Track Innovations Ltd. (OTIV): oti Receives Order for 65,000 Cashless P...

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Wednesday, 09/21/2016 10:20:56 AM

Wednesday, September 21, 2016 10:20:56 AM

oti Receives Order for 65,000 Cashless Payment Devices from a North American Customer

Wednesday 21 September 2016

On Track Innovations Ltd. (oti) (NASDAQ:OTIV), a global provider of near field communication (NFC) and cashless payment systems, today announced it has received an order for 65,000 units of its cashless payment transaction readers from a current customer, a solutions provider supporting the North American unattended retail market. Delivery of the readers, to be used on vending machines, is to start immediately and projected to be fulfilled no later than Q1 2017.
“This order confirms the trust our customers put in us and the expansion of our business with this key North American customer,” said oti CEO Shlomi Cohen. “Our versatile line of NFC contactless products, combined with our customer service oriented approach allows us to provide solutions integrators in unattended retail including the vending machine market with the most advanced products and end-to-end solutions.”