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February 26, 2014
08:39 EDTOTIVOTI granted new U.S. patent for multi-application contractless smart card
On Track Innovations has been issued a new patent by the U.S. Patent and Trademark Office that enhances its innovations in the field of contactless smart cards. The new U.S. patent No. 8,651,387, titled "Multi-Application Contactless Smart Card," describes a multi-application contactless smart card system and method that allows a user to select an application using a unique switching mechanism located on board the smart card. This innovation allows, for example, the accommodation of several 'application cards' on the same physical card.
News For OTIV From The Last 14 Days
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September 30, 2015
11:31 EDTOTIVOn Track Innovations files patent infringement lawsuits against AT&T, Verizon
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September 25, 2015
09:50 EDTOTIVOn Track says reaches agreement in principle with T-Mobile to settle claims
On Track Innovations (OTIV) announced in a regulatory filing that on September 24, it notified the U.S. District Court, Southern District of New York, jointly with T-Mobile (TMUS) that the parties have reached an agreement in principle to settle both of the company's claims against T-Mobile and the parties requested from the Court a 30-days stay of all deadlines pending in both actions to negotiate the terms of a settlement agreement. The company expects that the net proceeds from the settlement with T-Mobile, if such settlement is reached, should not be significant and under Company's initial expectations.

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