OTIV On Track Innovations Ltd

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 FY 2009 financial results on Monday, March 1, at 9:00 a.m. Eastern Standard Time. The Company has scheduled a conference call and simultaneous Web cast that will be hosted by Oded Bashan, Chairman and CEO, Ohad Bashan, President and Tanir Horn, CFO. To participate, call:

1-888-668-9141 (U.S. toll free)

1-800-227-297 (Israel toll free)

At:

6:00 a.m. Pacific Time

9:00 a.m. Eastern Time

16:00 Israel Time

To listen to the web cast please go to:

http://www.otiglobal.com/Investors_Introduction

For those unable to participate, the teleconference will be available for replay until midnight March 7^th, by calling U.S: 1-888-295-2634 or on the web at:

http://www.otiglobal.com/Investors_Introduction

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 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.

The On Track Innovations Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5736

CONTACT:  On Track Innovations Ltd.

          Galit Mendelson, Vice President of Corporate Relations

          201 944 5200 ext. 111

          galit@otiglobal.com

          MS-IR LLC

          Investor Relations:

          Miri Segal

          917-607-8654

          msegal@ms-ir.com