OTI Receives $6 Million Order in Support of Next Stage Expansion of National eID Program
On Track Innovations Ltd. (OTI), a provider of contactless smart card solutions, has received a new $6 million order, and advance payment for such order, in support of the next stage expansion of a national ID program. The company expects revenues from the order to be recognized this year.
The new order is in support of an existing ID project announced last year, which is part of the country's effort to modernize and improve the security of its electronic ID cards. Last year, OTI successfully supplied its end-to-end turnkey solution based on its proprietary eID Magna platform in support of the nationwide infrastructure setup. The system includes both stationary and mobile stations for data enrollment and card issuance, the creation of a central national registry database, as well as the provision of contactless, highly-secured smart ID cards and a Biometric Automatic Fingerprint Identification System (AFIS), to detect and prevent double registration attempts by the same ID applicant.
OTI's secured ID solution supports both online and offline communication, thereby allowing every citizen, living in cities and rural areas, to apply for an ID card regardless of the area's communication infrastructure. The user-friendly solution is designed to provide maximum accuracy and security.
"We are proud to be the technology and implementation partner of our governmental client's national ID system," said Oded Bashan, chairman and CEO of OTI. "The level of professionalism and execution capabilities demonstrated by the government has been second to none. Together, we were able to meet the strict implementation timeline, allowing for the continuation of the project."