init innovation in traffic systems AG

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Canada: init was awarded 35 Mio. Dollar (CAD) contract

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 03.01.2006 init innovation in traffic systems AG was awarded its biggest contract so far in British Columbia, Canada, with a volume exceeding 35 million Canadian Dollars (25 Mio. Euro) by the transit company in Vancouver. TransLink, the Greater Vancouver Transportation Authority has chosen INIT Inc., the North American subsidiary of init innovation in traffic systems AG, for the supply of an Intelligent Transportation System. The Coast Mountain Bus Company (CMBC) will operate the Bus Communication System (BCS). The specialist in telematics and electronic management systems will equip 1.296 vehicles, initially, with COPILOTpc, the latest generation of Windows XP embedded based on-board computers. Global Positioning Satellite System (GPS) and a state-of-the-art fully digital private mobile voice and data radio system will allow for more efficient real-time control and optimization of service. The installation is planned to be completed by the end of 2007. Greater Vancouver with its 21 municipalities and covering more than 1.800 square kilometres is a fast growing area and the largest transportation service region in Canada. With more than 200 million system boardings GVTA is also one of the most important key accounts in Northern America. init’s system will support TransLink in their mission to "Keep Greater Vancouver Moving". Transit is also key when Vancouver hosts the Winter Olympic Games in 2010. For init, this is yet another major step in the extension of its North American business. end of announcement euro adhoc 03.01.2006 07:43:58 -------------------------------------------------------------------------------- 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 Börse Berlin-Bremen / 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

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