OTI 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.
On 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.