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Wednesday, February 15, 2017 11:30:53 AM
Feb. 15, 2017 11:16 AM ET|About: On Track Innovations Ltd (OTIV)|By: Niloofer Shaikh, SA News Editor
On Track Innovations (NASDAQ:OTIV) received purchase orders through its channel partners to install thousands of advanced self-checkout payment systems at leading U.S. food chains and Kiosk operators.
The purchase orders were received from numerous OTI channel partners during the first six weeks of 2017 and the systems will be shipped throughout 2017.
“These purchase orders continue the growth momentum we are currently experiencing at OTI,” says Shlomi Cohen, OTI’s CEO. “We bring an all-inclusive and affordable solution for the global self-checkout kiosk market that is estimated to reach U.S. $18 billion by 2023. The inclusion of near field communication (NYSEMKT:NFC) technology - our expertise - into these machines is changing operations on a global scale. It enables customers to have an intuitive, quick and seamless shopping experience.”
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