OTI to Supply End-to-End Electronic Passport and Border Control System to be Implemented in a European Country
19 February 2008 - 11:30PM
PR Newswire (US)
Advanced System Includes eStickers, Enrollment and Personalization
Infrastructure, and Border Control System for ePassports FORT LEE,
N.J., Feb. 19 /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 supply its end-to-end ePassport and border
control system to be implemented in a European country. OTI will be
providing eStickers which enable the upgrade of existing passports
to ePassports, and an advanced infrastructure for ePassport issuing
and border control passenger inspection and verification. The
system meets the latest standards for electronic passports set by
the International Civil Aviation Organization (ICAO) and the
European Union. OTI has already received initial orders to supply
the system to the country's passport issuing National Center and
border control stations following a successful pilot. Deliveries
are expected to begin in the second quarter of 2008. Total orders
are expected to reach several millions of dollars over the next few
years. The end-to-end system, based on OTI's MAGNA(TM) platform,
includes: * Enrollment and personalization infrastructure including
image and fingerprint enrollment, ePassport personalization
(utilizing eStickers), secured materials management system, digital
signature generator, and ePassport QA and issuing stations. * OTI's
sophisticated eSticker (electronic secured sticker) based on OTI's
Hercules(TM) Operating System, provides a breakthrough solution by
enabling the upgrade of existing passports to ePassports in a
simple, quick and cost effective manner. The upgrade of existing
passports is done by placing the secured eSticker, which includes
the electronic components, within the existing passport. The
country's upgraded electronic passport with OTI's eSticker has been
certified by a reputable international laboratory. * Border control
system based on passenger biometric identification applications,
electronic passport identification, and both optical and electronic
means to detect forged passports. The system, which is operable
whether it is online or offline, enables border control officers to
receive unequivocal identification using a combination of two
biometric means -- fingerprints and facial recognition. OTI's
MAGNA(TM) modular platform offers short implementation and quick
integration with the country's existing border control system and
provides external interfaces to the country's central digital
certificate storage for signature verification. Due to the fact
that the system fully complies with the ICAO and EU standards, it
offers a migration path to additional e-Gov applications and to
additional electronic ID documents, such as National IDs, Voter
IDs, Driver Licenses, and more. Oded Bashan, Chairman and CEO of
OTI, stated, "This system further strengthens OTI's offering in the
ePassport and border control markets. OTI's end-to-end MAGNA(TM)
based solution complemented by the company's knowledge and
experience, will allow countries to access a quick and cost
effective migration path for the implementation of ePassports and
Border Control systems." 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 and
2006 Company of the Year Award in the field of smart cards. For
more information on OTI, visit http://www.otiglobal.com/, the
content of which is not part of this press release. 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 expected delivery dates and revenues to be
generated from the orders from the European country discussed in
this press release or regarding the superiority of our technology
and solutions. 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, 2006, 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 Miri Segal Director of Corporate Communications Strategic
Growth International 201 944 5200 ext. 111 212 838 1444 DATASOURCE:
On Track Innovations Ltd CONTACT: OTI Contact, Galit Mendelson,
Director of Corporate Communications, +1-201-944-5200, ext. 111, ;
or Investor Relations, Miri Segal, Strategic Growth International,
+1-212-838-1444, Web site: http://www.otiglobal.com/
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