On Track Innovations Ltd. (OTIV) Message Board

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Technology Stocks : On Track Innovations Ltd. (OTIV)

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From: JakeStraw	11/5/2013 9:44:18 AM
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OTI Signs Its Largest Purchase Contract for NFC Readers, Valued at More Than $10 Million finance.yahoo.com Initial Shipment of 40,000 Readers Scheduled for Delivery to U.S. Channel Partner by Year-End "Our Saturn 6500 NFC readers are the perfect solution for the unattended retail market," said OTI's CEO Ofer Tziperman. "When integrated into kiosks or vending machines, it presents customers with a quick and easy way to pay, which promotes more frequent purchases and increased revenue for the retailer." "This contract represents the largest single reader win for our company, and is the result of our recent strategic shift to focus primarily on building our core contactless transaction and NFC technology business," continued Tziperman. "This win also reflects increasing traction for greater adoption of NFC. In fact, compared to last year, we have already more than doubled the number of readers we have shipped globally. Hence, we're confident the adoption of our patented NFC solutions will continue to expand over the months and years ahead."

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