On Track Innovations Ltd.: erhält Folgeauftrag

Quartalszahlen interessieren mich nicht mehr so wie früher. Das liegt wohl daran, dass wir alle nichts positives erwarten. Woher auch, wenn vorher kein großer Auftrag gemeldet wird?

Fairer Weise muss gesagt werden, dass ein gleichbleibender Umsatz aktuell schon als positiv zu werten ist. Wo solls derzeit herkommen?  

und kein Abstürzen in weitere Tiefen? Ist die allgemeine Meinung: Schlimmer gehts nimmer?  

Umsatz im ersten Quartal 2009 gleich wie im Vorjahr. Wie haben die das nur geschafft?!
Verluste fast halbiert.  

* Total revenues for the first quarter were $9.3 million, similar to
  the first quarter of 2008.

* Gross margin for the first quarter increased to 46% compared to 32%
  in the same quarter last year.

* Strong balance sheet with $25.8 million in cash, cash equivalents
  and short term investments.

* Non-GAAP operating expenses for the first quarter were
  $7.2 million, compared to $7.3 million in the same quarter last
  year. Operating expenses for the first quarter on a GAAP basis were
  $8.4 million, a 10% decrease compared to $9.3 million in the first
  quarter of 2008.

* Non-GAAP operating loss for the first quarter was $2.8 million,
  a 34% decrease compared to $4.3 million in the same quarter last
  year. Operating loss for the first quarter on a GAAP basis was
  $4.1 million, a 36% decrease compared to $6.3 million in same
  quarter last year.

* Non-GAAP net loss for the quarter was $2.6 million, a 46% decrease
  compared to $4.8 million in the first quarter of 2008. GAAP net
  loss for the first quarter


Na wie zu erwarten Umsatz gleich wie letztes 1Q
Ausgaben gleich  weniger Verlust als letztes Jahr
25,8 Mio USD Geldmittel




Oded Bashan, Chairman and Chief Executive Officer of OTI, said: ``Our first quarter results are in line with OTI's strategy to focus on improved margins, reduction in operating expenses, specifically in R&D and G&A, and the continued focus on marketing and sales, all resulting in further decrease in the operating loss and in the level of cash burn. Our target is to further reduce operating expenses on a non-GAAP basis to reach $25 million annually.''

Following the disclosure made by the company in its 2008 annual results filed with the Securities and Exchange Commission on March 24, 2009, on Form 6-K that the company may recognize an impairment charge against its goodwill and other intangible assets (amounting to $28.1 million), the company recently completed impairment testing as of December 31, 2008, according to which OTI will record a $25.6 million impairment charge, of which $24.2 million and $1.4 million for goodwill and intangible assets, respectively. The goodwill impairment charge was driven by the decline in OTI's stock price and the deteriorating global economy. The impairment charges are noncash accounting adjustment to the Company's balance sheet and profit and loss report, that do not affect cash flow, liquidity or OTI's non-GAAP results. The impairment charges will be reflected in OTI's audited GAAP financial consolidated results as of December 31, 2008 attached to Form 20-F to be filed with the U.S. Securities Exchange Commission and are reflected in the reports attached below.

Further to the disclosure made by the company in December 2008 regarding the share repurchase program, the Israeli District court approved the repurchase by the Company of its ordinary shares in a total amount of up to $2 million. OTI's Board of Directors will further discuss the program details, conditions and scope, all subject to regulatory requirements. However, as reported previously, the Company is not obligated to acquire any specific number of shares, and the program may be suspended or discontinued at any time.  

Kontaktloser Sticker UND Saturn 6000 Lesegerät,
Projektstart in Bursa, 2,5 Mio. Einwohner,
hier die Veröffentlichung:

E-Kent Offers Innovative Payment Solution for Mass Transit Ticketing Using OTI Contactless Payment Products
OTI Provides Contactless Smart Stickers for Mobile Devices and Saturn 6000 Contactless Readers

On Tuesday June 2, 2009, 8:00 am EDT
Related:On Track Innovations Ltd.

