On Track Innovations Ltd.: erhält Folgeauftrag

Question-and-Answer Session

I would now like to address some of the comments and questions we have recently received from [unintelligible] about the second quarter and the outlook ahead. The first question states, “It appears that OTI has too many employees to support its current level of revenues. What are the company’s plans for employee staffing in order to control costs, yet maintain the workforce to enable revenue growth?”

Thank you for the question. The divestiture of Parx France and SmartID will reduce our headcount by approximately 33 employees and consultants, as well as reduce the costs associated with these operations. We are fully aware of the need to turn profitable as soon as practical and we are working in parallel to increase our sales and reduce costs.

Next question: “With the recent divestitures, how much cash is on the books and what are the plans for it?” Good question. As Shay mentioned, the $9.7 million in cash and cash equivalents and short term investments at the end of Q2 does not reflect the anticipated proceeds from the divestiture of our SmartID division that were initiated after the quarter’s end. Once the transaction closes, we expect to add an additional $10 million in cash to our balance sheet while eliminating the overhead from the SmartID operations.

Additionally, we also expect to receive up to an additional $12.5 million over time based on certain milestones and the future performance of the divested SmartID operations. We will also receive 25% of Parx France’s future profits on an EBITDA basis.

When the SmartID transaction closes, we will have a clear picture of our cash balance, which we plan to provide at that time.

In July, we also signed termination and supplement agreements with former OTI executives Ofer Bashan and Ohad Bashan. From the funds that were deposited in an escrow account for the employee benefits in 2012, OTI was returned $435,000 from this escrow account. From an accounting perspective, we expect to report other income of approximately $4 million in the third quarter of 2013.

Altogether, we plan to use our strengthened balance sheet to support organic and nonorganic growth in the fast-growing mobile cashless payment solutions market.

Next question is, “What is the company’s marketing strategy to produce future revenue growth?” Well, we see an immediate and growing need for our NFC and contactless readers. This demand is expected to accelerate over the next few years when more countries adopt NFC as an alternative to extensive and less-secure cash-based payment systems.

We also see growing demand for our Copni line of products to support NFC payments and [PKI] security methods. This strong demand, coupled with our fast-growing vehicle fueling and parking solutions, will help drive growth and ultimately profitability.

The next question is, “Do you expect to make any changes in the company’s poison pill defense?” Well, it is up to the board of directors and shareholders to define OTI’s shareholder rights plan and the management will surely execute their decisions. We will report any changes in our shareholder rights plan if and when [due].

Another question: “With pending legislation in the U.S. concerning so-called patent trolls, is OTI concerned as it divests various units? Is it possible to convey to the Street various rulings in the patent case?” Again, thanks for the question.

OTI is a practicing entity, not a patent troll or patent assertion entity. There is an important distinction. OTI is actively defending its IP that is based on more than 20 years of extensive investment by our shareholders. We will continue to take an aggressive stance against any company that may fringe on our intellectual property rights and we will continue to update you on the progress of our IP litigation status.

Another IP question: “What is the full impact of winning the case against T-Mobile?” Well, we don’t think we can answer this question at this time, because the damages phase of our litigation is still pending.

Next question: “Are there any other platform carriers currently infringing on OTI’s NFC patents?” We believe OTI’s NFC patents are being infringed upon, which is why we retained Global IP Law Group to lead our new intellectual property monetization campaign. We are working closely with them to develop and execute on a comprehensive IP monetization strategy.

Another question: “What is the estimated total addressable market for NFC and OTI’s share of it?” Well, industry analysts expect that more than half of all the handsets will have NFC functionality by 2015. And according to marketsandmarkets.com, NFC-enabled applications are expected to grow at a 35% compounded annual growth rate from $7.7 billion in 2011 to $34.5 billion by 2016.

Additionally, according to a Juniper Research report from November 2012, mobile payments, ticketing, and active control are the fastest-growing NFC segment with the mobile payment market expected to surpass $1.3 trillion in 2017. Juniper also found that Visa contactless payment has quadrupled over the last year and now generates approximately 30 million transactions a month.

No doubt that these trends are paving the way toward a cashless, paperless world, and we at OTI are already a major player in the NFC payment [unintelligible] and expect to play an important role in all other NFC payment [unintelligible] as one of the most experienced players in the market today.

The next question: “Are there any competitors or alternatives to OTI NFC technology? Who are they and what are their market penetrations?” Well, yes, there is competition. We’re not going to play alone in this huge, multibillion dollar market. In some cases we are competing against larger companies, such as [Jamalfo] and [GMZ].

