OTI's Wholly Owned Subsidiary in Poland -- ASEC --- Wins Additional Award for 700,000 Multi-Application Contactless Cards From t

On Track Innovations Ltd (OTI), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced that its subsidiary in Poland, ASEC S.A., will provide the Transport Department of the City of Warsaw with 700,000 public transportation and street parking contactless e-tickets.
Warsaw residents use OTI's contactless cards for bus, tram, and metro rides, as well as for street parking. The contract award deliveries are expected to start this year. This is an additional award, bringing the total number of cards supplied for this program to 2.7 million.

As previously announced ASEC also serves as an e-ticketing operator for Warsaw City Card system and provides a sales network system, infrastructure, distribution service and maintenance for loading of transportation electronic cards around the city. Direct revenues are generated from transaction fees.

About OTI

Established in 1990, OTI 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 and loyalty programs. 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.
On Track Innovations Ltd
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