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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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March 26, 2015
09:31 EDTOTIVOn Track receives favorable patent infringement ruling against T-Mobile
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05:21 EDTOTIVOn Track Innovations reports Q4 EPS (8c), one estimate (8c)
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March 25, 2015
14:05 EDTOTIVOn Track Innovations jumps following ruling in suit with T-Mobile
A judge in the Southern District of New York granted On Track Innovations (OTIV) motion for summary judgment of infringement in a patent lawsuit between the company and T-Moblie. according to a court filing. Shares of On Track jumped 26% to $1.63 in afternoon trading.

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