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Wednesday, December 30, 2009, 4:08AM ET - U.S. Markets open in 5 hours and 22 minutes. Dow Down 0.02% Nasdaq  0.00%
On Track Innovations Ltd. (OTIV)On Dec 29: 1.31   0.00 (0.00%)  
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On Track Innovations Ltd.
ZHR Industrial Zone
PO Box 32
Rosh Pina,  12000
Israel - Map
Phone: 972 4 686 8000
Fax: 972 4 693 8887
Web Site: http://www.oti.co.il

DETAILS 
Index Membership:N/A
Sector:Technology
Industry:Semiconductor - Specialized
Full Time Employees:625

BUSINESS SUMMARY 
On Track Innovations Ltd. engages in the design, development, and sale of contactless microprocessor-based smart card technology products in the Americas, the Far East, Israel, Africa, and Europe. The company’s product lines include payments solutions, petroleum systems, and smart ID solutions. Its payments solutions include PayPass, a contactless payment program for financial institutions; E-purse, a product that enables a person to load pre-paid value on a card; EasyPark, an electronic parking payment system; and mass transit electronic payment system for fare collection from passengers in various types of mass transportation systems. The company’s petroleum systems comprise EasyFuel, a wireless petroleum solution that incorporates options for retail and private fleets, as well as a pay-at-the-pump solution; and gasoline management system that records and monitors the identity of the driver and the vehicle, the driver’s or fleet’s credit status, the vehicle’s fuel consumption, and other information determined by the customer, such as periodic vehicle maintenance. The company’s smart ID solutions include enrollment and personalization infrastructure consisting of image and data enrollment, ePassport personalization, secured materials management system, digital signature certificate generator, and ePassport quality assurance and issuing stations; border control system based on passenger biometric identification applications; and MediSmart to process and manage medical information, including patient’s identity, medical history, insurance coverage, and payment history. On Track Innovations Ltd. sells its products to original equipment manufacturers, as well as other cards manufactures and companies. The company was formerly known as De-Bug Innovations Ltd. and changed its name to On Track Innovations Ltd. in July 1991. On Track Innovations Ltd. was founded in 1990 and is headquartered in Rosh Pina, Israel.
Key Statistics

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    KEY EXECUTIVES 
     PayExercised
    Mr. Oded Bashan , 62
    Co-Founder, Chairman, Chief Exec. Officer and Member of Compensation Committee
    N/A N/A
    Mr. Ohad Bashan , 38
    Pres, Chief Marketing Officer, Director, Chief Exec. Officer of Oti America Inc., Pres of Oti America Inc. of Oti America Inc
    N/A N/A
    Mr. Ronnie Gilboa , 53
    Co-Founder, VP of Projects
    N/A N/A
    Ms. Tanir Horn-Wekselman , 33
    Chief Financial Officer
    N/A N/A
    Mr. Moshe Aduk , 52
    VP of Gasoline Management System
    N/A N/A
    Dollar amounts are as of and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.


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