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 financial results for the first quarter of 2012 on Thursday, May 31, at 9:00 a.m. Eastern Daylight Time. The Company has scheduled a conference call and simultaneous Web cast that will be hosted by Oded Bashan, Chairman and CEO, Ohad Bashan, President and Tanir Horn, CFO.

Date:         May 31, 2012

Time:         9:00 AM ET / 4:00 PM Israel

Listen via Internet: http://www.otiglobal.com/Investors_Introduction

Schedule this webcast into MS-Outlook calendar (click open when prompted): http://apps.shareholder.com/PNWOutlook/t.aspx?m=53796&k=B2A83572

Toll-free:     1-888-407-2553

Toll-free:     Israel: 1-800-227-297

For those unable to participate, the teleconference will be available for replay until midnight June 7th, by calling U.S: 1-877-456-0009 or on the web at: http://www.otiglobal.com/Investors_Introduction

On Track Innovations Ltd. ("OTI") designs, develops and markets secure identification, payment and transaction processing technologies and solutions for use in secure ID, payment and loyalty applications based on its extensive patent and IP portfolio. OTI combines state-of-the-art, contactless microprocessor-based technologies and enabling hardware with proprietary software applications to deliver high performance, end-to-end solutions that are secure, robust and scalable. OTI solutions have been deployed around the world to address homeland security, national ID, medical ID, NFC, contactless payment and loyalty applications, petroleum payment, parking and mass transit ticketing. OTI markets and supports its solutions through a global network of regional offices and alliances.

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. 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, 2011, 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.

CONTACT: Galit Mendelson (Vice President of Corporate Relations)
         732-429-1900 ext. 111
         galit@otiglobal.com

         Jay M. Meier (SVP, Business Development & Investor Relations)
         OTI America, Inc.
         732-429-1900 ext. 104
         jaym@otiglobal.com

         Investor Relations
         Todd Fromer / Garth Russell
         KCSA Strategic Communications
         212-896-1215 / 212-896-1250
         tfromer@kcsa.com /grussell@kcsa.com