logo
  Join        Login             Stock Quote

On Track Innovations (OTIV) Receives Orders To Support Ecuador's National Eid Program

 December 13, 2012 11:55 AM


(By Balaseshan) On Track Innovations Ltd. (NASDAQ: OTIV), which develops contactless microprocessor-based smart card services, said it has received new orders totaling $4 million, in support of Ecuador's national eID program.

The new orders cover infrastructure, as well as support and maintenance agreement for the coming year.

This is a new and follow-on order which adds to orders received since 2009 from Ecuador's national eID program, which is part of the country's effort to modernize and improve the security of its electronic ID cards.

The company's secured ID solution supports both online and offline communication, thereby allowing every citizen, living in cities and rural areas, to apply for an ID card regardless of the area's communication infrastructure. This user-friendly solution is designed to provide maximum accuracy and security.

"This is an important program for OTI's SmartID solution, as it demonstrates our ability to successfully support a country's national identification program with our complete and highly secure offering," said Oded Bashan, Chairman of On Track Innovations.

On Track Innovations designs, develops and markets solutions based on its secure contactless microprocessor-based smart card technology to address the needs of a range of markets. Its products combine the benefits of both microprocessors and contactless cards.

OTIV remains unchanged from previous close of $1.32. The stock has been trading between $0.92 and $1.90 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageChart Says This Retailer's Comeback Isn't Finished

One of the surprises, at least on the surface, of the market's recent swoon was the outperformance of read on...

article imageETF Performance Review: Major Asset Classes | 19 Dec 2014

It’s all about real estate investment trusts (REITs) these days when it comes to bullish performance among read on...

article imageOil and Global Stock Markets Rebounding Sharply

So far so good on our expectation of a 4 to 5% pullback and then a resumption of the bull read on...

article imageGrading the FOMC

Love its members or loathe them, you have to admire the gradual impact the policy-making committee has had read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

Recent Articles by Balaseshan
More Articles on: Computer and Technology



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.