OTIV On Track Innovations Ltd

Order is for approximately 400,000 cards FORT LEE, N.J., July 25 /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, today announced that its subsidiary, ASEC S.A. ("ASEC") of Poland, has been awarded a tender by the Transport Department of the City of Warsaw to provide public transportation and street parking contactless tickets. Deliveries have commenced this month. Warsaw residents will be able to use these cards as electronic tickets for their bus, tramway, or metro ride using one card, as well as paying fees for on street parking. The new tender further strengthens the introduction of OTI to new markets in the emerging European countries. This is another tender win for OTI in mass transit ticketing solutions, allowing OTI to bring its significant experience and technology platform to different cities and transit operators. Anat Arazi, President of ASEC added: "This is a natural extension of ASEC's offer of existing back office systems for transit and parking solutions and we are looking forward to be working with the City of Warsaw." Oded Bashan, President & CEO of OTI commented: "OTI is pleased to be the chosen provider for City of Warsaw mass transit system, especially considering Poland's technological leadership among the new members of the European Union. OTI's ticketing solutions provide a technology platform to support scalable multiple applications, enhancing the user experience at the point-of-payment." 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, 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 Company of the Year Award in the field of smart cards. For more information on OTI, visit http://www.otiglobal.com/. Safe Harbor for Forward-Looking Statements: This press release contains forward-looking statements within the meaning 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. 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, 2005, 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. 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: OTI: 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: OTI, Galit Mendelson, Director of Corporate Communications, On Track Innovations Ltd, +1-201-944-5200, ext. 111, ; Media Relations, Adam Handelsman, of 5W Public Relations for On Track Innovations Ltd, +1-212-999-5585, Web site: http://www.otiglobal.com/

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