ISELIN, N.J., Oct. 11, 2011 (GLOBE NEWSWIRE) -- On Track Innovations
Ltd. ("OTI") (Nasdaq:OTIV), a global leader in contactless smart card
solutions, today announced that MTS, Russia's leading communications
group with over 100 million subscribers (with over 70 million
subscribers in Russia), has chosen OTI's COPNI mobile payment solution
for its near field communication ("NFC") projects. OTI is working with
SITRONICS Smart Technology as its technological partner in Russia.
MTS's NFC program first retail application to be launched later this
month will be mobile payment and loyalty program at LUKOIL gas
stations.

With the new program, LUKOIL retail customers use their mobile phone to
pay for fuel transactions at the dispenser using a COPNI-enabled cell
phone and accruing loyalty points for LUKOIL's loyalty program.

OTI's COPNI(TM) (Contactless Payment and NFC Add-On) was selected after
rigorous testing which represents the first commercial NFC project in
Russia based on SIM-cards with SWP/HCI-protocol (Single Wire Protocol
("SWP") and Host Controller Interface ("HCI")). With COPNI, the service
can be used with a wide range of currently available mobile phone
models.

A COPNI-enabled mobile phone is a platform that enables mobile network
operators (MNOs) to provide a true after-market solution to existing
subscribers, filling the gap between the demand and lack of handsets
with embedded NFC. Simply tapped near a contactless reader, the
COPNI-enabled mobile phone can be used in a broad range of payment
transactions including prepaid, credit and debit, as well as loyalty
programs and other NFC related applications.

Oded Bashan, Chairman and CEO of OTI, commented: "COPNI is the ultimate
solution for operators, providing them maximum flexibility. It is
cost-effective and it allows the MNO to provide solutions to a large
existing customer base regardless of the handset type and model,
bringing contactless payments and NFC into real life program quickly".

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 developed
by OTI include product solutions for petroleum payment systems,
homeland security solutions, electronic passports and IDs, payments,
mass transit ticketing, parking and loyalty programs. 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
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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, growth potential
of our contactless payment solutions and regarding the superiority of
our products or current expectations such as those regarding the growth
of the NFC program. 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, 2010 , 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.


CONTACT: OTI Contact:
         Galit Mendelson
         Vice President of Corporate Relations
         732 429 1900 ext. 111
         galit@otiglobal.com