EasyPark Regional Solution Implemented In New Hampshire

ISELIN, N.J., April 8, 2013 (GLOBE NEWSWIRE) -- On Track Innovations Ltd. ("OTI") (Nasdaq:OTIV) announced today that the City of Portsmouth, New Hampshire is implementing the EasyPark™ electronic parking payment and information system in the City, joining its neighboring city Dover in creating the first regional program in the U.S. to use EasyPark. The EasyPark device enables its users to park interchangeably in both cities.

Portsmouth is a Northeast tourist destination with over 2,500 off-street and on-street public parking spaces in its downtown, follows neighboring city Dover – as well as other cities and colleges, such as UC Davis and the City of Austin – in adopting EasyPark as their parking payment solution. To sign up for the EasyPark program in New Hampshire go to: https://easyparkusa.com/register

"Like many of our neighboring cities and towns, convenient access to our commercial districts and waterfront areas is important to our residents and business owners," said Tom Cocchiaro, Portsmouth parking operations supervisor. "EasyPark was a logical addition to the solutions we're developing for our residents who want an easier way to pay for parking."

EasyPark is designed to provide municipalities with a 'one-stop-shop' for all their parking information and payment needs. EasyPark allows drivers to use an online account to pay for parking without having to pay a meter. All a driver has to do is select the city and parking zone on the EasyPark device and place it in the vehicle in the designated location, according to the city's requirements. No searching for coins or walking back and forth to a pay and display terminal.  The device can be easily connected to the online account via a computer and the internet to load additional funds or download new parking-related information.

Designed to work within the budget constraints of municipalities, EasyPark allows municipalities to retain 100% of parking revenues while providing drivers with a convenient parking payment solution. As the most advanced, leading parking meter-free system, it is already widely-adopted by municipalities around the world.

The EasyPark™ system is perfect for municipalities as it allows for:

  • Multiple municipalities to use one device
  • Cost effective, modular implementation
  • No additional investment in infrastructure required
  • No maintenance or overhead costs like other systems
  • May provide additional revenues to the municipality
  • An easy and convenient solution for drivers

EasyPark eliminates the hassle for a driver to find a working meter, look for coins and then return to their vehicle with a receipt to place on their dashboard. EasyPark enables drivers to simply park and go.

About On Track Innovations Ltd. ( www.otiglobal.com )

On Track Innovations Ltd. (" OTI") designs, develops and markets ID-credentialing, payment and loyalty applications based on its extensive patent and IP portfolio. OTI combines standards-compliant and 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, contactless payment and NFC solutions, loyalty applications, petroleum payment, parking and mass transit ticketing. OTI markets and supports its solutions through a global network of regional offices and alliances.

Safe Harbor for Forward-Looking Statements

This press release contains 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 "will", "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 and not on factual events, 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. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations such as statements related to the prospects of success from the implementation of our current and new parking solutions in the region of the City of Portsmouth, New Hampshire and/or Dover, NH. Forward-looking statements could be impacted by various factors which are beyond the company's control, including and not limited to the risk factors that are 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.

The content of websites or website links mentioned or provided herein are not part of this press release.
CONTACT: OTI Contact:         Galit Mendelson         VP, Corporate Relations         732 429 1900 ext. 111         galit@otiglobal.com

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