init innovation in traffic systems AG

euro adhoc: init innovation in traffic systems AG
init wins major contract in the USA

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New Contract


INIT Innovations in Transportation, Inc., has been awarded a major contract with Community Transit in Everett, Washington. The US American subsidiary of init innovation in traffic systems AG will equip the complete fleet of Community Transit´s 337 Fixed Route vehicles and 55 Paratransit vehicles with their JAVA-based CAD/AVL software and onboard computers. The project has a volume of 10 Mio. US-Dollar and is scheduled to begin immediately with completion projected in the spring of 2010.

Community Transit operates 64 bus routes in the Seattle metropolitan area and provides more than 10 million passenger rides a year. Community Transit will also utilize other INIT technologies including: on-board next stop displays and announcements with MP3 Voice data center for audio recording, automatic passenger counting system, statistics software for reporting, wireless LAN and real-time passenger information. In addition, INIT will provide an interface to the destination signs, traffic signal priority system, fare boxes and Paratransit Scheduling Software.

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ots Originaltext: init innovation in traffic systems AG
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Further inquiry note:
Alexandra Weiß
Investor Relations
Telefon:  +49(0)721 6100-102

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

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