On Track Innovations (OTIV) Receives Favorable Ruling in NFC Patent Case (TMUS)

On Track Innovations Ltd. ("OTI") (Nasdaq: OTIV) announced that it received today the favorable decision on claim construction in the patent infringement lawsuit alleging that Near Field Communication (NFC) enabled phones sold by T-Mobile USA, Inc (NYSE: TMUS) infringe OTI's U.S. Patent No. 6,045,043 (the "'043 patent"). The Honorable Judge Alison J. Nathan's "adopt[ed] [OTI's] proposed constructions of all four disputed terms."

The lawsuit is pending in the United States District Court for the Southern District of New York and was filed in March, 2012. Today's decision followed two days of proceedings last month, including a technology tutorial followed by a claim construction argument before the Court. The Court considered the meaning of certain technical terminology used in the '043 patent. A copy of today's decision can be found here http://otiglobal.com/Press_Releases.

"Today's decision validates OTI's intellectual property and strongly supports our view that the '043 patent is fundamental to every NFC-enabled phone," said OTI's CEO, Ofer Tziperman. The '043 patent is part of OTI's extensive intellectual property portfolio, including over two dozen issued patents and pending patent applications in the US and numerous more around the world encompassing product applications, software platforms, system and product architecture, product concepts and more in the fields of NFC, contactless payments, secure ID, petroleum and parking solutions.

OTI is a pioneer in the contactless payment market and supported MasterCard® and Visa®, among others, in the creation and implementation of contactless transaction processing and payment solutions. OTI provides NFC devices and reader solutions including the COPNI (Contactless Payment and NFC Insert) device, which adds NFC capability to existing (non-NFC) mobile phones.

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