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May 29, 2014
08:32 EDTOTIVPARX Ltd signs 20-year contract with Elbasan, Albania
PARX Ltd., a subsidiary of On Track Innovations Ltd., has signed a 20-year contract to help manage the parking operations for Elbasan, a city in central Albania. PARX will work with its Albanian partner, TIS Ltd., on the project, which is that nationís first paid parking solution. The agreement includes general and financial management services, parking fees collection, enforcement, an advanced permit system and customer support. At its inception, the contract includes approximately 4,000 managed parking spaces, a number that is expected to increase during the term of the project.
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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