On Track Innovations Ltd.: erhält Folgeauftrag
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MasterCard’s PayPass, American Express’ ExpressPay, Visa’s Contactless
mfG edugat
USA Technologies Announces First $5 Million Quarter, Up 105% Versus Previous Fiscal Year Fourth Quarter
Tuesday July 22, 7:00 am ET
Fiscal 2008 Revenue Up 76% to $16 Million After Four Successive Record Quarters
MALVERN, Pa.--(BUSINESS WIRE)--USA Technologies (NASDAQ:USAT - News) today announced unaudited revenue for the fourth fiscal quarter ending June 30, 2008, of approximately $5,024,000 compared with $2,446,000 for the fourth quarter of fiscal year 2007.
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The $5 million quarter represents a revenue increase of approximately 105% year-over-year, and marks USA Technologies’ fourth successive record revenue fiscal quarter. Revenues for fiscal year ended June 30, 2008 total approximately $16,010,000 compared to $9,158,012 for the fiscal year ended June 30, 2007, an increase of 76%. Revenues for the fourth quarter of fiscal year 2008 are approximately $5,014,000 compared to approximately $2,445,000 for the fourth quarter of fiscal year 2007, an increase of 105%. USA Technologies’ revenues during the month of June 2008 were in excess of $2,300,000, the largest monthly revenues in USA Technologies’ history.
The revenue numbers for fiscal year 2008 are unaudited. Final audited financial statements will be released later in September 2008 as part of our Form 10-K Annual Report.
“I am delighted to announce that USA Technologies is continuing its pattern of turning in record revenue quarters, and for the first time revenues for a quarter have topped $5 million,” said George R. Jensen, Jr., Chairman and Chief Executive Officer, USA Technologies, Inc. “This is our fourth successive record revenue quarter, and we are expecting business to continue to grow as we enter the new fiscal year,” he said.
During the fourth quarter ended June 30, 2008, the Company processed approximately 3.9 million transactions totaling approximately $10.4 million in value for customers, compared with approximately 1.5 million transactions totaling approximately $6.7 million during the quarter ended June 30, 2007. This represents an increase of 160% in transaction volume, and 55% in dollars processed.
“We are doing business with many of the biggest brands in the vending industry for both our ePort® and EnergyMiser™ product line, which is rapidly driving up sales and transactions through our USALive network,” said Mr. Jensen. “We are developing exciting new technologies, and introducing new services. We are growing our portfolio of patents and leadership as a technology innovator. We have taken steps to streamline and reduce our operating costs. We are expanding our business, nationally and internationally,” he said.
Recent USA Technologies business and operational highlights included:
G7 ePort orders exceed 10,000 terminals: The G7 is breaking all records following its launch at the NAMA National Vending Expo. With added features and reduced production costs, the ePort G7 is all-in-one technology that accepts traditional magnetic stripe credit cards and contactless credit cards with tap-and-go technology. The revolutionary G7 ePort operates with MasterCard’s PayPass, American Express’ ExpressPay, Visa’s Contactless, Chase Bank’s Blink, and Discover Network Zip Contactless system.
38,000 terminals connected to USALive® network: Connections for the period ended June 30, 2008 have more than doubled from approximately 15,000 a year ago.
New exclusive ePort agreement: USA Technologies recently closed a three-year ePort agreement with one of the largest soft drink bottlers in America.
First to launch cellular phone vending payment pilot: USA Technologies is working with major cellular phone companies to introduce Near Field Communications (NFC) to vending, giving consumers the ability to make purchases from vending machines with cellular phones. The first pilot program is underway with Nokia at Gonzaga University in Washington State.
eSuds™ extends reach abroad: JLA, a leading supplier of commercial laundry equipment in the UK, has begun distribution of eSuds terminals to universities and colleges in England, with the first installation at the University of York.
Three new ePort Connect™ programs: ePort Connect™ Stored Value, Loyalty and Certification Programs launched earlier this year have helped strengthen USA Technologies’ services leadership in the $46 billion vending market.
USA Technologies issued 13th energy patent: The patent is for the VM2iQ®, a key technology in the EnergyMiser energy conservation product line that targets the nation’s four million refrigerated vending machines.
EnergyMiser Rebate Program grows to nearly 50 utilities: Energy utilities offering EnergyMisers free or with rebates have doubled over the past 12 months to nearly 50, with another four utilities offering turnkey programs.
USA Technologies responding to growing market trends – cost savings, environmental programs, efficiency, speed and convenience:
Customers are installing energy conservation technology products to reduce their energy consumption and costs, but also to help meet their environmental goals.
“Our EnergyMiser technology is being woven into the ‘sustainability’ programs of several major companies, while energy utilities increasingly see our products as a vehicle to reduce demand on the nation’s power grid,” said Mr Jensen.
