Business Summary excerpt from SEC filing dated: May 22, 2006
We were incorporated under the laws of the State of Israel on February 15, 1990, under the name of De-Bug Innovations Ltd. Our name was changed to On Track Innovations Ltd. on July 8, 1991.
Our address is Z.H.R Industrial Zone, Rosh-Pina 12000, Israel. Our telephone number is 011-972-4-686-8000. In 1998 we established a wholly-owned subsidiary in the United States, OTI America, Inc., a New Jersey corporation. OTI America, Inc. is located at 2 Executive Drive Suite 740, Fort Lee, New Jersey 07024, and its telephone number is (201) 944-3233.
Since our incorporation in 1990, we have designed, developed and sold contactless microprocessor-based smart card products. Because our cards contain a microprocessor, they can store and process information and run multiple applications. Our cards are referred to as “contactless” because they do not require physical contact with a card reader, as power and data are transferred to a card through a magnetic field generated by a card reader. Our products combine the benefits of both microprocessors and contactless cards. We believe that we are one of the first companies to deploy contactless microprocessor-based smart card products for commercial use. In addition to contactless microprocessor-based smart cards, we also sell products that are based on other card technologies.
|
|