FORT LEE, N.J. and ISTANBUL, Turkey, June 2, 2009 (GLOBE NEWSWIRE) -- On Track Innovations Ltd. (OTI) (NasdaqGM:OTIV - News), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced that it has been selected by E-Kent, a leading AFC (automatic fare collection) company in transportation in Turkey, to provide transportation payment solution, based on OTI's Smart Sticker product and Saturn 6000 contactless reader.

OTI's payment solutions enhanced E-Kent's newly adopted strategy that calls for making alternative distribution channels for E-Kent's main transportation payment vehicle. The initial contract is for a pilot in the Bursa, a city with a population of 2.5 million residents and is expected to grow to other cities in Turkey. OTI's payment solution offers a unique payment experience for mass transit. In Bursa, buses serving the area will be equipped with the new system which allows customers to use their cell phones or other mobile devices for both transit and payment.

In Bursa, payments by cell phone are enabled by OTI's contactless Smart Sticker. The sticker is an entirely self-contained, contactless payment device that adheres to multiple surfaces including mobile phones, PDAs and more. Payments are made by placing the smart sticker a few inches away from OTI's Saturn 6000 contactless reader.

OTI provides its Saturn 6000 contactless reader -- an exceptionally fast reader with built in encryption capabilities developed to address the specific needs of the global contactless markets and the enhanced security required in EMV markets. The Saturn 6000 is the first reader to be certified for EMV and ISO 14443 PayPass version 1.1 required by MasterCard starting this year. The Saturn 6000 contactless reader is a leading cost-to-performance contactless reader in the market today, certified by the major financial institutions.

Oded Bashan, Chairman and CEO of OTI, commented: ``We are pleased with E-Kent's decision to select OTI's payments suite of products for their transportation customers.''

About OTI

Established in 1990, OTI (NasdaqGM:OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.

For more information on OTI, visit http://www.otiglobal.com.

The On Track Innovations Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5736

Safe Harbor for Forward-Looking Statements:

This press release contains 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. 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. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations, such as those regarding the performance of E-Kent's programs and the improvements that OTI's contactless solutions will lead to, the potential market thereof and expected revenues therefrom, the expected growth of the contract with E-Kent to other cities in Turkey, and regarding the superiority of our products and solutions. Forward-looking statements could be impacted by market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2007, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its 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.

Contact:
         On Track Innovations Ltd.
         Galit Mendelson, Vice President of Corporate Relations
         201 944 5200 ext. 111
         galit@otiglobal.com  

LOL  

Fort Lee, New Jersey, June 9, 2009 – On Track Innovations Ltd, (OTI) (NASDAQ-GM: OTIV), today announced that its subsidiary, PARX Ltd., is expanding its parking solution which includes the EasyPark in-vehicle electronic parking solution in Italy, with the addition of the northern municipalities of Asti, Bra and Rivarolo Canavese. All three municipalities are located in proximity to Turin, one of the largest cities in Italy. EasyPark was introduced by PARX and Neos Tech in Italy in late 2008 under the name Neos Park.

Roberto Russo, Bra’s Transportation Local Councilor commented: “Bra has decided to be among the first cities to adopt Neos Park in order to meet its citizens’ needs. Neos Park is a useful system with which one may pay only for the exact amount due, eliminating the need to look for coins and parking meters and getting rid of the anxiety of having to return to the car because the pre-paid time expires. It is a cost effective and a very convenient solution”.

Esther Cobos, CEO of Neos Tech S.r.l. commented: “In Alessandria, where Neos Tech first launched Neos Park, the system has quickly reached 5% penetration rate out of the vehicles in the city. In a survey conducted by Neos Tech, 100% of users described their experience with Neos Park as very positive, indicating among main benefits: “you save money”, “it’s practical and simple”, “you pay only for the exact time you park”, and more.”

Mrs. Cobos continued: “Through the use of advanced contactless payment technology we ensure more efficiency to parking operators and we simplify drivers’ life”.

Commenting on the expansion, Oded Bashan, OTI’s Chairman and CEO, said “Expanding PARX’s parking solutions to new municipalities is a testimony of the program’s success. The project in Italy is another step in our efforts to launch PARX’s parking solutions in various global markets. The project is based on our patented technology, offering a user friendly, easy to operate solution with a proven business case. The project in Italy demonstrates again our strategy of focusing on projects generating product sales followed by growing high-margin recurring revenues via transaction, licensing or royalty fees.”