At the same time, more consumers are using credit cards to purchase from vending machines. Surveys conducted by the Company have indicated that consumers prefer the convenience of cashless vending, leading in many instances to increased sales. The ePort is also helping vending machine operators manage and operate their machines more efficiently and effectively.
“The growing cashless market trend is impacting the vending industry’s bottom line, an industry which must raise prices in today’s economy. Our ePort solution is a proven vehicle that allows vendors to implement this change quickly and easily,” said Mr Jensen.
USA Technologies is growing its reputation as a technology innovator, responding to marketplace trends and customer needs, which position the company for significant future growth and success.
About USA Technologies:
USA Technologies is a leader in the networking of wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. The Company has agreements with AT&T, Honeywell, Blackboard, MasterCard and others. For further information on USA Technologies, please visit www.usatech.com. To view a Company overview presentation, visit http://www.usatech.com/company_info/dl/USAT_company_overview.pdf
Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, product acceptance, the ability to continually obtained increased orders of its products, the ability to meet installation goals, economic, competitive, governmental impacts, whether pending patents will be granted or defendable, validity of intellectual property and patents, the ability to license patents, the ability to commercialize developmental products, as well as technological and/or other factors.
Zusammengefasst kann m.E. gesagt werden, dass USA Technologies einen enormen Umsatzanstieg verzeichnet hat. Er stieg im letzten Jahr mit Geschäftjahresende im Juli von 9 Mio. auf 16 Mio.$. Das sind keine gewaltigen Zahlen zeigt aber, dass es in USA bei MasterCard, etc. langsam losgeht.
Als strategischer Partner wird (leider) Vivotech, USA auf der Homepage genannt. Vivotech ist direkter Konkurrent von OTI und dürfte wohl daher am Umsatz beteiligt sein.
Dies ist nicht erschreckend, da es immer Konkurrenz geben wird und sich MasterCard nie auf einen Lieferanten verlassen wird.
Es kann also gehofft werden, dass OTI mit seiner Tochtergesellschaft in USA bald einen ähnlichen Anstieg vermeldet.
Fakt ist, dass das Marktwachstum in USA vorangeht. Durch die Bankenkriese in USA vermute ich, sitzt dort das Geld für Neuerungen nicht sehr locker, weswegen der absolute Anstieg noch bescheiden ist. Aber ich kann mit meiner Vermutung auch falsch liegen und OTI vermeldet bald größere Zuwächse ?!
Es gibt bestimmt mehr Unternehmen in Utah als UTA. OTI hat jetzt aber den Fuß drin in der 2.5 Mio. Stadt Utah.
Als Nachfolgeprojekte für ERG werden Boston (4.4 Mio. Einwohner) und Houston(5.3 Mio. Einwohner) gennannt.
Hier der Artikel:
Press Release Source: On Track Innovations Ltd.
OTI to Supply ERG with Contactless Card Readers for Utah's Transit Payment Solution
Tuesday August 5, 4:00 am ET
Solution Will Allow Contactless Payment for Mass Transit & Ski Resort Access
FORT LEE, N.J., Aug. 5 /PRNewswire-FirstCall/ -- On Track Innovations Ltd. (OTI) (Nasdaq: OTIV - News), a global leader in contactless microprocessor-based smart card solutions, for payments, petroleum payments, homeland security, and other applications, announced today that it will supply its contactless readers to the ERG Group, a world leader in smart card automated fare collection solutions, for Utah Transit Authority's (UTA) contactless credit card bus payment solution. This ERG-UTA roll-out is another U.S. project based on OTI's reader solutions, including projects in Boston and Houston.
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The contract for the full rollout of the system in the Salt Lake City metropolitan area follows the recently reported successful pilot project completed by ERG and UTA. For the pilot, buses serving Salt Lake City area ski resorts were equipped with the new system which allowed customers to use contactless credit cards and other smart cards for both transit payment and ski resort access. UTA's system will similarly allow passengers the choice of contactless credit cards and other smart cards for mass transit payment and ski resort access.
UTA will allow a variety of cards to be used for fare payment including UTA-issued, employer-provided transit smart cards, local university passes, ski resort passes and contactless credit cards. At full system roll-out, the system will feature a unique to ERG onboard, rapid authorization of contactless credit cards to minimize any risk of credit card fraud.
OTI is supplying the front-end solutions, including readers and its proprietary software, to support ISO 14443 proximity payments and ISO 15396 vicinity payments. The ability to support both payment and vicinity cards gives UTA the flexibility to implement various types of contactless cards according to their specific use, and establishes a flexible and modular contactless payment platform.
ERG Group, a world leader in the development and supply of integrated fare management and software systems for the transit industry, is designing, building, operating and maintaining the system.
