On Track Innovations (OTIV) Tops Q1 EPS by 2c

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oti Reports First Quarter 2015 Financial Results

May 12, 2015 8:31 AM EDT

ROSH PINA, ISRAEL -- (Marketwired) -- 05/12/15 -- On Track Innovations Ltd. (oti) (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, reported financial results for the first quarter ended March 31, 2015.

Q1 2015 Operational Highlights

Received favorable ruling from the U.S. District Court, Southern District of New York, that certain mobile phones sold by T-Mobile USA, Inc. enabled with NFC technology infringe oti's U.S.... More