init innovation in traffic systems SE

Regulatory Filings • Jul 11, 2002

News Details

Ad-hoc | 11 July 2002 07:57

Init AG english

init wins the biggest contract in the companys history, 100 Mio SEK. Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– init wins the biggest contract in the companys history, 100 Mio SEK. init innovation in traffic systems AG got the biggest contract in the companys history. The biggest Swedish public transport authority AB Storstockholms Lokaltrafik in Stockholm, signed a contract with a value of more than 100 Mio SEK, approximately 11 Mio Euro. According to this init will equip by end 2004 all approx. 1.700 buses of the public transit authority with a new generation of on-board computers. It is a new development by init, based on PC-technology specifically optimised for automotive use. All application software as well as the communications system for data-transfer based on Wireless LAN-technology between 24 depots and the buses are included. In addition init delivers a system for passenger information on-board of the vehicles. The contract includes also options for the delivery of a computer aided dispatch system (CAD,AVL) plus other hard- and software components. This new Stockholm project is the forth big contract for Init in Sweden. AB Storstockholms Lokaltrafik is customer of the Karlsruhe based supplier of telematic systems since 1990. The leading swedish public transport authority wants to set a new standard with this new on-board computer generation developed by Init. Other Scandinavian public transport authorities have already shown interest in this innovation. For more information please contact Mr. Bernd Gorenflo, telephone +49 / 721 / 6100358 or mail ir@initag.de end of ad-hoc-announcement (c)DGAP 11.07.2002 ——————————————————————————– WKN: 575980; ISIN: DE0005759807; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München und Stuttgart 110757 Jul 02