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init innovation in traffic systems AG

init received an additional contract from New York City

Karlsruhe (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
technology/traffic/Following Contract
Karlsruhe/New York City, June 2007.
Following a recent decision by MTA New York City Transit (NYCT), init
has been awarded a modification to its existing contract to expand 
its AVLM system (including init software and hardware) from 1,329 
vehicles by an additional 493 vehicles for its Paratransit fleet, to 
a total of 1,822 vehicles by the fall of 2008. NYCT´s entire 
Paratransit fleet will be provided with on-board mobile data terminal
computers from the North American Intelligent Transportation System 
(ITS) specialist. The contract modification agreement was signed 
recently between the MTA New York City Transit and INIT Innovations 
in Transportation, Inc., the US American subsidiary of init 
innovation in traffic systems AG. Due to a letter of intent given in 
advance, this additional contract has already been registered in our 
order backlog. This contract modification includes the installation 
of the latest generation of the on-board computer COPILOTtouch and 
software. For init, this follow-up project, involving the largest and
most prominent public transportation agency in North America, further
demonstrates the advanced and innovative approach init provides to 
solving the transportation needs in the market and validates init´s 
position as the heading technology provider in the North American 
transportation market. The new contract follows the initial agreement
between NYCT and init for ITS for the Paratransit service, a project 
which commenced at the beginning of 2006. The Paratransit service is 
available to approximately 100,000 registered users who are not able 
to ride accessible buses or subways due to disability. Currently, 
more than 1,300 vehicles are used for this service in New York City. 
In the last stage of the project, 1,822 of these vehicles will be 
equipped with the Automatic Vehicle Location and Monitoring (AVLM) 
system from init to ensure a more efficient management of the fleet 
and to optimize the paratransit service without interruptions to 
regular operations.
end of announcement                               euro adhoc 27.06.2007 12:03:50

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
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