Seattle Investor to Ring NASDAQ Closing Bell
SEATTLE, Jan. 13, 2014
SEATTLE, Jan. 13, 2014 /PRNewswire/ --Washington and California business
owner, private investor and venture capitalist Jerry Ivy, Jr. will join other
On Track Innovations Ltd. (OTI) (NASDAQ: OTIV) leaders to ring the NASDAQ
Stock Market closing bell on Tuesday, Jan. 14.
Ivy has made significant investments in the software and technology industries
and is an OTI board member and major long-term OTI shareholder.
"Ringing the NASDAQ closing bell is an honor for me and the entire OTI
organization," said Ivy. "It signifies OTI's innovative solutions are broadly
recognized as streamlining business processes and adding significant consumer
OTI is a pioneer and leading developer of cutting-edge cashless, contactless
and near-field communication (NFC) payment solutions. OTI's products have been
deployed around the world to address NFC and other cashless payment solutions,
petroleum payment and management, cashless parking fee collection systems, and
mass transit ticketing.
A major marketplace innovation is OTI's proprietary WAVE solution, which adds
NFC, contactless payment and MIFARE (contactless smart cards) capabilities to
existing iPhone and Android mobile devices. Pairing the WAVE dongle with any
handset requires no expertise or special tooling. WAVE's contactless interface
supports contactless payment for MasterCard, Visa and other card associations,
debit and credit, e-Purse, mass transit ticketing, e-coupons, loyalty program
and healthcare applications. A video demonstration of the WAVE solution can be
viewed at: http://www.otiglobal.com/our-products/oti-wave/.
The closing bell ceremony is being held at NASDAQ's MarketSite in New York
City and will be webcast live online starting at 3:45 p.m. Eastern time via
this link: http://www.nasdaq.com/about/marketsitetowervideo.asx.
About Mr. Ivy:
Jerry L. Ivy, Jr., was elected to OTI's Board of Directors in December 2013.
Mr. Ivy brings 30 years of experience in diverse industries ranging from the
manufacture and nationwide distribution of personal items including cosmetics
and beauty products and of commercial items including restaurant equipment and
chemicals. Mr. Ivy has also actively traded commercial, agricultural, and
residential real estate throughout the western United States over the past
On Track Innovations Ltd. (OTI) is a leader in contactless and NFC
applications. OTI's field-proven innovations are based on an extensive IP
portfolio boasting 24 patent families and over 100 patents and patent
applications worldwide. OTI markets and supports its solutions through a
global network of regional offices and alliances. For more information, visit
Media Contact: Rochelle Olson, 509-438-0818
SOURCE Jerry Ivy
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