ROSH PINA, ISRAEL--(Marketwired - Jan 10, 2014) - On Track Innovations Ltd. (OTI) (NASDAQ: OTIV), a global leader in cashless payment solutions based on contactless transactions and near-field communication (NFC), has been invited to present at the 16th Annual Needham Growth Conference. The conference will be held on January 14-16, 2014 at The New York Palace Hotel.

OTI management is scheduled to present on Wednesday, January 15 at 4:50 p.m. Eastern time, with one-on-one meetings held throughout the day. Management will discuss the company's new strategy of leveraging its core competencies around cashless payment solutions, as well as monetizing OTI's expansive IP portfolio.

The presentation will be broadcast simultaneously and available for replay at http://wsw.com/webcast/needham64/OTIV, as well as in the investors section of OTI's website.

For additional information or to schedule a one-on-one meeting with OTI management, please contact your Needham representative.

About OTI
On Track Innovations Ltd. (OTI) is a leader in contactless and NFC applications based on its extensive patent and IP portfolio. OTI's field-proven innovations have been deployed around the world to address NFC and other cashless payment solutions, petroleum payment and management, cashless parking fee collection systems and mass transit ticketing. OTI markets and supports its solutions through a global network of regional offices and alliances. For more information, visit www.otiglobal.com.

Forward-Looking Statements
 This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding receipt of future consideration from the sale of OTI's SmartID Division, OTI's long term growth and profitability, further penetration of the NFC markets and execution of OTI's growth plans. The forward-looking statements contained in this press release are subject to other risks and uncertainties, including those discussed in the "Risk Factors" section and elsewhere in OTI's annual report on Form 20-F for the year ended December 31, 2012 and in subsequent filings with the Securities and Exchange Commission. Except as otherwise required by law, OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.