Using Neos Park the driver pays only for the actual parked time. To activate Neos Park the driver turns on the contactless unit and places it in the car window. Upon returning, the driver turns the device off. This creates a uniquely convenient user experience by eliminating the need for cash, change, and saving the time looking for parking meters. Neos Park can be used for both on-street parking payments and for parking lots. Neos Park provides detailed reports to the municipality in order to better manage and monitor parking patterns across town. The parking system is able to support multiple rates, cities, tariffs in a modular, scalable and easy to implement way.  

ing Automated Refueling to One of the World's Largest Container Terminals
OTI Receives Follow-On Order From One of the Largest Container Terminal Operators in the Southern Part of China
Press Release
Source: On Track Innovations Ltd.
On Monday June 22, 2009, 8:00 am EDT
      Buzz up! 0 Print
FORT LEE, N.J., June 22, 2009 (GLOBE NEWSWIRE) -- On Track Innovations (OTI) (Nasdaq:OTIV - News), a global leader in contactless microprocessor-based smart card solutions, today announced that it has received a follow-on order to supply its EasyFuel Fuel Management System to one of the largest container terminal operators in the southern part of China. The new installation, managed together with Armitage Technologies Ltd, the local system integrator for this project, comes after a successful pilot implementation which demonstrated that OTI's EasyFuel solution is relevant across a number of market sectors, including retail and commercial fueling as well as the industrial and mining sectors.

In a port environment, it is essential to ensure that all vehicles and plant equipment can be refueled on a timely basis and are operating efficiently. Quality fuel management reports are therefore critical in order to optimize the performance of vehicles and equipment.

In the new application of OTI's EasyFuel wireless solution, products have been customized to fit the harsh environmental conditions in the ports and to ensure the solution is reliable and durable and requires minimum long-term maintenance. The solution has been integrated with a Point-of-Sale (POS) system. The integrated solution is mounted on mobile bowsers and is used to control the dispensing of fuel into the plant equipment at any location in the port. With the plant equipment fitted with the EasyFuel VID (Vehicle Identification Device), nozzle-to-tank security is guaranteed at refuel, with vehicle operational data being automatically captured for subsequent management reporting.

A typical port site includes a large number of devices and equipment to automate the site. It can range between the equivalent of about 10-20 gas stations and about 1,000-5,000 vehicles, all depending on the size of the site and operation.

Oded Bashan, Chairman & CEO of OTI, commented, "We believe EasyFuel offers great value to many markets, including the refueling of immobile plant equipment. EasyFuel offers the perfect tool to gather, control and process information, and it is easy to implement and maintain in the different environments."

OTI's wholly owned subsidiary, OTI Africa, is responsible for implementation, training and support of this project.

EasyFuel is easy, quick and cost-effective to install and maintain and the solution enables a fast turnaround at the pump. The EasyFuel system has built-in benefits for oil companies, commercial fleet operators, financial institutions, and private motorists. The oil companies build loyalty with fleet companies via long-term contracts, as well as with private motorists. The OTI solutions are easily integrated into existing hardware and software systems. The system allows for 24-hour non-attendant sales, as well as greater in-store purchases. Fleet companies eliminate non-authorized fueling and receive comprehensive billing and detailed operating information. The financial institutions benefit from new transaction fees and greater cash flows. Retail customers receive 24-hour, fast, cashless service and loyalty program rewards.

About OTI

Established in 1990, OTI (Nasdaq:OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications offered by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards. For more information on OTI, visit www.otiglobal.com.

The On Track Innovations Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5736

Safe Harbor for Forward-Looking Statements:

This press release contains 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. 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. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations, such as statements related to the superiority of the EasyFuel system, the potential market thereof or the expected benefits to users of the EasyFuel system (that depend on the deployment and use thereof). Forward-looking statements could be impacted by market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2007, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its 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.

Contact:
On Track Innovations Ltd.Galit Mendelson, Vice President of Corporate Relations201 944 5200 ext. 111galit@otiglobal.comMS-IR LLCInvestor Relations:Miri Segal917-607-8654msegal@ms-ir.com       Buzz up! 0 SendSharePrintShare this page
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Drei Aufträge im Juni. Drei Aufträge pro Monat und uns würde es schwindelig, so würde der Kurs hoch gehen :-)
N´bisschen Umsatz bräuchten wir dann auch noch.

