OTI Becomes Exclusive Provider of Contactless Smart Card Infrastructure to Israeli Government Agencies

Volumes Estimated at US$1.5 Million

Rosh Pina, ISRAEL


ROSH PINA, Israel, March 11, 2002 (PRIMEZONE) -- OTI (GER:OT5) announced today that it has been awarded a major tender as the exclusive provider of contactless smart card-based readers for the Israeli government to provide secured access control. Volumes for the award are estimated at US$1.5 million. As a result of the award, the microprocessor-based contactless smart card readers developed by OTI will form the standard infrastructure for contactless smart card readers secured access control of the Israeli government. The first implementation will encompass current access control systems for government ministries and offices. Additional governmental institutes are expected to implement this platform as well.

OTI was chosen by the Israeli government for its access control secured platform on which to implement an access control solution. The tender sets OTI as the exclusive provider for contactless smart card readers in government ministries and offices. This is another significant stage in the massive deployment of OTI's technology infrastructure in Israel.

Positioned for government, airport, and information security sectors, OTI can securely support such applications as access control as well as identification solutions such as driver license, passport, or social security information that provide a superior platform to the worldwide growing security demand.

"The State of Israel is known worldwide for its focus on security. Selecting our solution to protect its government ministries, some of the most secure environments in the world, is yet another recognition of OTI's technological superiority," said Oded Bashan, Chairman, President and CEO of OTI. "We expect that this award will lead to OTI becoming the standard for other projects of this type and will enable OTI to implement further applications with these government ministries."

About OTI

Established in 1990, OTI (On Track Innovations) designs and develops contactless microprocessor based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for mass transit, parking, gas management systems, loyalty schemes, ID and secure campuses. OTI has regional offices in the US, Europe, Asia Pacific, and Africa to market and support its products. The company was awarded the prestigious ESCAT Award for smart card innovation in both 1998 and 2000. Visit OTI on the Internet at www.oti.co.il.



        

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