init innovation in traffic systems AG

euro adhoc: init innovation in traffic systems AG
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init wins project in New York City

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 02.11.2005 INIT Inc., the North American subsidiary of init innovation in traffic systems AG, was selected by the Metropolitan Transportation Authority of New York to outfit Access-a-Ride vehicles operated by MTA New York City Transit’s Department of Buses Paratransit Division with Intelligent Transportation Technology. The Paratransit Division provides door-to-door transportation for people who can’t ride accessible buses or subways, and has an average weekday ridership of 14,732. Initially, 1,329 Access-a-Ride vehicles will be equipped with COPILOTpc, the latest generation of on-board computers, using Windows XP embedded technology. The Automatic Vehicle Location and Monitoring (AVLM) system allows more efficient real-time control and optimization of the paratransit service using the Global Positioning Satellite System (GPS) and a wireless data communication network. A contract exceeding 16 million US dollars is expected to be signed in the next few weeks. For init, this is yet another major step in the extension of its North American business. end of announcement euro adhoc 02.11.2005 08:59:28 -------------------------------------------------------------------------------- ots Originaltext: init innovation in traffic systems AG Im Internet recherchierbar: http://www.presseportal.de Further inquiry note: Alexandra Weiß Investor Relations Telefon: +49(0)721 6100-102 E-Mail: aweiss@initag.de Branche: Semiconductors & active components ISIN: DE0005759807 WKN: 575980 Index: CDAX, Prime All Share, Technologie All Share Börsen: Frankfurter Wertpapierbörse / regulated dealing Berliner Wertpapierbörse / free trade Hamburger Wertpapierbörse / free trade Baden-Württembergische Wertpapierbörse / free trade Börse Düsseldorf / free trade Niedersächsische Börse zu Hannover / free trade Bayerische Börse / free trade Bremer Wertpapierbörse (BWB) / free trade

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