OTI's EasyPark Parking Solution Wins 2013 Bermuda TechAward for Most Innovative
New Mobile App
ROSH PINA, ISRAEL -- (Marketwired) -- 01/13/14 -- EasyPark, the
fully integrated parking fee collection and management solution
offered by Parx Ltd., a subsidiary of On Track Innovations Ltd. (OTI)
(NASDAQ: OTIV), a global leader in cashless payment solutions, has
won the Bermuda 2013 TechAward for "Most Innovative New Mobile App."
The annual TechAwards recognize the outstanding achievements being
made in information technology in Bermuda.
The EasyPark Mobile parking service solution was launched in Bermuda
in September 2013 by Agility Ltd., the local Parx franchisee.
EasyPark Mobile was recognized by the TechAward committee for its
truly innovative solution, which offers drivers three convenient ways
to pay for parking using their mobile phones, including text, phone
call or via smartphone application. In addition to making payments,
EasyPark Mobile allows drivers to set parking reminders, add money to
pre-paid accounts, manage long-term parking remotely, view parking
and billing history, and locate one's vehicle.
"Winning the 2013 Bermuda TechAward is a reflection of our ongoing
commitment to providing innovative and industry-leading cashless
payment solutions based on our patented technologies," said Ofer
Tziperman, OTI's CEO. "OTI's proprietary parking technology allows
municipalities to offer drivers a simple yet innovative parking
payment system, while increasing revenues and lowering overhead. In
fact, we have managed to expand EasyPark into 10 new municipalities
over the last six months, bringing our total deployments to 160
municipalities in 11 countries around the world."
Norris Ebbin, Agilty's director, commented: "We are really proud of
this achievement, which formally validates our service offering in
the Bermuda market only four months after the initial launch of
EasyPark Mobile in mid-September. This award reveals how quickly
EasyPark Mobile has joined the EasyPark in-vehicle parking meter as
the comprehensive parking solution of choice for Bermuda's parking
Parking enforcement in Bermuda is performed using gtechna's
Officer(TM) parking enforcement software, which is fully integrated
with the EasyPark Mobile service. "It was a pleasure to work with the
entire OTI team on the installation. The partnership between OTI and
gtechna creates a truly unique and world-class solution," said Sergio
Mastronardi, co-founder and CTO of gtechna.
The integration of gtechna's Parking Right Engine and the EasyPark
Mobile service allows Bermuda to easily enforce using the license
plate as a common delimiter. The solution supports all types of
payment methods from paperless residential or business permits, to
advanced methods like pay by plate and pay by mobile.
PARX Ltd. is a subsidiary of OTI that develops, markets,
operates and distributes advanced cashless parking solutions,
including the EasyPark(TM) system. For more information, visit
gtechna develops e-Citation software to automate law
enforcement, parking and municipal code enforcement. For over 20
years, gtechna has built an impeccable track record with cities such
as Pittsburgh, PA, Washington D.C., Baltimore, MD, and Montreal PD.
On Track Innovations Ltd. (OTI) is a leader in
contactless and NFC applications based on its extensive patent and IP
portfolio. OTI's field-proven innovations 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. OTI markets and supports its
solutions through a global network of regional offices and alliances.
For more information, visit www.otiglobal.com.
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. Because such statements deal with
future events and are based on OTI's 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
receipt of future consideration from the sale of OTI's SmartID
Division, OTI's long term growth and profitability, further
penetration of the NFC markets and execution of OTI's growth plans.
The forward-looking statements contained in this press release are
subject to other risks and uncertainties, including those discussed
in the "Risk Factors" section and elsewhere in OTI's annual report on
Form 20-F for the year ended December 31, 2012 and in subsequent
filings with the Securities and Exchange Commission. 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.
Scott Liolios or Matt Glover
Liolios Group, Inc.
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