However, as a pioneer in the NFC field with deep technical knowledge of the contactless market, OTI has a good competitive advantage over our competition. In fact, we continue to receive feedback from customers that they get better and more reliable products from us than from our competition. This is due to our deep knowledge of the technology and our long [unintelligible] proven experience.

Another question: “When can we expect the company to be cash flow positive and profitable?” The new management team is frankly building a detailed execution plan according to the board directives, with the goal of achieving sustainable profitability soon.

Next question: “What is the likelihood of small contracts similar to the Polish deal? What kind of marketing efforts are needed?” Well, our team in Poland is currently working on more deals, and we will report any additional deals as soon as they become relevant.

And the final question we received, “Please give more color on the revenue streams from Mastercard and Visa.” Well, Mastercard and Visa are not direct sources of revenues for OTI. They are the industry leaders responsible for certifying payments like the one developed by OTI.

All of our payment products are certified by Mastercard and Visa as a precondition for use by OTI’s customers. It should be noted that these certifications are very costly, which sets the bar high for entry of new, smaller competitors or technologies.

Thank you very much for your insightful questions. In summary, I would like to emphasize three key points. First, we continue to make strong progress executing on our new strategic plan, focused on our core business of providing contactless transactions and NFC solutions and monetizing related IP.

Secondly, we continue to effectively manage costs and further optimize our expense structure. These initiatives have allowed us to decrease our operating cash flow and expect further improvements in the second half of this year. Our newly optimized operational structure will allow us to better leverage our core competencies and ultimately drive long term growth and sustainable profitability.

And finally, our expectations for 2013 remain high as we build on the operational and financial momentum we have established in the first half of the year. We are confident that this steady increase in traction will produce meaningful results.

As global demand for the new NFC-based technologies continues to build, we are well-positioned for industry leading solutions and the growing customer base. We believe these key factors and strong tailwind will help us expand our market share and further penetrate our [unintelligible] segment.

Thank you for your time today. We look forward to speaking with you next quarter. Operator, please provide the appropriate closing remarks.

Operator

Thank you. Before we conclude, I would like to provide the company’s Safe Harbor statement with the following caution regarding forward looking statements made on this call, as follows.

To conclude, I must state that today’s call may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Whenever we use such words 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 certain risks and uncertainties and actual performance or achievements of OTI could differ materially from those described in or implied by these statements on this call.

For example, forward-looking statements include statements regarding our goals, beliefs, future growth, improvements, strategies, objectives, products and new product releases, bringing new sales executives, plans, revenue targets, profitability, potential opportunities, including opportunities in emerging and other markets, IP strategy, and potential success of such strategy, expansions, gaining repeat business, and shorter sales cycles, pipeline and new orders, and new deals in the near future or current expectations.

Forward-looking statements could be impacted by the effects of protracted evaluation, 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 20-F for the year ended December 31, 2012 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.

This call contains certain non-IFRS measurements namely adjusted EBITDA. Adjusted EBITDA represents earnings before interest tax, income tax, depreciation and amortization, and future eliminates the effect of share based compensation expense.

The company believes that adjusted EBITDA could be considered in evaluating the company’s operations, since they provided clear indication the company’s operating results. This measure should be considered in addition to the results prepared in accordance with U.S. GAAP and should not be not be considered a substitute for U.S. GAAP results. The non-GAAP measures included in this call have been reconciled for U.S. GAAP results and the tables in the press release issued at the end of last month.

Due to the changes in the composition of the company’s board of directors, including the election of eight new U.S. directors on December 30, 2012, the company will no longer qualify as a foreign private issuer as of June 30, 2013, and will be required to report as a domestic issuer starting on January 1, 2014.

[unintelligible] on May 31, 2012, executives as of January 1, 2012, the company adopted international financial reporting standards, IFRS, as published by the international accounting standards board. However, as a domestic issuer, the company will no longer be entitled to prepare financial results in accordance with IFRS.

Therefore, the company has decided to adopt U.S. GAAP and accordingly to prepare its financial statements for the fiscal year ended December 31, 2012 and thereafter in accordance with U.S. GAAP. It should be noted that the financial results for the first, second, and third quarter of 2012 that were previously published were prepared in accordance with IFRS. The financial results for the second quarter of 2013 that appear in the press release were prepared in accordance with U.S. GAAP.

