Netanya, Israel – November 23, 2016 – Optibus announced today it had been selected as a 2016 Red Herring Top 100 GLOBAL Winner, a prestigious list honoring the leading private companies from North America, Europe, and Asia, celebrating unique innovation and technology.

Red Herring’s Top 100 Global list has become a mark of distinction for identifying promising companies and entrepreneurs. Red Herring editors were among the first to recognize that com- panies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

Gady Shlasky, Optibus CEO, commented: “We are both humbled and proud to be selected from the thousands of candidate companies. Optibus was selected based on its latest commercial growth, and our unique vision for the future public transportation. Our current capabilities and unique Optibize™ technology positions Optibus Uniquely with capabilities addressing the future public transportation market”.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the Top 100 Winners. We believe Optibus embodies the vision, drive and innovation that define a successful entrepreneurial venture. Optibus should be proud of its accomplishment.”

The 2016 Red Herring Top 100 GLOBAL award is yet another testament to Optibus׳ growth and success. The company, which develops and mar- kets sophisticated optimization solutions for public transportation operators and agencies, recently won major contracts with bus and tram op- erators in Europe and North America, generating increasing Monthly Recurring Revenues (MRR). Customers who use the Optibize™ technology experience significant Operating Expenses (ОРЕХ) reduction and improved efficiency by utilizing the drivers and vehicles in the most optimal way.