BRIEF: On Track unit opens new plant in Germany: CEO Oded Bashan: We have increased our production capacity and improved our processes and standards to meet and exceed the quality requirements of our customers.

Globes (Tel Aviv, Israel) | September 18, 2007 | Copyright

Sep. 18--OTI -- On Track Innovations (Nasdaq: OTIV; Prime Standard: OT5) subsidiary InterCard Systemelectronic has opened a new manufacturing facility in Bad Durrheim in Germany. The company announced that the facility was inaugurated on September 7, in the presence of the mayor of Bad Durrheim. On Track produces contactless microprocessor-based smart card payment and security solutions.

The new 2,200 square meter facilities were built according to the ISO 90001:2000 and the strict TS 16949 standards, which are required by the automotive industry, which the company ...

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