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Share Name | Share Symbol | Market | Type |
---|---|---|---|
On Track Innovations Ltd | NASDAQ:OTIV | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.17 | 0.1701 | 0.18 | 0 | 01:00:00 |
ON TRACK INNOVATIONS
LTD.
(Name of Registrant)
Z.H.R. Industrial Zone, P.O. Box 32, Rosh-Pina, Israel, 12000
(Address of Principal
Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
6-K ITEM
This report on Form 6-K is
incorporated by reference into On Track Innovations Ltd.s Registration Statement on
Form F-3 (Registration No. 333-111770), initially filed with the Securities and Exchange
Commission (the Commission) on January 8, 2004, its Registration Statement on
Form F-3 (Registration No. 333-115953), filed with the Commission on May 27, 2004, its
Registration Statement on Form F-3 (Registration No. 333-121316), filed with the
Commission on December 16, 2004, its Registration Statement on Form F-3 (Registration No.
333-127615), initially filed with the Commission on August 17, 2005, its Registration
Statement on Form S-8 (Registration No. 333-128106), filed with the Commission on
September 6, 2005, its Registration Statement on Form F-3 (Registration No. 333-130324),
filed with the Commission on December 14, 2005, its Registration Statement on Form F-3
(Registration No. 333-135742), filed with the Commission on July 13, 2006, its
Registration Statement on Form S-8 (Registration No. 333-140786) filed with the Commission
on February 20, 2007, its Registration Statement on Form F-3 (Registration No.
333-142320), filed with the Commission on April 24, 2007, its Registration Statement on
Form S-8 (Registration No. 333-149034) filed with the Commission on February 4, 2008, its
Registration Statement on Form S-8 (Registration No. 333-149575), filed with the
Commission on March 6, 2008 and its Registration Statement on Form F-3 (Registration No.
333-153667), filed with the Commission on September 25, 2008.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
ON TRACK INNOVATIONS LTD.
(Registrant) By: /s/ Oded Bashan Oded Bashan Chief Executive Officer and Chairman |
Date: November 17, 2008
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Press Release |
OTIs Smart Sticker Travels to New Zealand with Air New Zealands
Revolutionary Domestic Check-in
Fort Lee, NJ, Auckland, New Zealand November 17, 2008 On Track Innovations Ltd. (OTI) (NASDAQ GM: OTIV), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, has supplied Air New Zealand, New Zealands national airline, with OTIs Smart Stickers to help frequent travelers on New Zealand domestic flights check-in and board faster.
On November 3 rd , Air New Zealand made significant changes to its domestic check-in processes including the first of several major terminal improvements around the country starting at its biggest domestic port of Auckland.
The changes include a new state-of-the-art check in and boarding experience, introducing a new layout and design, new kiosks that enable customers to print their own bag tags, a direct to conveyor belt bag drop zone to eliminate queues, new gate scanners for straight to gate check in and boarding for customers without bags and several new technological enablers for frequent flyers.
In Addition, Air New Zealand distributed approximately 100,000 customized OTI Smart Stickers to its most frequent domestic travelers to be attached to the back of their mobile phones, which will serve as a permanent and reusable boarding pass. Frequent flyers simply present his or her smart sticker-enabled mobile phone to specially equipped kiosks or gate scanners, and their information is immediately retrieved, making the boarding process paperless.
OTIs smart sticker is an entirely self-contained, contactless payment device that adheres to multiple surfaces including mobile phones, PDAs and more. The special configuration and adhesive on the back of the smart sticker makes it easy to attach to any surface, be it metallic, plastic or other. This feature enables issuers to add contactless payment capabilities to existing mobile devices independent of the handset type and model. For the time being, the Air New Zealand program will not be utilizing the stickers payment capabilities. The OTI smart sticker serves to upgrade products already in circulation, providing a quick time-to-market, cost effective solution, which is expected to assist issuers in increasing market share.
Oded Bashan Chief Executive Officer & Chairman of OTI said: The Smart Sticker is one of the more exciting contactless products OTI has developed. By simply adding a contactless sticker to a mobile device, we provide the device with more capabilities, and the issuer with more ways to communicate with their customers and add to their product offering. Air New Zealand took it a step further by offering a unique product to its customers and providing them with a superior user experience in the boarding process.
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About OTI
Established
in 1990, OTI (NASDAQ- GM: OTIV) designs, develops and markets secure contactless
microprocessor-based smart card technology to address the needs of a wide variety of
markets.
Applications developed by OTI include product solutions for petroleum payment
systems, homeland security solutions, electronic passports and IDs, payments, mass transit
ticketing, parking, loyalty programs and secure campuses. OTI has a global network of
regional offices to market and support its products. The company was awarded the Frost
& Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.
For more information on OTI, visit www.otiglobal.com , the content of which is not part of this press release.
Safe Harbor for
Forward-Looking Statements:
This press release may contain
forward-looking statements within the meaning of the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995 and other Federal securities laws.
Whenever we use words such as believe, expect,
anticipate, intend, plan, estimate or
similar expressions, we are making forward-looking statements. Because such statements
deal with future events and are based on OTIs current expectations, they are subject
to various risks and uncertainties and actual results, performance or achievements of OTI
could differ materially from those described in or implied by the statements in this press
release. For example, forward-looking statements include statements regarding our goals,
beliefs, future growth strategies, objectives, plans or current expectations, such as
those regarding the superiority of our products and capabilities. Forward-looking
statements could be impacted by market acceptance of new and existing products and our
ability to execute production on orders, as well as the other risk factors discussed in
OTIs Annual Report on Form 20-F for the year ended December 31, 2007, which is on
file with the Securities and Exchange Commission. Although OTI believes that the
expectations reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurance that its expectations will be achieved. Except as
otherwise required by law, OTI disclaims any intention or obligation to update or revise
any forward-looking statements, which speak only as of the date hereof, whether as a
result of new information, future events or circumstances or otherwise.
OTI Contact: | Investor Relations |
Galit Mendelson | Paul Holm |
Vice President of Corporate Relations | portfoliopr |
201 944 5200 ext. 111 | 212 888 4570 |
galit@otiglobal.com | paulh@portfoliopr.biz |
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