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Technology Stocks : On Track Innovations Ltd. (OTIV)

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From: JakeStraw11/16/2011 3:28:17 PM
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OTI to Present Innovative Mobile Payment and ID Products at CARTES & IDentification 2011 in Paris
finance.yahoo.com

Demonstrating Contactless ID, Medical Record, Parking, NFC and Payment Solutions

Near Field Communication ("NFC") and Mobile Payments:
OTI will demonstrate its suite of MasterCard and Visa certified payment products, including contactless devices and readers. OTI will showcase its innovative and unique COPNI(TM) (Contactless Payment and NFC Insert) product, an NFC-enabling, flexible add-on device based on OTI's intellectual property and patents, that is hand set and phone operating system agnostic resulting in an aftermarket accessory that enables users to convert SIM-enabled phones into a mobile wallet in just a few minutes.

OTI will also showcase its range of mobile payment readers for indoor and outdoor applications, including countertop Point of Sale readers and readers for vending machine, gas station and mass transit applications.

SmartID:

OTI will present its secured end-to-end ID and credentialing solutions based on its MAGNA(TM) platform, including a turnkey enrollment process utilizing OTI's Mobile Registration System ("MRS"), a modular integrated solution for capturing an individual's textual (demographic) and biometric characteristics. The MRS is ideal for enrollment in hard to reach rural areas, enabling remote and secure enrollment of biometrics and issuing of secure IDs with minimum infrastructure costs.

OTI's MAGNA(TM) -based credentialing platform is a high performance system that is flexible, modular and secure, making it ideally suited for applications where basic infrastructure may be lacking.

MediSmart:

OTI's MediSmart platform integrates with legacy medical IT systems to create high secure and portable electronic health records ("EHR"). MediSmart reduces patient, payer and provider costs by enabling secure patient and provider authentication which limits wasteful redundancy and fraud. The system also improves process efficiency and accuracy and enables medical institutions to focus more resources on patient care.

Parking:

OTI will also demonstrate EasyPark(TM), its in-vehicle parking meter solution. EasyPark(TM) provides a convenient, cost effective parking payment solution for both drivers and municipalities for on street and off street parking. With EasyPark(TM), the driver simply parks the car, turns on the in-vehicle parking meter and displays it in the car window. Upon returning to the vehicle, the driver simply turns the device off.
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