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April 28, 2014
08:37 EDTOTIVOTI PetroSmart awarded 15-year government ministry contract
OTI PetroSmart, a global Value Added Reseller of petroleum equipment products and a wholly owned subsidiary of On Track Innovations, has been awarded a major 15-year contract from a government ministry in Southern Africa for its EasyFuel Plus management system. OTI PetroSmart and its local operating partner will deploy the EasyFuel Plus ‘contactless’ solution to facilitate automated refueling at the ministry’s national network of more than 15 “home base” sites and a few thousand vehicles. The initial order is valued at $550K which will be recognized in 2014. Further expansion may be possible during the life span of the project. The scope of the project includes the supply of automatic tank gauging equipment, automatic vehicle identification, as well as various risk management systems.
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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