ROSH PINNA, Israel, Feb.14, 2018 /PRNewswire/ -- On
Track Innovations Ltd. (OTI) (NASDAQ: OTIV), a global
provider of near field communication (NFC) and cashless payment
solutions, has engaged IR specialists MZ Group (MZ) to manage a
comprehensive strategic investor relations and financial
communications program across all key markets.
MZ Group will work closely with OTI management to develop and
roll out a comprehensive capital markets strategy designed to grow
the Company's visibility in the investment community. This
structured campaign will highlight OTI's recent business successes
along with its strong leadership in the cashless payment systems
space.
OTI is a pioneer and leading developer of cutting-edge cashless
payment solutions including near field communication (NFC) products
and solutions. For over two decades, OTI has provided enterprises
worldwide with innovative technology and solutions that forge new
business models, grow revenues, streamline processes, and create
measurable value for end users. OTI's field-proven suite of
cashless payment solutions is based on an extensive IP portfolio,
including registered and patent applications throughout the world.
Since 1990, OTI has built an international reputation for
reliability and innovation – deploying hundreds of solutions for
banking, unattended markets (vending, payment kiosks, electric
vehicle chargers), mass transit and petroleum.
MZ has a distinguished reputation as a premier resource for
institutional investors, brokers, analysts and private investors.
The firm has six offices across North
America, a strong presence in Asia and Brazil, and maintains extensive relationships
with investors throughout Europe.
Additionally, MZ Group was recently ranked the No. 1 consultancy in
Latin America and No. 7 in the
world in business communication.
Managing Director of MZ North America, Greg Falesnik, will be advising OTI in all
facets of corporate and financial communications, including
coordinating roadshows in key cities and building brand awareness
with the financial media.
"OTI is pleased to partner with MZ Group, the world's largest
independent IR firm. We look forward to working with MZ to expand
and strengthen our investor relations program," said Shlomi Cohen, OTI Chief Executive Officer. "MZ
has the established track record and connections to enhance our
awareness with the investment community, and we are confident that
our partnership with MZ will assist us in increasing shareholder
value for our investor base."
Matt Hayden, Chairman of MZ Group
North America, commented, "MZ Group looks forward to partnering
with a rapidly growing industry leader like On Track Innovations.
We are impressed with OTI's global reputation and their extensive
IP portfolio. We strongly believe OTI's value proposition will
resonate with our investors, and when coupled with the guidance and
execution MZ can provide, will ultimately help grow value for the
company's shareholders."
About MZ Group
MZ, founded in 1999, combines capital
markets intelligence, global investor targeting, IR technology,
corporate governance, media and corporate communication and IR
consulting, providing comprehensive programs that successfully
build and manage shareholder value. With a team of highly
experienced senior professionals and an integrated service
portfolio, MZ ensures that companies are provided with the right
tools and strategies to interact effectively with the investment
community and the media, successfully conveying the investment
message. MZ's market intelligence, advisory and tactical support
activities for investor relations and corporate communications
programs are underpinned by a comprehensive IT infrastructure,
allowing companies to rapidly achieve global standards of best
practices. For more information, please visit www.mzgroup.us.
About On Track Innovations Ltd
On Track Innovations
(OTI) is a global leader in the design, manufacture, and sale of
secure cashless payment solutions using contactless NFC technology
with an extensive patent and IP portfolio. OTI's field-proven
innovations have been deployed around the world to address cashless
payment, automated retail, and petroleum markets. OTI distributes
and supports its solutions through a global network of regional
offices and alliances. OTI is the proud recipient of the 2017 AI
Award for Best Cashless Payment Solutions Provider – Israel. For more information, visit
www.otiglobal.com.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements within the
meaning 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,"
"will," "may," "prospect," "future" or similar expressions, we are
making forward-looking statements. For example, we are using
forward-looking statements when we discuss our expectations
regarding our growth or profitability, reduction of costs and
expenses, expected divestitures, plans for our existing and new
products and services, penetration of new markets and securing new
customers, contributions of our regions to our growth, resolution
of our outstanding patent infringement claims, strengthening of our
balance sheet and delivery long-term shareholder value. 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 the effects of the protracted evaluation and
validation periods in the U.S. and other markets for contactless
payment cards, or new and existing products and our ability to
execute production on orders, as well as other risks and
uncertainties, including those discussed in the "Risk Factors"
section and elsewhere in our Annual Report on Form 10-K for the
year ended December 31, 2016, and in
subsequent filings with the Securities and Exchange Commission.
Although we believe that the expectations reflected in such
forward-looking statements are based on reasonable assumptions, we
can give no assurance that our 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. The
reader is cautioned not to place undue reliance on forward-looking
statements.
Investor Relations:
Greg
Falesnik
Managing Director
MZ Group - MZ North America
+1(949)385-6449
OTIV@mzgroup.us
www.mzgroup.us
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SOURCE On Track Innovations Ltd. (OTI)