6/23/14

june 5, 2014 oti Lands Five-Year Arlington County Cashless Parking Contract

EasyPark from oti will help county better manage more than 5,000 parking spaces; allows drivers to skip meters and pay only for the time they are actually parked 
ARLINGTON, VA, ROSH PINA, ISRAEL – June 5, 2014 – On Track Innovations Ltd.(oti) (NASDAQ:OTIV), announced today it has signed a five-year contract to help manage more than 5,000 on-street parking spaces in Arlington County, Virginia. Arlington County was one of the first areas in the US to adopt cashless parking solutions. oti’s EasyPark in-vehicle parking device will replace the county’s existing iPark system.
“The Arlington County Treasurer’s office looks forward to working with oti to provide the motorists of Northern Virginia with a convenient, low-cost on-street parking solution that will meet their needs now and in the future,” said Arlington County Treasurer Frank O’Leary.
The agreement includes general and financial management services, parking fees collection, and customer support services.
“It’s an exciting time for oti as we begin working with Arlington County, augmenting our strong presence abroad with more and more customers in the US. It’s all part of our continuing strategy of entering long-term public/private partnership contracts for municipal parking management,” said Ofer Tziperman, CEO of oti.
Arlington County will begin deploying EasyPark devices early next month. Using EasyPark is simple: The user loads the device with funds through a bank account, and then activates the device and hangs it inside the vehicle while parked. Payment is automatic, and the user is charged only for the actual time spent in the parking space. The system eliminates overpayments to meters, “meter feeding,” and drivers having to walk to a central ticket dispenser and payment device.
EasyPark is already deployed in a variety of other US cities, including Austin, Texas, Manchester, Portsmouth and Dover, New Hampshire, and is in several more pilots across the nation. Since its introduction globally 15 years ago, EasyPark has been deployed in more than 160 municipalities worldwide. oti has sold more than 1,000,000 in-vehicle parking meter devices worldwide since introducing EasyPark.
About otioti 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.
Safe Harbor for Forward-Looking Statements 
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions, we are making forward-looking statements. 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. Forward-looking statements include statements on the successful implementation of our strategy of entering into long-term public/private partnership contracts for parking management, or the successful execution and implementation of the Arlington parking project. Forward-looking statements could be impacted by the effects of the protracted evaluation and validation periods in the U.S. and other markets for contactless payment cards, market acceptance of new and existing products and our ability to execute production on orders, as well as other risks and uncertainties, including those discussed in the “Risk Factors” section and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2013, and in subsequent filings with the Securities and Exchange Commission. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be achieved. 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.

6/2/14

Monetize your parking assets - PPP projects

With the growing number of cars entering crowded city centers, parking management becomes a critical issue. Parking management is essential for the effective control  of the city's limited p
Moscow -parking _chaosarking resources. Needless to say parking fees can also become a major source of funds for improving traffic and parking infrastructure and providing better service for the community. Charging for parking therefore increases parking availability, improves the infrastructure and generate fund for the common good . Charging for parking can be also socially justifiable as parking fees are paid by car owners who can usually support the expense and in fact ought to carry the cost of using and maintaining public property ( "on street" parking spaces )
In order for a parking management program to become successful it has to meet some very strict criteriaParking _chaos _2
  • Fairness - Drivers and residents should feel that the system in place serves their best interests and not used as just a tools for collecting additional funds for the city or as an another tax
  • Convenience - There must be a minimum of additional effort made by the driver in using the system
  • Efficiency - The system has to be managed in the most efficient manner otherwise the fee collected will not cover the cost of operations!
Leveraging on it comprehensive product line , operational experience , managerial capabilities and financial skill we are able to provide our customer with the best possible solution totally tailored to their specific requirements
Call us to discuss your options !


oti Opens Albanian Parking Market with PARX’s EasyPark System




ROSH PINA, ISRAEL – May 29, 2014 – PARX Ltd., a subsidiary of On Track Innovations Ltd. (NASDAQ:OTIV), announced today it has signed a 20-year contract to help manage the parking operations for Elbasan, a city in central Albania. PARX will work with its Albanian partner, TIS Ltd., on the project, which is that nation’s first paid parking solution.
The agreement includes general and financial management services, parking fees collection, enforcement, an advanced permit system and customer support. At its inception, the contract includes approximately 4,000 managed parking spaces, a number that is expected to increase during the term of the project.
“Our work in Albania is part of our continuing strategy of entering long-term public/private partnership contracts for municipal parking management,” said Ofer Tziperman, CEO of both oti and PARX. “PARX’s unique parking technology, EasyPark™, allows us to provide municipalities with an unequal value proposition in a market which we expect to exhibit spectacular growth in the very near future.”
“We are excited about the Elabasan project and our collaboration with PARX,” said Bashkim Shall, general manager for TIS. “We plan to expand this operation to additional cities in Albania over the coming months and years.”
“We introduced EasyPark 15 years ago in Israel, and we’ve sold more than 850,000 in-vehicle parking meter devices to date. In Israel, EasyPark is implemented in more than 45 cities where it has help collect more than $150 million in parking fees.” Tziperman added.  We have high expectations from the Albanian market representing the significant potential of new and emerging greenfield markets.  The unique combination of our in-vehicle parking meter together with our new complementary EasyPark Mobile solution will allow us to provide the best service to both municipalities and drivers in Albania,” Tziperman added.
About PARX Ltd.
PARX Ltd. is a subsidiary of oti that develops markets, operates and distributes advanced cashless parking solutions, including the EasyPark™ system. For more information, visit www.parxglobal.com

About TIS Ltd.
TIS Ltd., based in Tirana, serves the Albanian market with innovative solutions for home, business, and institutions. TIS has an exclusive partnership agreement with Panasonic for the region, providing  digital cameras, communications solutions, security systems, CCTVs, home appliances, personal care products and more.  For more information, visit www.TIS.al.
About OTIOn 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.
Safe Harbor for Forward-Looking Statements 
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions, we are making forward-looking statements. 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. Forward-looking statements include statements regarding the successful implementation of our strategy of entering into long-term public/private partnership contracts for parking management, the successful execution and implementation of the Elbasan parking project, the growth and expansion of our products into the Albanian market or in any other emerging greenfield markets or elsewhere in the near or long term, or achieving an increase of future revenues in such markets in the future. Forward-looking statements could be impacted by the effects of the protracted evaluation and validation periods in the U.S. and other markets for contactless payment cards, market acceptance of new and existing products and our ability to execute production on orders, as well as other risks and uncertainties, including those discussed in the “Risk Factors” section and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2013, and in subsequent filings with the Securities and Exchange Commission. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be achieved. 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.