yesterday the opening of its new facilities covering an area of 4,000 square
meters at an investment of US$3.5 million on its existing site in Rosh Pina,
Israel. Mr. Ariel Sharon, IsraelÂs Prime Minister, was in attendance at the
opening ceremony held the evening of December 11 at the new building site.
The new building will support research and development, testing, and
manufacture of the companyÂs contactless microprocessor-based smart card
products, while the existing building will house the companyÂs global
management offices. OTIÂs advanced security system, based on its patented
contactless microprocessor technology, was implemented in the new building.
system allows highly secure access control management including biometrics
authentication and was developed for a large variety of secured uses such as
airports terminals, governmental institutions, financial institutions and
secured buildings. The system was presented to and used by Prime Minister,
Ariel Sharon during his visit at OTIÂs new facilities. Located in IsraelÂs
Z.H.R Galilee Industrial Park, an industrial zone in the north of Israel, all
of OTIÂs facilities have been ISO 9001 certified.
The company was honored to welcome Prime Minister Ariel Sharon, who attended
the opening to recognize OTIÂs success in Israel and around the world. ÂOTI
a significant contribution to the Israeli industry and represents IsraelÂs
human capital strength. It is encouraging to hear that 98% of OTIÂs sales are
outside of Israel. May there be many more companies such as OTI in the
industryÂ said Prime Minister of Israel, Mr. Ariel Sharon.
ÂThe new facilities are a major expansion for the company,Â said Oded Bashan,
President and CEO of OTI. ÂWe now have the flexibility to adapt faster to the
needs of our customers and the market by designing and delivering the
high-quality products for which OTI is known worldwideÂ.
In the past year OTI has developed a series of innovative products, including
the Saturn Reader, capable of operating all ISO-standard contact and
contactless smart cards, and a SmartID sticker utilizing the EasyPark
manage vehicle registration and parking permits already launched by the Tel
Aviv Municipality. The company expects to deliver new and innovative products
from the new facility in 2002.
Established in 1990, OTI (On Track Innovations) designs and develops
contactless microprocessor-based smart card technology to address the needs
a wide variety of markets. Applications developed by OTI include product
solutions for mass transit, parking, gas management systems, loyalty schemes,
ID and secure campuses. OTI has regional offices in the US, Europe, Asia
Pacific, and Africa to market and support its products. The company was
the prestigious ESCAT Award for smart card innovation in both 1998 and 2000.