On Track Innovations Ltd. (OTIV)

[midastouch017]

OTI Appoints Larry Susman as VP of Sales


ROSH PINNA, Israel, Feb. 27, 2017 (GLOBE NEWSWIRE) -- On Track Innovations Ltd. (OTI) (OTIV), a global provider of near field communication (NFC) and cashless payment solutions, announced today that Larry Susman has joined the Company as Vice President of Sales to further develop OTI’s growing portfolio of regional and international accounts.

Larry brings a wealth of industry experience having spent several years at Retalix, which was acquired by NCR, and other retail technology companies where Larry was instrumental in acquiring numerous large corporate accounts.

Larry joins OTI to boost its rapid growth momentum by targeting the world’s top retail companies as potential clients. “I am excited to manage and grow OTI’s international sales efforts, and further develop the Company’s already impressive range of products and solutions,” commented Larry Susman.

“With his deep industry knowledge and experience, Larry is a crucial addition to the OTI team, and we view his appointment as a sign of our continuing commitment to becoming the world’s leading payment industry company over the coming years,” stated Shlomi Cohen, OTI’s CEO.

“Our move away from hardware only, to a more solutions based offering, together with our continued growth driven by our innovative payment solutions, led us to find a person who can spearhead our international sales team. We are very fortunate to have found a person of Larry’s caliber to fulfill this role. I am very confident Larry will play a pivotal role in providing and implementing high quality solutions for our growing client base,” Cohen added.