ROSH PINA, Israel, Aug. 28, 2013 (GLOBE NEWSWIRE) -- On Track Innovations Ltd. (OTI) (Nasdaq:OTIV), a global provider of near field communication (NFC) and cashless payment solutions, reported the U.S. District Court for the Southern District of New York has denied T-Mobile USA's request for reconsideration of the claim construction (Markman) decision in OTI's patent infringement lawsuit alleging that Near Field Communication (NFC) enabled phones sold by T-Mobile USA infringe OTI's U.S. Patent No. 6,045,043.
The case was filed in March 2012 and is pending in the District Court for the Southern District of New York. As reported by OTI on June 20, 2013, the Court adopted OTI's proposed constructions of all disputed terms.
OTI is a pioneer in the contactless payment market and supported MasterCard® and Visa®, among others, in the creation and implementation of contactless transaction processing and payment solutions. OTI provides NFC devices and reader solutions, including the COPNI (Contactless Payment and NFC Insert) device, which adds NFC capability to existing non-NFC enabled mobile phones.
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 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. Visit the website: www.otiglobal.com.
Safe Harbor for 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. 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.
CONTACT: OTI Contact: Galit Mendelson VP, Corporate Relations 732 429 1900 ext. 111 firstname.lastname@example.org Investor Contact: Scott Liolios or Matt Glover Liolios Group, Inc. 949 574 3860 email@example.com
Source:On Track Innovations Ltd.