On Track Innovations Ltd. (OTIV)

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OTI Receives 2017 AI Business Excellence Award for Best Cashless Payment Solution Provider


ROSH PINNA, Israel, Mar 06, 2017 (GLOBE NEWSWIRE via COMTEX) --

On Track Innovations Ltd. (OTI) OTIV, -1.06% a global provider of near field communication (NFC) and cashless payment solutions, announced today it has been awarded the 2017 AI Business Excellence Award for Best Cashless Payment Solution Provider - Israel.
Acquisition International Magazine's esteemed Business Excellence Awards acknowledge and reward the exceptional work and the results gained by OTI in the face of an ever-increasing competitive market.

The Business Excellence Awards seek out the leading lights of the business industry, looking for those whose creativity, experience, commitment and leadership has helped them succeed in an increasingly difficult competitive climate. The purpose of the awards is to recognize and honor the most respected companies along with their executives within a variety of industries.

"OTI is very proud and honored to have received the 2017 Award for Best Cashless Payment Solution Provider - Israel," said Shlomi Cohen, OTI's CEO. "It is great to be recognized for all the momentum and success we have built up over the last 12 months. We are confident of our continued strong growth, despite operating within the very competitive cashless payment technology market."