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EANS-News: init innovation in traffic systems AG
Dubai upgrades transportation system with init technology - New contract for 500 passenger information displays

Karlsruhe (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Company Information/Order from Dubai
Karlsruhe, September 9, 2009. The Emirate of
Dubai is working at great pace to set up a modern public 
transportation system - and continues to opt for innovative 
technology from Karlsruhe. init innovation in traffic systems AG has 
now been commissioned to provide some 500 passenger information 
displays for a Real-Time Passenger Information System (RTPI), which 
are to be installed by 2010. The RTPI system will be integrated into 
the telematics system, also supplied by init, to allow passenger 
information in real time. The TFT display PIDvisio and PIDscreen 
developed by the Karlsruhe-based telematics specialist will show 
passengers in real time when the next bus of a specific line is due. 
Together with the recently announced order from Dubai, the total 
volume amounts to considerably more than EUR 10M.
The Real-Time Passenger Information System is a key component of the 
public transportation system which the RTA (Roads and Transport 
Authority) in Dubai is setting up by 2010. In terms of quality and 
service, it will set the standard worldwide, so that the components 
are required to meet the most stringent standards. "We are all the 
more delighted that they (Dubai) have once more opted for technology 
from init. It shows that our systems have a very high status even at 
an international level," init CSO Dr. Jürgen Greschner said. "We are 
proud that our passenger information displays and the pertinent 
software will now be featured as additional components in this highly
ambitious public transportation project that has been noted 
worldwide." In 2007, init had already provided a telematics system 
for the setup of a local public transportation service (ÖPNV) in 
Dubai and now has equipped over 1,300 vehicles with on-board 
computers and hardware.
The display PIDscreen, currently developed by init, set new quality 
standards: In addition to passenger information in Arabic, the 37" 
TFT displays can also show pictures, pictograms, maps or videos in 
DVD quality. The PIDscreen thus has a much wider range of 
visualization options than any conventional LED display. The displays
are a modern communication platform between the RTA Dubai and its 
customers. The communication between the control center and the 
passenger information displays is handled in real time via GPRS.
Project with significant signal effect
"We believe that the Arab region will develop quite significantly 
over the coming years in terms of local public transportation," said 
Eyad Tayeb, Managing Director of Init innovation in traffic systems 
FZE, the subsidiary of init in Dubai. "The project with RTA Dubai has
a key signal effect for the entire region. We can see a considerable 
increase in demand for our technology here." By 2011, the Emirate of 
Dubai alone will invest over five billion euros in the setup of a 
local public transportation system that will include buses, water 
taxis and a metro.
The work on the Real-Time Passenger Information System has already 
begun and is due to be finished by next year. init is involved in 
this project as an integration and installation partner of the 
general contractor, Bond Communications Group, and will also handle 
the maintenance of the displays.
Further information on init innovation in traffic systems AG: As a 
leading global supplier of telematics and electronic fare payment 
systems for buses and railways, init helps transportation companies 
provide faster, highly reliable and more efficient public 
transportation and thus a more attractive service. Today, more than 
300 satisfied customers in over 400 projects worldwide trust in 
innovative hardware and software technology from init.
In terms of competitive edge, init´s integrated telematics system, 
MOBILE, combines the functions of a central Intermodal Transport 
Control System (ITCS) and other software solutions for the 
preparation, implementation, analysis and optimization of operations 
with the mobile telematics systems in the vehicle and the electronic 
fare payment systems. The connection to the vehicles is established 
by proprietary wireless solutions, or via public telecommunication 
networks.
init products are in demand due to their state-of-the-art technology.
Their modular concept and high level of standardization allow them to
be used autonomously or, depending on the requirements of the 
transportation company, to be integrated individually into an 
intelligent overall solution. As a further option, init products 
allow for gradual system extensions.

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: Frankfurt / regulated dealing/prime standard
Berlin / free trade
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