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On Track Innovations Ltd. (OTI) Annual General Meeting Will Take Place as Planned

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ROSH PINA, Israel, Oct. 30, 2012 (GLOBE NEWSWIRE) -- On Track Innovations Ltd. (the "Company") (Nasdaq: OTIV) today announced that on October 29, 2012, the Company advised Mr. Jerry Ivy, a shareholder of the Company, that there is no basis for his request to cancel the Company's annual general meeting scheduled for November 9, 2012 or remove certain matters from the agenda for such meeting and therefore the annual general meeting will take place as planned.

Mr. Ivy's request was made in a letter that was attached to his Schedule 13D/A filed with the Securities and Exchange Commission on October 22, 2012.

The On Track Innovations Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5736

CONTACT: OTI Contacts: Galit Mendelson VP, Corporate Relations 732 429 1900 ext. 111 galit@otiglobal.com Investor Relations: Todd Fromer / Garth Russell KCSA Strategic Communications 212-896-1215 / 212-896-1250 tfromer@kcsa.com /grussell@kcsa.com

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