init innovation in traffic systems SE

Regulatory Filings • Feb 23, 2004

News Details

Ad-hoc | 23 February 2004 08:36

init wins 2 million Euro contract in Oslo

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– init wins 2 million Euro contract in Oslo Oslo and Akershus Trafikkservice AS (OATS), a subsidiary of the largest Public Transport companies in Norway, has placed a contract with INIT for the supply of a computer-aided operating control system for its local and regional public transport. Accordingly, within a year, the Karlsruhe-based supplier of complete, integrated telematics and fare management systems for buses and trains will initially equip 200 vehicles in the Norwegian capital with hardware and software. The order already placed has a volume of over Euro 2.0 million and includes the computer-aided control system, MOBILE-RBL, the on-board computer, COPILOTpc, and equipment controlling traffic light and passenger information systems. In addition, after the successful completion of stage one, the customer is given the option of gradually having its entire fleet of up to 1,250 vehicles equipped. The Oslo call for tender is currently one of the largest telematics projects for the local and regional public transport in Europe. Therefore, init innovation in traffic systems AG considers the contract award a confirmation of its position as technology leader in this area. For further details please contact Mr. Bernhard Schmidt phone +49 / 721 / 6100 398 or Mail ir@initag.de. end of ad-hoc-announcement (c)DGAP 23.02.2004 ——————————————————————————– WKN: 575980; ISIN: DE0005759807; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 230836 Feb 04