HSBC Bank A.S. Launches 'Advantage Hizz' Contactless Payments Program Using OTI Product...

HSBC Bank A.S. Launches 'Advantage Hizz' Contactless Payments Program Using OTI
Product Solutions

FORT LEE, N.J. and ISTANBUL, Turkey, June 29, 2009 (GLOBE NEWSWIRE) -- On Track
Innovations Ltd. (OTI) (Nasdaq:OTIV), a global leader in contactless
microprocessor-based smart card solutions for homeland security, payments,
petroleum payments and other applications, today announced that HSBC Bank A.S.
which serves the Turkish market and is a member of the HSBC group, selected
OTI's contactless payments product suite for HSBC's MasterCard PayPass program
named 'Advantage Hizz' ("Fast" in Turkish). Initial orders for contactless
payment devices such as key fobs and smart stickers have already been received.

HSBC advertises Advantage Hizz as "the fastest way of advantageous shopping,
relieves you from signature and password formalities on purchases of less than
35 Turkish Lira (around $20 US)". On top of the traditional credit card form
factor, HSBC offers "credit card in the form of key fob and sticker. You can
accelerate your shopping process by choosing the card that is convenient for
you." Advantage Hizz form factors can be accepted in 4,000 quick-serve
restaurants and cafes, convenient stores, book & music stores, accessory stores,
groceries and supermarkets. HSBC is targeting technology savvy young
professionals and university students.

OTI is a leading supplier of contactless payment technology to the advanced
Turkish contactless payments market offering payment devices and contactless
readers. OTI's Smart Sticker is an entirely self-contained, contactless payment
device that adheres to multiple surfaces including mobile phones, PDAs and more.
Designed with unique materials and IP, OTI's Smart Sticker has printing and
durability that matches regular (ID1) size cards.

OTI's Key Fob is a complete solution designed to meet the card associations'
requirements. OTI's extensive experience provides a secure, reliable and cost
effective way to bring contactless solutions to the market in any form factor
needed. OTI's solutions meet the stringent security requirements of the payments
industry, while also providing the speed and convenience that is essential for
contactless transactions.

Oded Bashan, CEO & Chairman of OTI, said: "HSBC A.S. is another customer in the
advanced Turkish market using OTI's contactless payment products. We believe
that OTI's unique and innovative product offering will assist HSBC in
successfully introducing the Advantage Hizz contactless program."

About OTI

Established in 1990, OTI (Nasdaq:OTIV) designs, develops and markets secure
contactless microprocessor-based smart card technology to address the needs of a
wide variety of markets. Applications offered by OTI include product solutions
for petroleum payment systems, homeland security solutions, electronic passports
and IDs, payments, mass transit ticketing, parking, loyalty programs and secure
campuses. OTI has a global network of regional offices to market and support its
products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of
the Year Award in the field of smart cards.

For more information on OTI, visit www.otiglobal.com, the content of which is
not part of this press release.

The On Track Innovations Ltd. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5736

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. Whenever we use words such as "believe,"
"expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we
are making forward-looking statements. 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 our goals, beliefs, future growth strategies, objectives, plans or
current expectations, such as those regarding the expected income to be
generated from the orders from HSBC A.S., the potential market of our
contactless payment products and regarding the superiority of our products.
Forward-looking statements could be impacted by market acceptance of new and
existing products and our ability to execute production on orders, as well as
the other risk factors discussed in OTI's Annual Report on Form 20-F for the
year ended December 31, 2007, which is on file with the Securities and Exchange
Commission. Although OTI believes that the expectations reflected in such
forward-looking statements are based on reasonable assumptions, it can give no
assurance that its expectations will be achieved. 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.

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CONTACT: On Track Innovations Ltd.
Galit Mendelson, Vice President of Corporate Relations
201 944 5200 ext. 111
galit@otiglobal.com

MS-IR LLC
Investor Relations:
Miri Segal
917-607-8654
msegal@ms-ir.com