init innovation in traffic systems SE

M&A Activity • Dec 10, 2001

News Details

Ad-hoc | 10 December 2001 07:15

Init AG english

Another successful tender for Init in the USA Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Another successful tender for Init in the USA Rock Island, Illinois has also decided in favour of Init telematics and automatic passenger counting systems. Once again, a transportation company in the USA has chosen technology for integrated telematics and automatic passenger counting systems from init innovation in traffic systems AG, Karlsruhe. The US-subsidiary, INIT Inc. was awarded the tender by the Board of Trustees of Rock Island County Metropolitan Mass Transit District, Illinois for the equipment of buses and of the control center with hard- and software components. The order volume amounts to approximately 1.5 million US dollars. Just a few days ago, Init was awarded respective tenders totalling to about 3 million US dollars by two other transportation companies in the US states of Indiana and Illinois. The decision made will effect the sales figures of init innovation in traffic systems AG for the year 2002. Thus, the planned sales volume for the North America business, as well as the target of an increase in sales of more than 140% in this region for the business year 2002, are as of today already secured with orders. Decisions on other tenders totalling more than 10 million US dollars will be made in the next weeks. Here, Init is also confident of having good prospects for additional orders. For further information please contact Mr. Bernd Gorenflo, telephone +49 / 721 / 61 00 358 or mail ir@initag.de end of ad-hoc-announcement (c)DGAP 10.12.2001 ——————————————————————————– WKN: 575980; ISIN: DE0005759807; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München und Stuttgart 100715 Dez 01