init innovation in traffic systems SE

Regulatory Filings • Oct 11, 2013

News Details

Ad-hoc | 11 October 2013 15:52

init innovation in traffic systems AG: Strategic success: first major contract in France

init innovation in traffic systems AG / Key word(s): Incoming Orders/Tender Offer

11.10.2013 15:52

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Karlsruhe/Avignon, 11 October 2013. init innovation in traffic systems AG
has achieved a major strategic milestone in its pursuit to tap into new
markets. As announced by the local authority Le Grand Avignon, init has
been commissioned to deliver and install a new control system (ITCS) for
the local public transport company TCRA (Transport en Commun de la Région
d'Avignon), a subsidiary of the TRANSDEV Group, in the Avignon region as
well as to equip over 250 vehicles with the necessary hardware and
software. This first major order for init in France has a volume of more
than EUR 5 million.

In Avignon, a modern init solution is to replace the existing control
system and be put into operation by the end of 2014. In this first phase,
around 150 public buses and 80 school buses are to be integrated into the
new Intermodal Transport Control System (ITCS). In the second phase of the
project, which is due to be completed by 2016, the 24 vehicles running on
the newly constructed tram lines are to be linked up to the system.

TRCA conveys more than 10 million passengers a year in the Avignon urban
centre and intends to further expand its service over the years to come.
The successful conclusion of this major project, which is now in full
swing, opens up additional options for init.

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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 Announcement DGAP News-Service

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