Finally, I would like to remind everyone that a recording of today’s call will be available for replay via a link available on the investor relations section of the company’s website at www.otiglobal.com.

Thank you for joining us today for our presentation.  

:35AM OTI receives orders for commercial quantities of its EasyFuel Plus product from petroleum partner, tokheim (OTIV) 1.65 : Co received orders for commercial quantities of its EasyFuel Plus solution from Tokheim, one of the world's leading manufacturers and service providers of fuel dispensing and automation equipment.

 

ROSH PINA, ISRAEL--(Marketwired - Oct 16, 2013) -  On Track Innovations Ltd. (OTI) (NASDAQ: OTIV), a global leader in cashless payment solutions based on contactless transactions and near-field communication (NFC), has received official certification to use MasterCard's "Mobile MasterCard PayPass - M/Chip 4" technology in OTI's Wave, a new NFC add-on for smartphones, tablets and PC devices.

Mastercard gibt Oti's M-chip für die elektronische Geldbörse frei. Damit ist der weg frei
um über Handy Tablet oder PC zu bezahlen.

.....MasterCard Certifies OTI's 'Wave' NFC Device, Paving Way Toward Greater NFC Adoption and a Wallet-less World

The Wave is the industry's first audio jack plug-in NFC payment solution and the only to receive certification from a major payment company like MasterCard. Based on OTI's patented NFC technology, the compact Wave dongle is device agnostic, easily plugging into any smartphone, tablet or PC, allowing users to pay with their device while enjoying real-time benefits from loyalty programs and other incentives as delivered by the corresponding application. It opens up a whole new world of mobile device applications, while alleviating the burden of a wallet full of credit cards.

"Receiving certification from MasterCard provides essential validation of our technology platform and opens up significant greenfield opportunities for our Wave solution," commented Ofer Tziperman, OTI's CEO. "We can now begin to target large-scale implementations with banking institutions and payment card providers, as well as projects involving public transportation, institutional memberships, and loyalty and rewards programs.

"As the first major player in the payment industry to certify OTI's Wave, MasterCard provides validation of our NFC solution -- now the payment industry's only certified NFC audio-jack add-on solution. We expect other major payment companies to follow suit and provide certification in the near future.

"With NFC-enabled applications expected to grow at a 35% CAGR to $34.5 billion by 2016, it's clear the payment industry is rapidly adopting NFC technology. NFC is becoming increasingly recognized as the fastest, most efficient, most versatile and secured method for payment transactions, and this certification by MasterCard positions us to capitalize on the major industry shift."
 

Die 2 Leute Geschäftsleitung haben nochmals 181,000 Stück nachgekauft. Also insegesamt
hält das management jetzt 916.000 Aktien. Also die sind auf jedenfall von OTI überzeugt


8:30AM On Track Innovations Directors purchase additional 181,000 shares of OTIV (OTIV) 1.53 : Co reported two board members have purchased approximately an additional 181,000 shares of OTI common stock in the open market since the company last reported insider transactions in a press release on August 28, 2013. These purchases were pursuant to Rule 10b5-1 plans executed in June 2013 and/or during open trading windows pursuant to OTI's insider trading policy.


OTI was advised these purchases total approximately 916,052 shares to date. OTI's directors will be required to report their holdings and changes in ownership of OTI securities by filing Forms 3, 4 and/or 5 beginning January 1, 2014, when OTI commences reporting as a U.S. issuer and no longer reports as a foreign private issuer.

 

ROSH PINA, ISRAEL--(Marketwired - Nov 5, 2013) - On Track Innovations Ltd. (OTI) (NASDAQ: OTIV), a global leader in cashless payment solutions based on contactless transactions and near-field communication (NFC) technology, has signed a major contract to supply its NFC readers to one of its U.S. channel partners who primarily serves the unattended retail market in North America. The agreement requires the channel partner to purchase more than $10 million in OTI NFC readers over a three-year term.

OTI has received purchase orders for an initial 40,000 readers, which it plans to ship by the end of 2013. The agreement covers multiple models of OTI's Saturn 6500 NFC readers, including its most advanced Saturn 6500 EM+ which supports EMV transactions.

"Our Saturn 6500 NFC readers are the perfect solution for the unattended retail market," said OTI's CEO Ofer Tziperman. "When integrated into kiosks or vending machines, it presents customers with a quick and easy way to pay, which promotes more frequent purchases and increased revenue for the retailer."

