YOKNEAM, Israel, June 30, 2020 /PRNewswire/ — On Observe Improvements Ltd. (OTI) (OTCQX: OTIVF), a worldwide supplier of close to area communication (NFC) and cashless cost options, right now introduced that it has accomplished efficiently all necessities of EMV along with the Japanese FeliCa commonplace for TRIO-IQ state-of-the-art platform. As well as, OTI just lately obtained an extra buy order for five,000 cashless contactless cost methods for the Japanese market.
Yehuda Holtzman, CEO of OTI, commented, “We’re very happy with this new buy order from the huge Japanese unattended retail market. We take a look at this new order as a reassurance of OTI’s continued and rising foothold in Japan.” Mr. Holtzman additionally commented on the twin certification for FeliCa & EMV achieved: “The TRIO-IQ is a state-of-the-art platform and its distinctive options deal with effectively the Japanese’s market wants. We see this certification and the brand new buy order as a mirrored image of OTI’s expertise management and the Japanese market’s acceptance of OTI’s state-of-the-art merchandise.”
About OTI
30 YEARS OF INNOVATIVE CONTACTLESS PAYMENT SOLUTIONS
OTI (OTCQX: OTIVF) is the pioneer and main developer of cutting-edge cashless cost options incorporating NFC (Close to Subject Communications) applied sciences. For practically 30 years, OTI has constructed a global fame for reliability and innovation by offering operators and integrators with revolutionary expertise and options based mostly on our in depth world IP portfolio.
We now have deployed a whole bunch of hundreds of cost options to Automated Retail, Self-Service Kiosk, Micro-Markets, Unattended Merchandising, EV charging stations, coin-op Pulse, Cell, IoT Wearables, sensible ATM, gasoline administration methods and mass transit e-ticketing.
OTI operates by a worldwide community of regional places of work, supporting purchasers, companions & franchisees with its distinctive cashless cost options.
Secure Harbor for Ahead-Wanting Statements
This press launch incorporates categorical or implied forward-looking statements throughout the that means of the Non-public Securities Litigation Reform Act of 1995 and different Federal securities legal guidelines. Every time we use phrases resembling “will,” “count on,” “look ahead,” “intend,” “plan,” “estimate”, “anticipate”, “imagine”, “ought to”, “can” or related expressions, we’re making forward-looking statements. For instance, we’re utilizing forward-looking statements once we focus on our expectations relating to the Firm’s continued and rising foothold in Japan. As a result of such statements cope with future occasions and are based mostly on OTI’s present expectations, they’re topic to numerous dangers and uncertainties and precise outcomes, efficiency or achievements of OTI might differ materially from these described in or implied by the statements on this press launch. Extra elements that might trigger precise outcomes to vary materially from these anticipated by our forward-looking statements are acknowledged underneath the captions “Threat Components” in our most up-to-date Annual Report (Type 10-Okay), our most up-to-date Quarterly Report (Type 10-Q) and different recognized and unknown uncertainties and threat elements together with these detailed occasionally within the Firm’s filings with the Securities and Trade Fee. Ahead-looking statements are made as of the date of this launch, and we expressly disclaim any obligation or endeavor to replace forward-looking statements. The reader is cautioned to not place undue reliance on forward-looking statements.
SOURCE On Observe Improvements Ltd. (OTI)
