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OTI Will Showcase Its Proven EasyPark(TM) Parking Solutions At The IPI Conference & Expo

Stocks in this article: OTIV

The International Parking Institute Conference & Expo Will Take Place in Fort Lauderdale, FL May 19-22, 2013

Austin, Texas, and Portsmouth and Dover, New Hampshire, Among Most Recent Cities That Have Already Implemented the New and Innovative Parking Device

ROSH PINA, Israel, May 15, 2013 (GLOBE NEWSWIRE) -- On Track Innovations Ltd. ("OTI") (Nasdaq:OTIV) announced that it will showcase its field proven EasyPark™ information and payment system at the International Parking Institute Conference & Expo, booth #1235, May 19-22, 2013 in Fort Lauderdale, FL.

The successful introduction of the EasyPark™ electronic parking information and payment system includes rollouts in Austin, Texas, and Dover and Portsmouth, New Hampshire. With the arrival of EasyPark™, these cities now offer drivers a new, simplified process for paying to park, with advantages that include no longer needing coins or a credit card when parking, as well as no longer needing to go back and forth between car and meter.

Austin is the first city in Texas that provides its residents with the convenience of EasyPark™ while Dover and Portsmouth have launched the system in New Hampshire, following the footsteps of several colleges, such as the University of California, Davis, that have adopted this effortless payment solution. EasyPark™ is also used in many municipalities around the world, including 42 municipalities in Israel, over 30 municipalities in France, 25 municipalities in Italy and in Bermuda.

"The successful and high profiled EasyPark™ rollouts in cities like Austin, TX, Dover and Portsmouth, NH, have demonstrated the ease with which such an in-vehicle parking meter system can be implemented into an area to ultimately benefit its residents and their everyday lives," said Ofer Tziperman, OTI's CEO. "These successes we believe will pave the way for the adoption of the EasyPark™ solution in more cities, both national and international. EasyPark™ makes a lot of sense both to the city and to the driver. It requires no upfront investment by the city that can retain full parking fees, and it can save money to the driver that pays only for the exact time parked without the need to over-feed the meter."

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