Company Profile

Parx Ltd. provides parking payment solutions to municipalities and parking operators across the world. Parx’s EasyPark system has been deployed successfully in markets around the globe for the past decade, delivering significant benefits to all stakeholders including municipalities, franchisees and parking operators, enforcement authorities and drivers. Parx demonstrated cost savings and revenue growth in all the locations where its solutions have been implemented. Parx has developed and registered a revolutionary patent designed to simplify current parking payment methods and render them more efficient. This unique product offers a comprehensive solution for on-street parking, parking lots, and toll booths. EasyPark simplifies the monitoring and collection of parking fees, eliminates fraud and reduces cash handling.

Why Parx?

• PARX Ltd. is providing parking payment solutions to municipalities and parking operators across the world

• Solutions implemented on a nationwide scale
• In-house production facility
• Fully leverages patents, IP & know-how across the entire value chain
• 24/7 local technical support with strong R&D and engineering team 

• PARX is a subsidiary of On Track Innovations Ltd. (“OTI”) ( NASDAQ : OTIV) - a leading provider of secure contactless smart card solutions having:

  •  Strong balance sheet

  •  Cutting-edge technology

OTI – Parx’s Parent Company

On Track Innovations, Ltd (OTI), established in 1990, OTI (Nasdaq: OTIV) designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products.

OTI’s technology offers commercially available, field-proven, contactless solutions, based on OTI’s significant patents and intellectual property covering the entire value chain, including manufacturing techniques, product design and applications. OTI delivers cards, readers, operating systems and complete solutions that are scaleable, offering high functionality, security and flexibility. For more information go to: http://www.otiglobal.com