OTIV On Track Innovations Ltd

FORT LEE, N.J., May 18 /PRNewswire-FirstCall/ -- On Track Innovations Ltd, (OTI) (NASDAQ:OTIV), 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 quarter operating results on Tuesday, May 30, 2006 at 10:00 a.m. Eastern Daylight Time. The Company has scheduled a conference call and simultaneous Web cast that will be hosted by Oded Bashan, Chairman, President and CEO, Guy Shafran, CFO, and Ohad Bashan, Chief Marketing Officer and President and CEO of OTI America. To participate, call 1-888-858-4723 (U.S. toll free) 1-809-245-917 (Israel toll free) 0-800-180-8316 (Germany toll free) 1-973-935-8508 (standard international) ID Code: OTI Q1 Conference Call At: 7:00 a.m. Pacific Time 10:00 a.m. Eastern Daylight Time 16:00 Germany Time 17:00 Israel Time To listen to the web cast please go to: http://www.otiglobal.com/content.aspx?id=226 For those unable to participate, the teleconference will be available for replay until midnight June 6th, by calling U.S.: 877-519-4471 or International; 973-341-3080 and entering the PIN number # 7405168 or on the web at: http://www.otiglobal.com/content.aspx?id=226 About OTI Established in 1990, OTI (NASDAQ:OTIV) 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 Company of the Year Award in the field of smart cards. For more information on OTI, visit http://www.otiglobal.com/. OTI Contact: Media Relations Galit Mendelson Adam Handelsman Director of Corporate Communications 5W Public Relations 201 944 5200 ext. 111 212 999 5585 DATASOURCE: On Track Innovations Ltd CONTACT: Galit Mendelson, Director of Corporate Communications of On Track Innovations Ltd, +1-201-944-5200 ext. 111, ; or Media Relations - Adam Handelsman of 5W Public Relations, +1-212-999-5585, Web site: http://www.otiglobal.com/ http://www.otiglobal.com/content.aspx?id=226

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