OTI to receive $17 million contract to provide solutions and systems for electronic identification product

ISELIN, USA: On Track Innovations Ltd (OTI), a leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments, eID Systems and other applications, has signed a contract for the supply, transfer, maintenance and operation of an electronic identification related product based on OTI's Magna platform.

OTI has teamed up with a reputable system integrator that will be responsible for project management and local operation in the country. The contract provides for an initial three-year period and minimum guaranteed amount of $17 million, starting in 2010. The project is funded based on a Build-Operate-Transfer (BOT) model.

As part of the contract, OTI will supply its end-to-end solution, based on its proprietary state-of-the-art ID Registry Magna platform. OTI's system, which will be deployed nationwide, provides advanced software for ID management, bundled with secure biometric contactless cards. OTI will also provide mobile enrollment stations, and will incorporate a biometric Automatic Fingerprint Identification System (AFIS).

OTI's solution supports both online and offline communication, thereby allowing every citizen, from cities to rural areas to register, regardless of the area's communication infrastructure. The solution is designed to provide maximum accuracy and security while being user friendly.

Oded Bashan, Chairman and CEO of OTI, stated: "This project is in line with OTI's strategy to focus on solutions and projects that yield recurring revenues. OTI's Magna system demonstrates our breadth of secured ID solutions. OTI's end-to-end Magna based solution, complemented by the company's knowledge and experience, allows countries to access a quick and cost effective path to implement secured identification and verification needs, regardless of the country's size and telecom infrastructure."