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Abonner init innovation in traffic systems AG

init innovation in traffic systems AG

euro adhoc: init innovation in traffic systems AG
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init wins tender in Dubai

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
06.09.2007
init innovation in traffic systems AG and its cooperation partner 
Electrical Contracting Co. L.L.C. Dubai (a company of Fahad A. 
Alnafisi & Sons Group) have won a tender put out by the Roads and 
Transport Authority (RTA) of Dubai. Under the contract, the 
Karlsruhe-based telematics specialist will provide a telematics 
system required for the set-up of a local public transportation 
system in the U.A.E. The appropriate "letter of acceptance" has now 
been signed and the specifics of the contract will be established in 
the next few weeks.
Among other aspects, the tender includes the equipment of over 1,300 
buses with on-board computers and the set-up of a fleet management 
and information system. The order volume allocated to init is 
expected to be in the double-digit million euro range and will thus 
be the biggest individual contract in company history.
Over the next four years, the Arabian Emirate of Dubai plans to 
invest more than 5 billion euros setting up a local public 
transportation system which will include buses, water taxis and a 
metro. Responsible for the planning and implementation of all 
transportation and traffic investments is the state-owned RTA. The 
RTA had explicitly been given instructions by the government to 
establish a local public transportation system by 2010, the quality 
and service of which was to be on a par with international standards 
and indeed was to raise the bar in the world.
The individual components for this system thus had to meet the most 
stringent requirements and accordingly, underwent an appropriately 
exacting selection process. Winning this tender is thus a 
confirmation for init of the superior technological efficiency of its
products. At the same time, Dubai will be an international reference 
project that will pave the way beyond the Arabian region.
The Dubai contract has raised the order volume of init to more than 
90 million euros. Consequently, the anticipated increase in sales for
2008 is already largely guaranteed.
end of announcement                               euro adhoc 06.09.2007 11:52:12

Further inquiry note:

Alexandra Weiß
Investor Relations
Telefon: +49(0)721 6100-102
E-Mail: aweiss@initag.de

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

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