On Track Innovations Ltd. (OTIV)

[midastouch017]

OTI Selected one of "10 Fastest Growing IoT Companies of 2017" by The Silicon Review Magazine

ROSH PINNA, Israel, October 2, 2017 /PRNewswire/ -- On Track Innovations Ltd. (OTI) OTIV, +7.87% a global provider of near field communication (NFC) and cashless payment solutions, announced today it has been named one of the 10 Fastest Growing IoT Companies of 2017 by The Silicon Review Magazine.

The Silicon Review Magazine honors OTI with this award after reviewing OTI's offerings for the cashless payment market and the Internet of Payment Things (IoPT).

"There is growing demand for Cashless payments in the IoPT and unattended retail markets in developed countries, particularly in the US, Europe and Japan, where we are experiencing our greatest growth," said Shlomi Cohen OTI CEO.