"This contract represents the largest single reader win for our company, and is the result of our recent strategic shift to focus primarily on building our core contactless transaction and NFC technology business," continued Tziperman. "This win also reflects increasing traction for greater adoption of NFC. In fact, compared to last year, we have already more than doubled the number of readers we have shipped globally. Hence, we're confident the adoption of our patented NFC solutions will continue to expand over the months and years ahead."

About the Saturn 6500 NFC Reader
The Saturn 6500 NFC Reader offers convenient and flexible payment card transactions, by either magnetic stripe or by contact or contactless methods, and is fully certified by all leading card associations. The reader's modular design is easily installed with various connection options, making the Saturn 6500 NFC Reader a perfect solution for pay-at-the-pump, drive-thru, vending machines, self-serve laundry and other unattended retail applications. The reader employs OTI's patented 'matched antenna' technology that provides reliable and secure device communication.  

OTIV: $10 MILLION CASH PAYMENT FROM SUPERCOM IN MATTER OF DAYS.
Nichts gefunden, noch nicht bestätigt.
 

OTI Receives Purchase Orders of More Than $1 Million for EasyFuel Plus From Customers, Including a Major Global Supply Chain Provider
 

Was ist denn da los?  

Alle freuen sich, dass Oded und Ohad Bashan nicht mehr da sind, desshalb kaufen sie wie verrückt.
Oti will hold a conference call on Tuesday, November 26, 2013 at 10:30 a.m  

Aktuell $ 2,40. Das kann nicht nur an den Bashan-weg-Freudentänzen liegen :-)  

Conference call wegen den Q3 Zahlen alleine kann es nicht sein

 

hatte einen kleinen Scherz mit den Bashan gemacht.
Ich nehme an, dass der Markt so langsam auf Oti aufmerksam wird.
Hier ein Link von: OTI's Wave Dongle is helping you make NFC happen NOW!
http://www.otiglobal.com/Payments%20Product%20overview
Noch ein Link von Mastercard November 7, 2013 7:00 AM: MasterCard Tap & Go™ Contactless Technology Paves the Way for Mobile Payments in Canada.
http://finance.yahoo.com/news/...less-technology-paves-120000882.html
dann noch die paar Millionen Einnahmen, es tut sich was.
Ein Glück, dass die oben genannten abgesägt wurden.
mvG edugat  

ich hatte deinen Scherz gut verstanden. Gut, dass wir jetzt über die Bremser, ähh Bashans lachen können, nach all den Jahren mit viel Ärger und Enttäuschung. Endlich haben wir einen gescheiten Vorstand, der versteht wie es geht.

Jetzt dürften wir demnächst die von dir genannten 10 bis 12Mio.$ einfahren, dann kommen endlich Quartalsberichte mit erheblich weniger Verluste (ich bleibe bei dieser Aussage erst einmal bescheiden), dann die Strafzahlung zur Patentverletzung von T-Mobile, dann größere Bestellungen zu den NFC Reader, etc.

Beste Grüße
März  

das ist erst der Anfang. Meiner Meinung nach, wissen (wie immer) ein paar Leute mehr als der Rest. In den nächsten Tagen kommt bestimmt eine Meldung, die den Wert von oti gewaltig steigern wird. Anders kann ich mir den Kursanstieg - bei diesem Volumen und ohne neue Nachrichten - nicht erklären.

Ich wünsche mir und euch, daß ich recht hab.

Gruß
 

OTI Deploys NFC Payment Solutions to a Consortium of Banks in Hong Kong, Taiwan and Macao

New Channel Partner, Tradelink, to Deliver OTI's NFC 'WAVE' Devices as Part of Major Deployment

ROSH PINA, ISRAEL--(Marketwired - Nov 13, 2013) - On Track Innovations Ltd. (OTI) (NASDAQ: OTIV), a global leader in cashless payment solutions based on contactless transactions and near-field communication (NFC) technology, has deployed its industry-leading NFC payment system for a consortium of regional banks in Hong Kong, Taiwan and Macao. The deployment was made through its new channel partner, Tradelink Electronic Commerce (HKSE: 536), a Hong Kong-based pioneer in e-commerce.

The deployment includes OTI's NFC newly introduced WAVE audio-jack add-on device for smartphones, tablets and PCs. The patented WAVE device enables banking customers whose mobile devices do not have built-in NFC technology to perform contactless payment transactions, effectively transforming their devices into digital wallets. It also gives banks control over the Secure Element, eliminating dependency on third party organizations like Mobile Network Operators.

