ROSH PINA, Israel, Dec. 24, 2012 (GLOBE NEWSWIRE) -- On Track Innovations Ltd. ("OTI") (Nasdaq:OTIV), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, eID Systems and other applications, announced today that its Chairman and President & CMO, Oded Bashan and Ohad Bashan, respectively, submitted on December 23, 2012 letters of resignation, resigning from their respective positions with OTI and its subsidiaries, effective June 23, 2013, which is the last date of the advance notice period according to their employment contracts. Mr. Oded Bashan will retain his role as a director on OTI's board.
On Track Innovations, Ltd. Announces Resignation Of Company's Chairman, Mr. Oded Bashan And Company's President & CMO, Mr. Ohad Bashan
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