updated 9/2/2010 8:45:57 AM ET 2010-09-02T12:45:57

ISELIN, N.J., Sept. 2, 2010 (GLOBE NEWSWIRE) -- On Track Innovations Ltd, (OTI) (Nasdaq:OTIV), a global leader in contactless microprocessor-based smart card solutions, for homeland security, payments, petroleum payments and other applications, today announced that Ohad Bashan, president of OTI, will be presenting at the Rodman & Renshaw Annual Global Investment Conference's Technology Track at 11:15 a.m. (Eastern) on Monday, September 13, 2010 at the New York Palace Hotel, New York, NY.

A presentation regarding OTI's market positioning, financial performance and strategic direction will be provided.

On Track Innovations Ltd. (OTI) is a leading contactless smart card solution provider. Applications developed by OTI include product solutions for:

  1. SmartID – complete end-to-end in house solution for Homeland security – national ID cards, e-passports, driver's license, voter ID and more.
  2. MediSmart - transforming patient's Electronic Health Record (EHR) to a portable medium.
  3. Payments – Supporting MasterCard, Visa contactless payment programs.
  4. EasyPark – in-vehicle parking meter solution
  5. EasyFuel – Fuel management and petroleum solution.

Management will be available for one-on-one meetings with institutional investors throughout the conference.  Interested investors should contact their Rodman & Renshaw representative or Miri Segal: msegal@ms-ir.com

A webcast of the presentation will be available at: http://www.otiglobal.com/Investors_Introduction

About OTI

 Established in 1990, OTI (Nasdaq:OTIV) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking and loyalty programs. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.

For more information on OTI, visit www.otiglobal.com , the content of which is not part of this press release.

The On Track Innovations Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5736

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