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init innovation in traffic systems AG

EANS-Adhoc: init innovation in traffic systems AG
init wins tender for major project in Abu Dhabi

  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.
14.12.2010
Karlsruhe, 14 December 2010. Init Innovation in Traffic Systems FZE, 
a fully owned subsidiary of init innovation in traffic systems AG, 
has won a tender called by the Department of Transport of Emirate of 
Abu Dhabi (DoT). Under the project, the Karlsruhe-based telematics 
specialist will supply a telematics system as part of the DoT´s 
Master Plan for the development of public transport in Abu Dhabi 
(United Arab Emirates). A "letter of award" to that effect has now 
been issued to init. The details of the contract will be specified 
within the next weeks.
The contract volume attributable to init amounts to approximately AED
80m (approx. EUR 16m). In addition to the setup of an automated 
vehicle management system, the contract also involves equipping the 
entire fleet of 500 buses with on-board computers. A further 860 
buses may be added on as an extension of the public transport 
network.
end of announcement                               euro adhoc

Further inquiry note:

Alexandra Wirthmann
init innovation in traffic systems AG
Investor Relations
Telefon: +49(0)721 6100-102
E-Mail: awirthmann@initag.de

Branche: Semiconductors & active components
ISIN: DE0005759807
WKN: 575980
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade

Plus de actualités: init innovation in traffic systems AG
Plus de actualités: init innovation in traffic systems AG