OTI Europa ASEC Signs Contract With Public Transport Authority (ZTM) in Warsaw

March 28, 2018

OTI Europa to Design and Implement “Kasa +” Support Service System at Passenger Service Points

On Track Innovations Ltd. (OTI) (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, today announced that the Company’s European branch, OTI Europa ASEC (ASEC S.A.), has signed a contract with the Public Transport Authority (PTA) in Warsaw(Zarząd Transportu Miejskiego) for the design, execution, and implementation of the “Kasa +” system to support Passenger Service Points in and around Warsaw.

The contract is the result of a public tender won by OTI Europa ASEC (ASEC S.A.) and is expected to be completed over the next 13 months, with a value of approximately $300,000 USD to OTI.

“OTI Europa ASEC is responsible for providing the IT system, analysis of requirements and solution preparation, as well as for system launch and 3 years warranty protection,” said Agnieszka Swiatly, Managing Director, OTI Europa ASEC. “With wide knowledge related to the PTA’s sales system and know-how associated with the market and technology, we were able to prepare a winning offer.”

Public transport in Warsaw urban complex is managed and supervised by the Public Transport Authority (Zarząd Transportu Miejskiego) in Warsaw, the member of the European Metropolitan Transport Authorities (EMTA) and the International Association of Public Transport (UITP). It provides transport to two million citizens of the Warsaw metropolitan area as well as connects Warsaw to its neighboring communes.

OTI Europa ASEC (ASEC S.A.) is one of the largest operators of e-ticketing and paper ticket sales systems in the public transport on polish market. It creates, delivers, implements and supports IT systems for public transport, OTI Europa ASEC provides and integrates certified solutions for contactless payments, allowing for quick cashless payment transactions with bank cards and NFC.

OTI Europa ASEC is a part of OTI – On Track Innovations group. For more information, visit www.otieuropa.com