ISELIN, N.J., July 24, 2012 (GLOBE NEWSWIRE) -- On Track Innovations
Ltd. (Nasdaq:OTIV) today announced that it has signed a five year
agreement with Wright Express that appoints OTI as a reseller in Africa
and the exclusive reseller in South Africa of Wright Express' Quantum+
solution. The Quantum+ solution provides a multi-country,
multi-language, multi-currency back office solution for vehicle fleet
payment device management and transaction processing services.

"The alliance with Wright Express enables OTI to offer customers a
sophisticated backend system to manage their Automated Vehicle
Identification (AVI) programs. This is particularly important in Africa
where many petroleum retailers have no pre-existing fuel card program,
and as such are not in a position to introduce an AVI system," said
Oded Bashan, OTI's chairman and CEO. "The addition of the Quantum+
solution complements OTI's EasyFuel solution, and enables us to offer
an end-to-end, turnkey solution to customers which is expected to
increase revenues from licensing and transaction fees".

"OTI's extensive experience in petroleum payment solutions and
innovative culture is a natural fit with Wright Express," said David
Maxsimic, interim executive vice president of Wright Express
International. "This introduces our offering to the African market and
demonstrates our commitment to international growth."

About Wright Express

Wright Express is a leading provider of value-based, business payment
processing and information management solutions. The Company's fleet,
corporate and prepaid payment solutions provide its more than 350,000
customers with unparalleled security and control across a wide spectrum
of business sectors. The Company's operations include Wright Express
Financial Services, Pacific Pride, rapid! PayCard, Wright Express
Prepaid Cards Australia, Wright Express Fuel Cards Australia and
CorporatePay Limited, England. Wright Express and its subsidiaries
employ more than 900 associates in six countries.

Wright Express is listed on the New York Stock Exchange (WXS) and is
recognized as a leading global provider of payment processing and
information management services. The Company's charge cards are used by
commercial and government fleets in the United States to purchase fuel
and maintenance services for approximately 4.5 million vehicles.

For more information about Wright Express, please visit
wrightexpress.com

About On Track Innovations Ltd. (www.otiglobal.com)

On Track Innovations Ltd. ("OTI") designs, develops and markets
ID-credentialing, payment and loyalty applications based on its
extensive patent and IP portfolio. OTI combines standards-compliant and
state-of-the-art, contactless microprocessor-based technologies and
enabling hardware with proprietary software applications to deliver
high performance, end-to-end solutions that are secure, robust and
scalable. OTI solutions have been deployed around the world to address
homeland security, national ID, medical ID, contactless payment and NFC
solutions, loyalty applications, petroleum payment, parking and mass
transit ticketing. OTI markets and supports its solutions through a
global network of regional offices and alliances.

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 contains 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 "will", "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 and not
on factual events, 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 statements related to
the actual delivery, marketing and sales of OTI's EasyFuel Products
within the Wright Express' Quantum+ solution during the term of the
foregoing cooperation agreement, or related to the expected revenues to
be generated from the aforesaid strategic cooperation agreement with
Wright Express. Forward-looking statements could be impacted by market
acceptance of OTI's EasyFuel existing or future products and/or market
acceptance of Wright Express' Quantum+ solution and our ability to
execute production on orders, as well as the other risk factors which
are or might be beyond the company's control and which are further
discussed in OTI's Annual Report on Form 20-F for the year ended
December 31, 2011, 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.

The content of websites or website links mentioned or provided herein
are not part of this press release.


CONTACT: OTI Contacts:
         Galit Mendelson
         VP, Corporate Relations
         732 429 1900 ext. 111
         galit@otiglobal.com
         
         Investor Relations
         Todd Fromer / Garth Russell
         KCSA Strategic Communications
         212-896-1215 / 212-896-1250
         tfromer@kcsa.com /grussell@kcsa.com