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Monday, 11/06/2017 10:43:47 AM

Monday, November 06, 2017 10:43:47 AM

Post# of 1569
Item 8.01. Other Events.

Effective November 1, 2017, On Track Innovations Ltd., or the Company, and its subsidiary, OTI America Inc., and USA Technologies, Inc. and Masterwork Electronics, Inc. have reached a settlement of their disputes and immediately thereafter dismissed the related litigation procedures between the parties. Said litigations were initially disclosed by the Company in a Current Report on Form 8-K filed with the Securities and Exchange Commission on March 6, 2017.