Oded Bashan, Chairman and CEO of OTI commented: "The global mass transit markets present a great opportunity for OTI's advanced contactless payment solutions. The OTI contactless card readers provide a flexible and modular infrastructure, which is required to support a variety of cards, programs and technologies such as in this transit program. In addition, the reader's speed and fast throughput provides multiple operators with a valuable solution.
ERG Group
The ERG Group is a world leader in the development and supply of integrated fare management and software systems for the transit industry. The Group has installed systems operating in major cities throughout the world including Gothenburg, Hong Kong, Melbourne, Rome, San Francisco and Singapore that support more than 22 million smart cards in circulation and process approximately 5 billion transactions per annum. Additional installations are in progress in London, Seattle, Stockholm and Washington DC. ERG is an Australian-based company, listed on the Australian Securities Exchange and employs approximately 900 people in 10 countries, including over 500 people in Australia. ERG generates significant export revenue and international acclaim for Australian technology. Large transit agencies and the travelling public in major cities throughout the world depend on ERG for the maintenance and support of their current systems and completion of their new integrated ticketing systems.
Additional information is available at www.erggroup.com.
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.
About UTA
Established in 1970, UTA has become a multi-modal transportation leader that is 100 percent accessible with 69 light rail vehicles, 30 commuter rail cars and more than 600 buses. UTA's TRAX light rail system is currently averaging between 40,000 and 50,000 riders a day along its 15-mile Salt Lake-Sandy line and the 4-mile University Line. UTA is an ISO 14001:2004 9001:2000 certified agency. During the 2002 Winter Olympic Games, UTA's transit system was declared a great success on the international scene - carrying more than four million Olympic riders.
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 relating to our opportunities in the global mass transit market. 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.
OTI Contact: Investor Relations:
Galit Mendelson Paul Holm/ Portfoliopr
Vice President of Corporate Relations 212-888-4570
201 944 5200 ext. 111 paulh@porfoliopr.biz
galit@otiglobal.com
--------------------------------------------------
Source: On Track Innovations Ltd.
www.erggroup.com
Das ist ein erstklassig und weltweit gut aufgestellter Partner. Da könnte mehr kommen.
Gruß
März
Monday August 18, 5:00 am ET
Garanti Technology Wins "Best Innovation in a Loyalty Programme" Award in Cards & Payments Europe 2008 with Bonus Trink(R) Sticker
FORT LEE, N.J. and ISTANBUL, Turkey, Aug. 18 /PRNewswire-FirstCall/ -- 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 Garanti Technology (GT), an affiliate of Garanti Bank, Turkey's third largest private bank, won the "Best Innovation in a Loyalty Programme" award at the Cards & Payments Europe 2008, Europe's leading Cards and Payments conference and expo, for the "Bonus Trink®" Sticker project, based on OTI's smart sticker contactless payment device.
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Bonus Trink, an accredited success story by MasterCard Europe, is the brand mark of Garanti's contactless suite of payment forms including plastic cards, watches, key fobs and the above mentioned smart sticker, all supplied by OTI.
OTI's smart sticker is an entirely self-contained, contactless payment device that adheres to multiple surfaces including mobile phones, PDAs and more, obviating the need to carry a separate credit card. The special configuration and adhesive on the back of the smart sticker makes it easy to attach to any surface, be it metallic, plastic or other. This feature enables issuers to add contactless payment capabilities to existing mobile devices independent of the handset type and model. The smart sticker upgrades products which are already in circulation, providing a quick time-to-market, cost effective solution, which assists issuers in increasing market share.
Another aspect that has emerged regarding the Smart Sticker, both in Turkey and in its initial introduction in the US has been the "cool factor" especially among university students and the 20-35 year old age group.
Payments are made by placing the smart sticker a few inches away from OTI's Saturn 6000 contactless reader. The Saturn 6000 contactless reader is a leading cost-to-performance contactless reader in the market today, certified by the major financial institutions. OTI has delivered several thousand readers to Garanti Bank for its Bonus Trink Program.
"Mr. Hunsu Erel, Garanti's innovation enthusiast Chief Executive Officer for Technology, Operation Services and Marketing, remarked: "Loyalty in payment systems will never be the same with GT."
Oded Bashan Chief Executive Officer & Chairman of OTI said: "Garanti's continued commitment to innovation is admirable, as the Cards & Payments committee recognized. We are proud that OTI's solutions are changing the way people do business in Turkey and all over the world."
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.
About Garanti Technology
A subsidiary of Dogus Group (one of the four Turkish conglomerates) and an affiliate of Garanti Bank, Garanti Technology (GT) provides services including technology infrastructure, software development on various platforms, internet applications, integration, system administration, security management, project management and office application development to companies particularly in banking & finance and in automotive, construction, media and tourism sectors.
