init innovation in traffic systems SE

Regulatory Filings • Jul 2, 2004

News Details

Ad-hoc | 2 July 2004 10:40

Init AG: init wins another major US contract

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– init wins another major US contract – Clark County Transportation Authority, in Washington State, orders Intelligent Transportation System (ITS) – Contract Exceeds US$ 3 million init innovation in traffic systems AG has won a major contract in the USA. The Clark County Transportation Authority (C-TRAN), in the state of Washington, has now ordered the supply of an Intelligent Transportation Systems (ITS) from US subsidiary INIT Inc. By the year end of 2005, init is to equip 165 vehicles and the C-TRAN’s central operation headquarters with the required hardware and software. The total contracted amount will exceed US$ 3 million. The addition of this project strengthens init’s position as technological leader in integrated telematics systems for urban public transport on the North American market. Moreover, init is currently involved in tenders worth approx. US$ 100 million in North America. For more details please contact Mr. Brunner Tel: +49(0)89-139596-33 or ir@initag.de. end of ad-hoc-announcement (c)DGAP 02.07.2004 ——————————————————————————– WKN: 575980; ISIN: DE0005759807; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 021040 Jul 04