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News Breaks | | | | November 20, 2012 | | 19:09 EDT |  | OTIV | On Track Innovations Board to convene extraordinary meeting of shareholders
On November 20, On Track Innovations advised Jerry Ivy's counsel that the board of directors of the company decided to convene an extraordinary meeting of shareholders, to be held no later than December 31. The agenda for such meeting is expected to include the following items: (i) voting on amendments to the company’s Articles of Association so as to enable removal of directors in midterm and election of new directors in the course of an extraordinary meeting; and (ii) voting on removal of directors and election of new directors as provided in the request of Ivy as stated in his Schedule 13D/A filed on October 22. | |
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News For OTIV From The Last 14 Days Check below for free stories on OTIV the last two weeks. |
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| May 20, 2013 | | 09:09 EDT | | OTIV | On Track Innovations receives order for 30K NFC and contactless payment readers
On Track Innovations announced receipt of a blanket order for 30,000 of its Near Field Communication, or NFC, and contactless payment readers for use in North America from a global leader of integrated technology solutions in the retail petroleum industry. OTI plans to deliver the entire order to its customer this year and expects additional revenues for providing support services to the customer. OTI expects to receive follow-on reader orders from this customer later this year. OTI worked closely with the customer to create a custom-built antenna and support the various contactless payment schemes on the reader itself, ultimately providing the customer with an OEM kit to fit the customer's wide range of products. OTI was chosen over its competitors for its proven ability to solve the customer's specific needs based on its know-how and extensive intellectual property. In addition to the major card associations' contactless programs, OTI embedded the ISIS NFC SmartTap Reader Application on the custom-built OEM kit. | | | May 13, 2013 | | 09:09 EDT | | OTIV | On Track Innovations provides update on patent infringement suit against T-Mobile
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