SEATTLE, Jan. 13, 2014 /PRNewswire/ -- Washington and
California business owner, private
investor and venture capitalist Jerry Ivy,
Jr. will join other On Track Innovations Ltd. (OTI) (NASDAQ:
OTIV) leaders to ring the NASDAQ Stock Market closing bell on
Tuesday, Jan. 14.
(Photo:
http://photos.prnewswire.com/prnh/20140113/SF44921-a)
(Photo: http://photos.prnewswire.com/prnh/20140113/SF44921-b)
Ivy has made significant investments in the software and
technology industries and is an OTI board member and major
long-term OTI shareholder.
"Ringing the NASDAQ closing bell is an honor for me and the
entire OTI organization," said Ivy. "It signifies OTI's innovative
solutions are broadly recognized as streamlining business processes
and adding significant consumer value."
OTI is a pioneer and leading developer of cutting-edge cashless,
contactless and near-field communication (NFC) payment solutions.
OTI's products have been deployed around the world to address NFC
and other cashless payment solutions, petroleum payment and
management, cashless parking fee collection systems, and mass
transit ticketing.
A major marketplace innovation is OTI's proprietary WAVE
solution, which adds NFC, contactless payment and MIFARE
(contactless smart cards) capabilities to existing iPhone and
Android mobile devices. Pairing the WAVE dongle with any handset
requires no expertise or special tooling. WAVE's contactless
interface supports contactless payment for MasterCard, Visa and
other card associations, debit and credit, e-Purse, mass transit
ticketing, e-coupons, loyalty program and healthcare applications.
A video demonstration of the WAVE solution can be viewed at:
http://www.otiglobal.com/our-products/oti-wave/.
The closing bell ceremony is being held at NASDAQ's MarketSite
in New York City and will be
webcast live online starting at 3:45 p.m.
Eastern time via this link:
http://www.nasdaq.com/about/marketsitetowervideo.asx.
About Mr. Ivy:
Jerry L. Ivy,
Jr., was elected to OTI's Board of Directors in December 2013. Mr. Ivy brings 30 years of
experience in diverse industries ranging from the manufacture and
nationwide distribution of personal items including cosmetics and
beauty products and of commercial items including restaurant
equipment and chemicals. Mr. Ivy has also actively traded
commercial, agricultural, and residential real estate throughout
the western United States over the
past three decades.
About OTI:
On Track Innovations Ltd. (OTI) is a
leader in contactless and NFC applications. OTI's field-proven
innovations are based on an extensive IP portfolio boasting 24
patent families and over 100 patents and patent applications
worldwide. OTI markets and supports its solutions through a global
network of regional offices and alliances. For more information,
visit www.otiglobal.com.
Media Contact: Rochelle Olson,
509-438-0818
SOURCE Jerry Ivy