Gruß
März  

HSBC Bank A.S. Launches 'Advantage Hizz' Contactless Payments Program Using OTI Product Solutions
OTI Supplies Contactless Payment Devices Such as Key Fobs, Smart Stickers and Saturn 6000 Contactless Readers
Press Release
Source: On Track Innovations Ltd.
On Monday June 29, 2009, 8:30 am EDT
      Buzz up! 0 Print
Companies:On track innovations ltd.
FORT LEE, N.J. and ISTANBUL, Turkey, June 29, 2009 (GLOBE NEWSWIRE) -- On Track Innovations Ltd. (OTI) (Nasdaq:OTIV - News), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced that HSBC Bank A.S. which serves the Turkish market and is a member of the HSBC group, selected OTI's contactless payments product suite for HSBC's MasterCard PayPass program named 'Advantage Hizz' ("Fast" in Turkish). Initial orders for contactless payment devices such as key fobs and smart stickers have already been received.

Related Quotes
Symbol Price Change
OTIV 1.54 0.00


{"s" : "otiv","k" : "c10,l10,p20,t10","o" : "","j" : ""} HSBC advertises Advantage Hizz as "the fastest way of advantageous shopping, relieves you from signature and password formalities on purchases of less than 35 Turkish Lira (around $20 US)". On top of the traditional credit card form factor, HSBC offers "credit card in the form of key fob and sticker. You can accelerate your shopping process by choosing the card that is convenient for you." Advantage Hizz form factors can be accepted in 4,000 quick-serve restaurants and cafes, convenient stores, book & music stores, accessory stores, groceries and supermarkets. HSBC is targeting technology savvy young professionals and university students.

OTI is a leading supplier of contactless payment technology to the advanced Turkish contactless payments market offering payment devices and contactless readers. OTI's Smart Sticker is an entirely self-contained, contactless payment device that adheres to multiple surfaces including mobile phones, PDAs and more. Designed with unique materials and IP, OTI's Smart Sticker has printing and durability that matches regular (ID1) size cards.

OTI's Key Fob is a complete solution designed to meet the card associations' requirements. OTI's extensive experience provides a secure, reliable and cost effective way to bring contactless solutions to the market in any form factor needed. OTI's solutions meet the stringent security requirements of the payments industry, while also providing the speed and convenience that is essential for contactless transactions.

Oded Bashan, CEO & Chairman of OTI, said: "HSBC A.S. is another customer in the advanced Turkish market using OTI's contactless payment products. We believe that OTI's unique and innovative product offering will assist HSBC in successfully introducing the Advantage Hizz contactless program  

wobei die letzte aus der Türkei die schönste ist. Nicht nur Studenten (siehe Artikel) finden diese Bezahlsystem gut, sondern viele Jugendliche. Wenn das in Deutschland angeboten würde, dann wäre das der Renner. Das passt nämlich so richtig ins coole Handyzeitalter.  

ob wir diesmal die 1,7 $ knacken. Normal wäre allerdings leider das Sommerloch.  

Akbank of Turkey Selects OTI Reader Products to Support Its Contactless Payments Program
Readers Installed At Selected Retail Locations Including Carrefour Stores

Press Release
Source: On Track Innovations Ltd.
On Monday July 13, 2009, 8:00 am EDT

FORT LEE, N.J. and ISTANBUL, Turkey, July 13, 2009 (GLOBE NEWSWIRE) -- On Track Innovations Ltd. (OTI) (Nasdaq:OTIV - News), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced that Akbank of Turkey, a leader in the growing Turkish Banking Industry, has selected OTI's Saturn 6000 reader for its newly-launched MasterCard PayPass contactless program. The initial orders are for 3,500 readers with follow-on orders expected this year with readers installed at selected locations across the country such as Carrefour 23 stores.

Akbank's newly-launched MasterCard PayPass credit card offers contactless solutions to its clients. Holders of the bank's AxessExi26 and Axess cards, will enjoy the convenience of using contactless technology for all purchases under 35 Turkish Lira (around 20 USD) which will eliminate the burden of carrying and handling small change and of signing for their shopping.

