init innovation in traffic systems AG

EANS-Adhoc: init innovation in traffic systems AG
init wins biggest order in group history - contract value of more than 35 million Euro


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  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
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13.07.2012

Karlsruhe, 13 July 2012. init innovation in traffic systems AG (ISIN:
DE0005759807) received through its subsidiary INIT GmbH the largest single order
in its group history.

INIT will be the general contractor in a project for a joint tendering group led
by Rheinbahn AG Düsseldorf. For this project INIT will set up a TETRA trunked
system and install a new Intermodal Transport Control System (ITCS) for the
group over the next four years.

In addition to Rheinbahn AG Düsseldorf GmbH, three additional transport
companies (Duisburger Verkehrsgesellschaft, Essener Verkehrs-AG and Mülheimer
Verkehrsgesellschaft mbH) which are represented by VIA Verkehrsgesellschaft,
form part of the tendering group. These transport companies carry approximately
1.3 million passengers daily in the Rhine-Ruhr region.

The Karlsruhe based supplier for telematics will provide the central traffic
controls for the four transport companies and the necessary hardware and
software (on-board computer, ITCS, dynamic passenger information) for over 1,000
vehicles (buses, trams). When completed the TETRA trunked system which is set up
with Motorola about 2,000 radio subscribers will be able to communicate with
each other. This will be one of the largest telematics project for public
transport ever realized in Germany.

The accurate contract value will be calculated on the basis of the specification
and numbers of vehicles to be equipped and options executed by the client and
will exceed 35 million Euro.


Further inquiry note:
Simone Fritz
Investor Relations
Tel.: +49 (0)721/6100-115
mailto: ir@initag.de

end of announcement                               euro adhoc 
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issuer:      init innovation in traffic systems AG
             Käppelestraße 6
             D-76131 Karlsruhe
phone:       +49(0)721 6100-0
FAX:         +49(0)721 6100-399
mail:     info@initag.de
WWW:      http://www.initag.de
sector:      Semiconductors & active components
ISIN:        DE0005759807
indexes:     CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
             Stuttgart, regulated dealing/prime standard: Frankfurt 
language:   English
 

 

 



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