On Track Innovations Ltd. (oti) (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment systems, has appointed Nexus Machines as its exclusive distributor to the Iberian Peninsula, which includes Spain, Portugal and Andorra.

Founded in 1999, Barcelona-based Nexus Machines is a leading manufacturer and distributor of diversified vending machines, including food, beverage, electronics, and industrial to the Iberian Peninsula market. Since 2005, Nexus Machines has led the growing market for Personal Protective Equipment (PPE) vending machines in Spain.

Nexus Machines will incorporate oti's leading NFC-based cashless readers and CONNECT 3000 vending telemetry controller into its installed base of vending machines, as well as into future manufactured vending machines. oti's CONNECT 3000 is designed to enable communication between vending machines, allowing operators to remotely manage a specific machine or an entire fleet. The companies are to go-to-market with the integrated system immediately.

"oti's cashless readers with integrated telemetry is the ideal solution for our growing customer base of vending operators," said Nexus Machines CEO Isaac Guerra Cañisa. "With oti's technology, our customers will be able to easily adopt new payment regulations, and more importantly, control their entire vending machine fleet in real-time. With our deep understanding of the Iberian market, combined with oti's field-proven and industry-leading cashless payment solutions, we are confident the combined platform will achieve significant adoption in the Iberian Peninsula vending machine market."

Eran Bar, oti sales manager for the EMEA region, added: "This new strategic distributorship with Nexus Machines significantly extends our global sales and marketing reach to more effectively penetrate the bourgeoning Spanish and Portuguese markets. Given Nexus Machines' proven track record and deep distribution channels, we believe the distributorship will elevate our visibility and sales traction in these vibrant end markets."

About Nexus Machines Founded in 1999 as a subsidiary of the Italian vending machines manufacturer GPE Vendors, Nexus Machines is a leading manufacturer and distributor of diversified vending machines throughout the Spanish and Portuguese markets. The company also manufactures specific devices and software for Personal Protective Equipment (PPE) applications. For more information about Nexus Machines, visit www.nexusmachines.net.

About oti On Track Innovations Ltd. (oti) is a leader in contactless and NFC applications based on its extensive patent and IP portfolio. oti's field-proven innovations have been deployed around the world to address NFC and other cashless payment solutions, petroleum payment and management, cashless parking fee collection systems and mass transit ticketing. oti markets and supports its solutions through a global network of regional offices and alliances. For more information, visit www.otiglobal.com.