OTI's Saturn 6000 reader is stylishly designed, available in multiple colors with a large LCD display, allows for configurable images, and programmable lines of characters in multiple languages. Its plug-and-play design and small footprint allows for easy installation and multiple configurations -- the reader can be placed on a countertop, be wall-mounted or lie flat. The Saturn 6000 reader supports major financial contactless programs including ISO 14443 Payment Implementation (EMVCo), MasterCard PayPass Mag Stripe and M/Chip (EMV), Visa PayWave MSD and qVSDC (EMV), American Express ExpressPay, Discover Zip, MIFARE, NFC and other proprietary systems.

Mine Konuman, Akbank Executive Vice President for payment systems, said: "When the pilot project now underway is completed, we intend to expand the contactless technology to the entire range of our credit card products. Akbank's aim is to increase its strength in all markets involving minor purchases through its contactless technology products."

Oded Bashan, CEO & Chairman of OTI, said: "We are happy with the selection of OTI products by Akbank and are committed to provide excellent support. OTI is looking forward to continue and support the growing Turkish contactless payments market with range of contactless products."

About OTI

Established in 1990, OTI (Nasdaq:OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.

For more information on OTI, visit www.otiglobal.com, the content of which is not part of this press release.

The On Track Innovations Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5736

About Akbank

With a strong and extensive distribution network throughout Turkey with over 860 branches and 15,000 employees, Akbank is a leader in consistently growing Turkish Banking Industry. Akbank's strong capital base, stable deposit structure, ability to generate low-cost funding and robust growth in total assets have positioned Akbank among the most profitable financial services institutions across Europe. Some of the Akbank's local subsidiaries are Ak Securities, Ak Asset Management and Ak Lease.

Safe Harbor for 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. 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. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations, such as those regarding the expected follow-on orders from Akbank, or those related to our expectation to continue and support the growing Turkish contactless payments market with range of contactless products. Forward-looking statements could be impacted by market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2008, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its 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.  

bei 1,6 $. Was meint ihr?  

nur rechne ich zum herbst hin wieder mit sinkenden Kursen, außer die fangen mal an Gewinne zu machen,
was ja nach mehr als 10 Jahren mal Zeit wäre, die letzten Aufträge sollten doch ein bißchen Geld in die
Kassen spülen, bin gespannt, ob sich das schon in dem nächsten halbjahresbericht schon sehen läßt.  

OTI nennt das erst Mal Umsatzzahlen für ein gewonnenes Projekt.
Mehr als 10 Mio. $ für die kommenden fünf Jahre.
Beginnt jetzt bei OTI eine neue Kultur?
Mehr Offenheit, mehr Informationen, mehr Erfolg?

Hier der Bericht:


OTI's Wholly Owned Subsidiary in Poland -- ASEC -- Completes the First Stage of Infrastructure Installations for Warsaw City Card

Press Release

Source: On Track Innovations Ltd.
On Monday July 27, 2009, 8:00 am EDT


* OTI Acts as an e-Ticketing Operator
* More than 100 Loading Points (including Ticket Vending Machines and
  Terminals) Have Been Installed
* Direct Revenues Generated from Transaction Fees Are Expected to
  Aggregate More Than $10 Million Over the Next 5 Years

FORT LEE, N.J., July 27, 2009 (GLOBE NEWSWIRE) -- On Track Innovations Ltd. (OTI) (Nasdaq:OTIV - News), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced that its subsidiary, ASEC S.A. ("ASEC") in Poland, has completed the first stage of the infrastructure installations for Warsaw's City Card, which is a multi-application system using contactless cards. OTI acts as an e-ticketing and parking operator for Warsaw City Card for the Transport Department of the City of Warsaw.

OTI provides a sales network system, infrastructure, distribution service and maintenance for loading transportation and parking electronic cards around the city. Infrastructure for the project includes hundreds of automated ticket vending machines and terminals installed in subway and train stations, buses and tramway transfer hubs and in areas frequently visited by tourists. The completion of this stage allows OTI to accelerate the direct revenues generated from transaction fees which are expected to aggregate more than $10 million over the next 5 years.