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 superiority of our 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, 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.
Die Zahlen sind im Anmarsch, also geht es wieder mal runter. Wenn Oded einen Verlust ausweist gehn wir runter auf 2 $, also dann zukaufen.
Breslau kommt bestimmt.
mfG edugat
Wann kommen eigentlich die Zahlen? Den Termin will ich abwarten und nachlegen.
OTI Reports FY 2008 First Half and Second Quarter Financial Results
- First Half Revenues of $20.3 Million Compared to $20.6 Million in First Half of 2007;
- Second Quarter Compared to First Quarter 2008: Revenues Up 18% to $11 million; Gross Margin Climbed to 39% from 32%; Non-GAAP Net Loss Down 35% to $3.1 Million; GAAP Net Loss Down 17% to 5.7 Million
Fort Lee, NJ – August 28, 2008 – On Track Innovations Ltd. (OTI) (NASDAQ GM: OTIV), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced its consolidated financial results for the first half and second quarter ended June 30, 2008. Revenues for the first half were $20.3 million, compared to $20.6 million during the first half of 2007. Second quarter revenues increased by 18% to $11 million compared to $9.3 million in the first quarter of 2008. Gross margin for the first half was 36%, compared to 41% for the first half of 2007. Second quarter gross margin increased to 39% from 32% in the first quarter of 2008. First half net loss on a GAAP basis was $12.5 million. Net loss on a Non-GAAP basis for the first half was $8 million. Net loss on a GAAP basis for the second quarter decreased by 17% to $5.7 million compared to $6.8 million in the first quarter of 2008. On a non-GAAP basis, net loss significantly decreased by 35% in the second quarter to $3.1 million from $4.8 million in the preceding quarter. See below for a reconciliation of GAAP to non-GAAP information.
“These results are due to a shift in the revenue mix in the payment sector from components intended for the US contactless card payments market to greater sales of readers, solutions for the mass transit market, EasyPark and more, as well as contactless payments in non-US markets,” said Oded Bashan, OTI Chairman and CEO.
Mr. Bashan continued: “We continue to focus on controlling and reducing our operating expenses to the most efficient and effective level required to carry out our current and pending pipeline of projects for 09’ and 10’. While we have steadily reduced headcount, the resultant savings take two to three quarters to show up in the P& L. We continue to shift our focus toward high margin projects with recurring revenues combined with commercial rollouts. We believe our actions will pave a clear path to profitability for OTI. We continue to have a strong and healthy balance sheet with $110 Million in total assets and $34.3 Million in cash, cash equivalents, and short term investments.”
“As we’ve indicated before, it is our belief that most of the significant delays are behind us and we are confident about the Company's growth.” said Mr. Bashan. “We still believe that 2008 will be a turning point for OTI in terms of showing a clear path to profitability and will reflect revenue growth of about 10% over 2007, with most of the growth expected in the fourth quarter of the year.”
Conference call and Webcast Information
The Company has scheduled a conference call and simultaneous Web cast for Thursday, August 28, 2008, which will be hosted by Oded Bashan, Chairman and CEO, Ohad Bashan, President, and Guy Shafran, CFO, for 9:30 AM EDT to discuss operating results and future outlook. To participate, call: 1-866-345-5855 (U.S. toll free), 1-800-270-345 (Israel toll free), 0-800-182-6846 (Germany toll free). To listen to the Web cast, use the following link: http://www.otiglobal.com/content.aspx?id=226
For those unable to participate, the teleconference will be available for replay until midnight September 4th,, by calling U.S.: 1-877-456-0009 on the web at: http://www.otiglobal.com/content.aspx?id=226
Use of Non-GAAP Financial Information
In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, OTI uses non-GAAP measures of gross profit, net income and earnings per share, which are adjustments from results based on GAAP to exclude non-cash equity-based compensation charges in accordance with SFAS 123(R) and EITF 96-18, and amortization of intangible assets in 2008 and exclude non-cash equity-based compensation charges in accordance with SFAS 123(R), and amortization of intangible assets in 2007 . OTI management believes the non-GAAP financial information provided in this release provides meaningful supplemental information regarding our performance and enhances the understanding of the Company’s on-going economic performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. Management uses both GAAP and non-GAAP information in evaluating and operating the business and as such deemed it important to provide all this information to investors
Gruß
März
kopieren geht nicht, da der Text zu lange ist. Seht daher nach unter:
finance.yahoo.com/q?s=otiv
Unter Headline anklicken:
On track Innovation, Ltd. Q2 2008
Earnins Call Transcript
vom Fri, Aug 29.
Viel Spaß beim Lesen am Wochenende. Und erzählt mir dann, was ihr davon haltet.
Gruß
März