init innovation in traffic systems AG

euro adhoc: init innovation in traffic systems AG
init wins major Munich contract before 2006 World Cup

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init innovation in traffic systems AG has won a major contract from Münchner Stadtwerke, the second-largest local public transport company in Germany for its subsidiary Münchner Verkehrsgesellschaft (MVG). Accordingly, the specialist in telematics and electronic fare collection systems will fit the operating center of MVG with a new computer-aided dispatch and automatic vehicle location system, MOBILE-CAD/-AVL. In addition, all new MVG buses will gradually be provided with the on-board computer COPILOTpc from init. The scope of supply will be completed by other software components such as the dynamic passenger information system MOBILE-STOPinfo. The CAD/AVL is scheduled for operation before the start of the Football World Cup in April 2006. The order volume in this phase amounts to around 4 million Euro. The gradual renewal of the current MVG fleet totaling around 600 buses and trams will add further equipment. The contract now concluded also includes maintenance of the system over several years. The decision of Münchener Stadtwerke is the first in a number of tenders for the modernization of the local public transport. init is hopeful that it will be able to generate further contracts.

end of announcement                                euro adhoc 03.05.2005 11:35:06

Further inquiry note: Alexandra Weiß Investor Relations Telefon:  +49(0)721 6100-102 E-Mail:

Branche: Semiconductors & active components
ISIN:      DE0005759807
WKN:        575980
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
              Berliner Wertpapierbörse / 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
              Bremer Wertpapierbörse (BWB) / free trade

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