Recently certified by MasterCard, the WAVE is the industry's first audio jack plug-in NFC payment solution, and the first and only to receive certification from a major payment processor. The WAVE connects to the device's operating system via the audio jack, allowing for PIN code authentication and Over-the-Air (OTA) capabilities such as reloading cash electronically, checking available balances, remote personalization and downloading new applications.

Users can add approved credit cards, payment cards and loyalty cards to their new digital wallets via OTI's patented secure technology, allowing retailers to implement real-time value-added services like loyalty programs, location based advertisements and promotions.

As an additional option, the WAVE can also support Public Key Infrastructure (PKI) for e-banking and on-line authentication, as well as cross border use during international travel. The easy-to-use device opens the door to a whole new world of mobile device applications, increasing privacy and security while removing the burden of a wallet full of cards.

"This large initial shipment of our WAVE solution reflects the increasing global demand for NFC payment capabilities and marks a significant milestone for OTI," said the company's CEO, Ofer Tziperman. "Major channel partners like Tradelink help us rapidly gain access to new markets and regional banking networks. We expect this new large-scale deployment will serve as a model for adoption by potential customers looking to implement safe, secure and cost-effective NFC solutions."

Michael Wu, Tradelink's executive director and CEO, commented: "As the pioneer of e-commerce in Hong Kong's banking and trading sector, we seek cutting edge technology to maintain the highest level of secure and reliable transaction services. After a thorough evaluation process, we found OTI's NFC payment platform and WAVE device to be unparalleled. OTI is able to deliver a simple yet secure solution to the end user, while retailers and payment processors benefit from new marketing opportunities, such as location-based coupons and loyalty programs which increase revenue and drive measurable ROI."

About Tradelink Electronic Commerce Limited
Established in 1988, Tradelink Electronic Commerce Limited is a leading provider of e-commerce services for both Hong Kong and international business communities. Over the years, by perfecting its infrastructure and developing services that meet users' needs, Tradelink has earned the trust and support of the trading community; enabling it to stand firmly as dominant player in the e-commerce market. Since 1997, Tradelink has been providing Government Electronic Trading services (GETS) for the trading community, initially with a 7-year exclusive franchise (1997-2003), followed by two renewed licenses of a period of six years (2004-2009) and seven years (2010-2016) respectively. On 28 October 2005, Tradelink was listed on the Main Board of The Stock Exchange of Hong Kong Limited (Stock Code: 0536). For more information about Tradelink, please visit www.tradelink.com.hk.

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 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 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. 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.
 

seit ihr jetzt auch so platt wie ich? Das stand doch auf keiner Rechnung, oder?  

 

über $2,40, womit der nächste Widerstand von $2,7 näher rückt. Prima sind auch die Umsätze mit vielen Käufen über $2,20. Da dürfte ein Abrutschen vermeiden helfen.

@sir charles: Leider gehören die Zocker schon immer zu OTI dazu. Mit den Informationen, die die früher erhalten, schaufeln die leider sehr viel ab und verhindern einen schnelleren und dauerhafteren Anstieg. Wir Normalos haben daher nur die Chance (lange) abzuwarten, bis die $10 erreicht sind.  

ist es mir eh egal. Jetzt noch die Telecom rein und dann ab die Post, wäre ja mal Zeit
 

der aktuelle Hype bzw. Auftrag mit dem Bankenkonsortium in Fernost erhöht bestimmt den Preis für Telecom. Schöner Nebeneffekt.  

2.63 Up 0.46(21.20%) 4:00PM Volume: 1,226,807  

COPNI Wave - First NFC Plug-in solution from OTI
http://www.youtube.com/watch?v=Z-3fS9Zy-wg  

danke für diesen Beitrag. Diese Idee bzw. Einsteckeinheit zum Bezahlen in Handys  hatte OTI bereits 2002 entwickelt und angeboten. Das hatte mich damals schon begeistert. Der Markt ist aber erst heute dazu bereit.

Wie geht es euch? Ich bin begeistert. Und es geht fröhlich weiter. ich bin auf die Umsatzprognosen gespannt, die demnächst kommen müssten. Hong Kong, Taiwan und Macao sind schon mal erstklassige Adressen. Aus OTI könnte also mal was richtig großes werden.  

die Aktien erworben. Ich würde so gerne wissen wie das mit dem Telecomprozess weitergeht...  

In alten Zeiten hatte sich der Kurs bei derart Nachrichten um den Faktor drei erhöht. Könnt ihr euch noch erinnern?