Israeli provider of contactless smart card technology OTI announced that the Deutsche Boerse approved the admission of the company to the Prime Standard Segment, where the company shares are now trading.
Trading of OTI Shares on the Neuer Markt segment has been stopped accordingly. The company was listed on the Neuer Markt since 1999. Deutsche Boerse has decided to close the segment at the end of 2003.
Established in 1990, OTI 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 a global network of regional offices to market and support its products. — (menareport.com)
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