init innovation in traffic systems SE

Regulatory Filings • Jan 28, 2015

News Details

Media | 28 January 2015 13:08

init innovation in traffic systems AG: C-TRAN Vancouver Introduces Electronic Fare Management from init

(DGAP-Media / 2015-01-28 / 13:08)

Chesapeake, USA / Karlsruhe, Germany

C-TRAN (Clark County Public Transportation Benefit Area) recently signed a contract with init for the delivery of a state of the art electronic fare collection system in Vancouver, Washington. C-TRAN will equip their fleet of more than 100 vehicles with PROXmobil ticket terminals that when fully operational, will offer their passengers both Closed Loop and Open Payment fare options. The agreement was made in cooperation with the transit agency of Portland, TriMet (Tri-County Metropolitan Transportation District of Oregon), who awarded init the contract for an account-based fare management system in April of 2014. init will provide a seamless integration of C-TRAN with the regional e-fare system operated by TriMet.

The account-based fare management system will allow passengers the convenience of simply tapping their smart cards, smartphones or contactless credit card to pay for fares within the region. init’s Central Processing System, MOBILEvario , will be used to deliver processing and clearing of revenues for both agencies. MOBILEvario will offer greater flexibility and ease of mobility when traveling on the bi-state transportation systems, including fare capping which automatically offers travelers the lowest possible fare.

Because of the Open Architecture, the project will create greater synergy between the neighboring cities and throughout the surrounding service area by providing a completely interoperable system. MOBILEvario’s online validation server will process all account transactions providing accurate, split second revenue processing, while at the same time protecting individual agency data and fare structures.

“We are excited to be working with TriMet and init on this enhanced electronic fare system” said C-TRAN Chief Financial Officer Diane O’Regan. “Employing this technology will significantly improve the fare payment and collection processes, making regional travel that much more convenient for transit users in Vancouver and Portland”.

C-Tran’s partnership with init for the execution of a modern electronic fare system adds to the more than 50 Fare Management projects established by init worldwide.

About C-TRAN

C-TRAN operates 30 bus routes within Clark County including seven express commuter routes between Clark County , WA and various points in Portland, OR , and four limited routes that serve TriMet’s MAX Light Rail system.

About init

As worldwide leading supplier of integrated ITS, planning, dispatching and ticketing systems for buses and trains, init has been assisting transport companies in making public transport more attractive, faster and more efficient for more than 30 years. Today, more than 400 customers rely on our innovative hard- and software solutions.

USP of init’s integrated telematics system MOBILE is, that it comprises all daily tasks of public transport providers:

– Planning & Dispatching

– Operations Control & Real-Time Passenger Information

– Ticketing & Fare Management

– Analysing & Optimising

This creates a solution covering the complete production process of public transport. For more efficiency and enhanced service quality.

init products are recognized for their state-of-the-art technology and can be deployed stand alone or integrated into an intelligent overall system tailor-made for the specific needs of the individual customer. Also a step-by-step extension of the system is possible.

End of Media Release

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Issuer: init innovation in traffic systems AG

Key word(s): Information technology

2015-01-28 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG.

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Language:	English
Company:	init innovation in traffic systems AG
	Käppelestraße 4-6
	76131 Karlsruhe
	Germany
Phone:	+49 (0)721 6100 0
Fax:	+49 (0)721 6100 399
E-mail:	ir@initag.de
Internet:	www.initag.de
ISIN:	DE0005759807
WKN:	575980
Listed:	Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of News	DGAP-Media

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