OTI and SiVault enter into a marketing alliance to offer Internet-based smart cards solution

Santa Clara, CA and Dallas, USA (PROTEXT) - On TrackInnovations Ltd.(OTI), the contactless smart card leader, andSiVault Inc., formerly GTE Smart Card solutions, which providesinfrastructure for loading of value and applications to smartcards via the Internet, have announced a marketing alliancebetween the companies to introduce end to end solutions throughtransparent combination of both companies' products. OTI's contactless solution in conjunction with SiVault'sability to interface with a variety of intelligent devices willbring a more comprehensive solution to the smart card marketplaceby offering customers a wider menu of choices for network-basede-commerce type of applications. "This alliance recognizes the superior security that OTIproducts and solutions provide to the e-commerce market", saidOhad Bashan, President of OTI America, "The combination of OTI'ssecured multi-application contactless smart card and SiVault'sunique technology to load new applications to the smart card viathe Internet will open new horizons in this booming industry. Bybenefiting from the unique expertise and experience each companybrings we can create added value solutions to different customersin the most cost effective and secure form", he added. "By combining SiVault's expertise in secure, network-basedsmart card applications hosting and value-loading capabilitieswith OTI's products and solutions, a foundation has been laid forcustomers who are looking for speed-to-market, security,scalability and user-friendly smart card services," said KeithManning, President and COO of SiVault, Inc. Manning continued,"Our alliances with Hewlett Packard/Verifone and GTEInternetworking underscore the depth of the resources availableto our mutual customers." This collaboration is another step in the deployment of multi-application contactless smart card solutions in the market. Thesmart card is expected to provide an excellent interface betweenthe virtual world of the Internet and the "real" world ofmerchants and service providers. By combining these twocustomers will be provided with a powerful, yet convenientplatform for applications such as campus cards, e-commerce,telecommunication, loyalty programs and more. The two companies are already working to implement their jointproduct in pilots during the year 2000. ABOUT THE COMPANIES: On Track Innovations Ltd. (OTI) is the world's pioneer inmicroprocessor-based contactless smart card technology. Thecompany has developed a portfolio of patented contactless smartcard technologies, including the microprocessor-basedcontactless/contact EYECON' MultiCard system, which providesoptional DES, Triple-DES, RSA or ECC level data encryptionbetween the card and the reader. The company was awarded theprestigious ESCAT Award for the "Most Innovative Smart CardAccomplishment of the Year 1997". Established in 1990, OTI hasapplied its technologies in a variety of applications worldwide.The implementation of numerous applications such as theelectronic purse, mass transit, parking, gas management systems,loyalty schemes, ID and security as well as other uniquecustomized applications have put OTI and its products at thecutting edge of contactless smart card technology. OTI has front offices and subsidiaries in Europe, the USA,South Africa and China. For more information, please visit OTI'swebsite, http://www.oti.co.il SiVault is a network based Service Bureau providing securesmart card loading of applications and value to intelligentdevices in alliance with GTE Internetworking and HewlettPackard/Verifone. Working seamlessly with card issuers, platformagnostic - SiVault brings value/application loadinginfrastructure, allowing businesses to focus on providing aproliferation of Internet enabled products and services to theircustomers. As a trusted third party, SiVault's service bureaumarket approach brings a critical component to the smart cardvalue chain. (http://www.sivault.com) ots Originaltextservice:OTI Internet: http://recherche.newsaktuell.de Contact: OhadBashan, President, OTI America Tel: +1-408-919-5525 Fax:+1-408-919-5101 E-mail: ohad.bashan@otiamerica.com Sheri E. Ross, VPSales and Marketing, SiVault Inc. Tel:

+1-310-440-2202 Fax:+1-310-471-4776 E-mail: seross@sivault.com E-mail:seross@sivault.com

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