updated 3/10/2011 9:16:31 AM ET 2011-03-10T14:16:31

ISELIN, N.J., March 10, 2011 (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, announced today that it will report financial results for fiscal year 2010 on Monday, March 28, at 9:00 a.m. Eastern Daylight Time. The Company has scheduled a conference call and simultaneous Web cast that will be hosted by Oded Bashan, Chairman and CEO, Ohad Bashan, President and Tanir Horn, CFO.

Date: March 28, 2011

Time: 9:00 AM ET

Listen via Internet: http://www.otiglobal.com/Investors_Introduction

Toll-free: 1-888-668-9141

Toll-free: ISRAEL: 1-800-227-297

For those unable to participate, the teleconference will be available for replay until midnight April 4th, by calling U.S: 1-888-782-4291 or on the web at: http://www.otiglobal.com/Investors_Introduction

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 On Track Innovations Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7442

This press release may contain 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 "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, 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. Forward-looking statements could be impacted by market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2009, 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.

CONTACT: OTI
         Galit Mendelson (Vice President of Corporate Relations)
         732-429-1900
         galit@otiglobal.com

         MS-IR
         Miri Segal
         917-607-8654
         msegal@ms-ir.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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