init innovation in traffic systems SE

Regulatory Filings • Jun 26, 2002

News Details

Ad-hoc | 26 June 2002 08:01

Init AG english

init wins European tender in Graz Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– init wins European tender in Graz init innovation in traffic system AG has won a tender with a value of over 4 Mio Euros from Graz public transport services (GVB) against well known international competitors. By the end of 2003, the Karlsruhe based telematics provider will equip the operating centre and 270 vehicles with hardware and software. The scheme is part of the upgrading of the public transportation network in the European cultural city for 2003, with which Graz public transport services intend to increase efficiency and raise the appeal for passengers. In addition init, as the prime contractor, will supply the vehicle equipment necessary for the management and transfer of all data and the passenger information system, along with the computer controlled operational guidance system. The contract from Graz, which will be predominantly sales-effective in 2003, is the first in a row of European tenders in which init innovation in traffic system AG is involved. With the equipping of Graz public transport services, init innovation in traffic system AG strengthens its good market position in Austria. Alongside Graz, init telematic systems are also in use in Salzburg as well as with the Austrian federal railway. For further information please contact Mr. Bernd Gorenflo, telephone +49 721 6100-358 or mail ir@initag.de end of ad-hoc-announcement (c)DGAP 26.06.2002 ——————————————————————————– WKN: 575980; ISIN: DE0005759807; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München und Stuttgart 260801 Jun 02