init innovation in traffic systems AG

EANS-Adhoc: init innovation in traffic systems AG
Another major order for init: Transport association Luxembourg won as a new customer


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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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other/Order
11.12.2012


Karlsruhe/Luxembourg, 11 December 2012. Init innovation in traffic systems AG
has won another major contract and a new customer reference in Europe: The
transport association Luxembourg has awarded the Karlsruhe based telematics
specialist with the delivery of an integrated system for control, passenger
information and electronic fare collection (e-ticketing). For the association of
34 private and 3 public transport companies of the Grand Duchy init will equip
in the next four years operating centers, stops and around 920 vehicles with
appropriate hardware and software. The order volume for this first stage of
extension will be in the lower two-digit millions.
This integrated system controls almost the entire local public transport in the
mother country of the European Union. A special feature of the project is the
connection to neighbouring light rail systems in Belgium, Germany and France.
init will also implement the interfaces for Luxembourg's cross-border ticketing
in these countries. Moreover the order also includes the supply of stationary
ticket vending machines and passenger information displays.
In the final stage further 400 vehicles are to be equipped with hardware and
software from init. After a successful implementation of the project there are
even more options possible.


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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