Oded Bashan, Chairman and CEO of OTI, commented: "This project strengthens OTI's position as a professional and efficient operator, by meeting and exceeding the city's requested timetable."

About OTI

Established in 1990, OTI (Nasdaq:OTIV - News) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking and loyalty programs. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.

For more information on OTI, visit www.otiglobal.com, the content of which is not part of this press release.

The On Track Innovations Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5736

Safe Harbor for 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. 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. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations, such as those regarding the expected direct revenues to be generated from transaction fees from the Warsaw's City Card system and the expected timing for generating such revenues. Forward-looking statements could be impacted by market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2008, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its 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  

aber sie verbrennen nach wievor zuviel cash. Diese neuen Aufträge werden, daß hoffentlich deutlich bremsen können, aber es sind nur 2 Mio USD pro Jahr, das verbrauchen die leider pro quartal.
Die Frage ist auch wie hoch die Aufwände sind.
Aber das minus am Jahresende sollte durch die ständigen Aufträge doch wesentlich geringer sein als 2008
Net los war im 1 Q 09 2,6 Mio daher glaube ich noch nicht an ein positives Jahr

was meint Ihr dazu?  

ich gebe dir komplett recht. Ein Plus von 2 Mio. $ pro Jahr Dank diesem Projekt aus Polen ist nicht gerade viel. Es ist aber mehr an Umsatz, als die vielen Meldungen von neuen Projekten der letzten Zeit. Insgesammt stimmt es mich aber besser, dass diese neuen Projekte die Chancen für größere Umsätze in der Zukunft bringen. Lange und bange Monate hörte man nichts. Jetzt wird und kann offensichtlich über Erfolge am Markt berichtet werden.

Unabhängig davon ist natürlich die Kostensituation, welche weiterhin zu hohen Verlusten geführt hat. Ich hoffe, hier kann OTI das Steuer herumreißen. Angekündigt wurden schließlich Anstrengungen hierfür. Falls die Kosten nicht reduziert weren können, helfen nur Großaufträge. Der Umsatz müsste dann um mehr als 50%, womöglich 80% angehoben werden. Und auf diese Großaufträge warten wir ja alle.  

Offensichtlich wird in der Knesset in dieser Woche über die Einführung von Biometrischen ID-Cards in Israel gesprochen.  

Project von OTI, die haben die ID Karten für die Gastarbeiter, die jeden Tag über die Grenze kommen
gemacht. Damit verkürzte sich die Einreisezeit trastisch.  

um den Austausch aller Personalausweise und Reisepässe der Israelis.  

Viel positives erwarte ich mir nicht


FORT LEE, N.J., Aug. 19, 2009 (GLOBE NEWSWIRE) -- On Track Innovations Ltd., (OTI) (Nasdaq:OTIV - News), a global leader in contactless microprocessor-based smart card solutions, for homeland security, payments, petroleum payments and other applications, announced today that it will report first half 2009 financial results on Tuesday, August 25, at 9:00 a.m. Eastern Daylight Time. The Company has scheduled a conference call and simultaneous webcast that will be hosted by Oded Bashan, Chairman and CEO, Ohad Bashan, President, and Tanir Horn, CFO. To participate, call:  

wohl eher, ob der Umsatz gehalten werden konnte. Ich hoffe, dass wenigstns dieses Minimalziel erreicht wurde. Schließlich stecken wir noch in der Wirtschaftskrise. Es wurden in der letzten Zeit zwar kleinere Projekte erzielt. Diese ergeben aber noch keinen größeren Umsatz. Das dürfte mit diesen noch einige Jahre dauern.
Das Hauptaugenmerk müsste und wird die Senkung der Kosten sein. Hier bin ich gespannt, wie OTI voran gekommen ist.  

http://finance.yahoo.com/news/...2009-pz-2041568352.html?x=0&.v=1  

Weniger Umsatz, weniger Verluste, aber immer noch Verluste. Umsatzziel ist bis Jahresende erheblich reduziert.

Die doch prozentual erheblichen Kostenreduktion stimmt mich positiv, da Maßnahmen zu Kostenreduktionen meistens Zeit brauchen, bis sie sich positiv auswirken. Bei weiteren Kostenreduktionen bräuchten wir noch einen dicken Auftrag.