On Track Innovations Ltd. (OTIV)

[midastouch017]

OTI Announces an Outstanding Increase in 2017 of Smart ATM Sales, Recognizes Potential for 2018

PR Newswire PR NewswireJanuary 3, 2018
- In 2017, OTI distributes globally 10,000 advanced contactless readers to the smart ATM market
- Sales growth of more than 5 times compare to 2016
- OTI anticipate smart ATM sales will rise further in 2018

ROSH PINNA, Israel, Jan. 3, 2018 /PRNewswire/ -- On Track Innovations Ltd. (OTI) (OTIV), a global provider of near field communication (NFC) and cashless payment solutions, in 2017 delivered 10,000 advanced secure contactless readers to the Smart ATM global market. The systems include their unique Uno-6 and Uno-8 contactless NFC readers for smart ATM. OTI Embedded EMV certified contactless readers provide the ATM manufacturers with the ability to identify the account owner and communicate by smartphone.

"Integrated with our innovative cashless readers, ATMs have become a powerful service platform," quotes Shlomi Cohen, OTI CEO, "at OTI, we predict ATM sales to grow substantially in 2018 and look forward to another year of significant growth."