ROSH PINA, Israel, August 26, 2001 (PRIMEZONE) -- OTI (GER:OT5) today announced that its Gasoline Management System (GMS), which is operating internationally with major success in Africa, Turkey, Ecuador and more, will be launched in Bolivia with Isrex through Autotrack Bolivia, that will act as the systems integrator for the system.
A first order has been delivered to equip five private gasoline stations and 400 vehicles. Initially targeted to commercial customers, GMS vehicle tags are slated to be installed by local companies in their fleet vehicles. Future implementations include distribution of key fobs to private drivers in the surrounding area for use as pay-at-the-pump devices as well as to pay for goods and services in the convenience store, earning loyalty points for each purchase.
"We have been experiencing great success with the GMS system and are happy to bring it into Bolivia with OTI," said Autotrack Bolivia CEO Daniel Gonzalez.
"The expansion of GMS into Bolivia is a demonstration of the success of this product, said Oded Bashan, President and CEO of OTI. "We are happy to add Bolivia to our world map of projects."
The GMS system simplifies the fueling and payment process for oil companies and fleet operations. A smart card installed in the vehicle and provided to drivers, delivers a powerful, yet flexible platform, to store, process, and update fleet and driver information. This smart card system solely permits the fueling of designated vehicles by designated drivers - eliminating fraud. GMS brings convenience to oil companies and fleet managers by providing a comprehensive billing, reporting, payment, and monitoring system. In addition, GMS provides a loyalty system for oil companies, motivating drivers and fleets to refuel at their stations rather than patronize competitors that do not offer GMS.
OTI and Autotrack Bolivia expect to expand to more stations and hundreds of additional vehicles as the project is developed. GMS currently has the largest number of installations worldwide providing secure fueling solutions.
About OTI
Established in 1990, OTI (On Track Innovations) designs and develops contactless microprocessor based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for mass transit, parking, gas management systems, loyalty schemes, ID and secure campuses. OTI has regional offices in the US, Europe, Asia Pacific, and Africa to market and support its products. The company was awarded the prestigious ESCAT Award for smart card innovation in both 1998 and 2000. Visit OTI on the Internet at www.oti.co.il.