OTI Expands EasyFuel System to Consumer Market

  OTI Expands EasyFuel System to Consumer Market

   Innovative 'Moon Tag' Saves Time and Hassle at Pump for Everyday Drivers

Business Wire

ROSH PINA, Israel & CAPE TOWN, South Africa -- February 3, 2014

OTI Ltd. (NASDAQ:OTIV), a global leader in cashless payment solutions,
announces that OTI PetroSmart, its wholly owned subsidiary and a global Value
Added Reseller (VAR) of petroleum equipment, has introduced an innovative new
smart vehicle ‘Moon Tag’ that expands the use of its 'EasyFuel Plus' system to
the consumer market.

OTI PetroSmart’s half-moon shaped “Moon Tag”, located above a car’s fuel
inlet, allows for an easy, ...

OTI PetroSmart’s half-moon shaped “Moon Tag”, located above a car’s fuel
inlet, allows for an easy, fast and safe cashless transaction once connected
to the Moon Tag reader. (Photo: Business Wire)

OTI's petroleum payment solutions have already been deployed in 43 countries,
more than 1,600 gas stations and over 100,000 commercial vehicles. EasyFuel
Plus provides Automated Vehicle Identification (AVI) services with its
contactless smart read-write tag mounted around the fuel inlet of the vehicle.
When a fuel nozzle fitted with the OTI contactless reader is inserted into the
vehicle's fuel inlet, contactless communication is established automatically.
Once the vehicle's payment card details are verified, fuel can be dispensed.

At its introduction, the 'EasyFuel Plus' system served commercial fleet owners
by automating the fuel payment process, saving time and preventing fraud. This
next evolution of the system expands into the private sector so consumers can
settle payment automatically without swiping their credit card or paying in a
convenience store. Additionally, loyalty points can be awarded automatically
per each refueling.

For the oil companies, 'EasyFuel Plus' is the ultimate loyalty system.
Consumers will return to branded stations with the EasyFuel Plus feature for
its ease of use and loyalty points.

For the consumer market, OTI developed a low-cost vehicle tag that is easily
installed on any vehicle. The Moon Tag moniker comes from its 'one-fits-all'
shape.

"We are very excited about our new 'Moon Tag' solution as it opens up also the
huge retail market opportunity for the EasyFuel system", said Charlotte
Hambly-Nuss, managing director for OTI PetroSmart. "We are hitting the ground
running with a keen interest from the retail gas station market, since this
product is being recognized as a perfect loyalty offering by the oil companies
in their ongoing battle to improve services and retain customers. With this
solution we can drastically increase our market reach in addition to the
commercial market also to the retail market."

“OTI PetroSmart is one of the important growth engines in the OTI Group,” said
Ofer Tziperman, CEO of OTI. “The recent strategic agreements with the major
gas pump manufacturers are now being complemented with a solution that
perfectly addresses the expansive retail market. This opens up significant
opportunities for us in the developed markets around the world. This system is
yet another example of how a contactless NFC solution can create a new payment
method for a huge market used daily by everyone everywhere."

Moon Tag Features

  *As with all OTI’s vehicle tags, the Moon tag also incorporates a mechanism
    to tune the reading range between the RF nozzle unit (RFN) and the tag to
    ensure that fuel can be dispensed only to the specific vehicle's fuel tank
    and to avoid any option for a fraudulent 'side fueling.'
  *The Moon Tag incorporates a sophisticated self-destruct feature that
    renders the device inoperable if tampered with.
  *OTI’s AVI Solutions support full read/write functionality and extensive
    application parameters can be supported by the Moon Tag.
  *OTI’s configurable implementation approach ensures maximum security and
    flexibility. OTI’s communication protocol, data encryption and message
    authentication ensures that its devices, including the Moon Tag, meet the
    security criteria of issuers.

About OTI

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.

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. 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.

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Contact:

OTI PetroSmart:
Charlotte Hambly-Nuss
Managing Director
Charlotte@oti-africa.co.za
or
Press:
Paula Suita, Rainier Communications
psuita@rainierco.com
or
Investors:
Liolios Group, Inc.
Scott Liolios or Matt Glover
949-574-3860
otiv@liolios.com
 
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