March 5, 2018 / 1:39 PM / 4 months ago

BRIEF-OTI Receives New Purchase Order Of 2,000 Cashless Payment Systems From Japan

March 5 (Reuters) - On Track Innovations Ltd:

* OTI RECEIVES A NEW PURCHASE ORDER OF 2,000 CASHLESS PAYMENT SYSTEMS FROM JAPAN

* ON TRACK INNOVATIONS LTD - ‍EXPECTS PURCHASE ORDER TO BE DELIVERED IN BOTH FIRST AND Q2 OF 2018​

* ON TRACK INNOVATIONS LTD - ‍TERMS OF CONTRACT CANNOT BE DISCLOSED​

* ON TRACK INNOVATIONS LTD - ‍WILL RECOGNIZE A ONE-TIME SALE, FOLLOWED BY A HIGH-MARGIN, RECURRING REVENUE STREAM OVER LONG-TERM RELATED TO ORDER​ Source text for Eikon: Further company coverage:

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