euro adhoc: init innovation in traffic systems AG / other / init wins contract from Japanese LRV manufacturer worth millions

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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19.12.2006

init innovation in traffic systems AG has been awarded a contract
worth millions by Kinkisharyo International. The Japanese group
intends to equip 115 light rail vehicles with hardware and software
from init. The vehicles will subsequently be used by the Dallas Area
Rapid Transport (DART) located in the state of Texas, USA. init will
supply the required equipment, including on-board computers, mobile
data terminals, information systems, vehicle location systems, and
communication technology. The delivery of equipment to the
transportation company in the Texan metropolis will commence in
mid-2007 and is scheduled for completion by 2010. The exact order
volume is agreed by both parties not to be disclosed.

This is the first project in which init will cooperate with the
Japanese vehicle manufacturer, and the first init contract received
from Japan. Furthermore, the Karlsruhe-based specialist in telematics
and electronic fare collection systems for buses and trains has
gained a further two new customers in Kinkisharyo and DART.

end of announcement euro adhoc 19.12.2006 10:18:57
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ots Originaltext: init innovation in traffic systems AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Alexandra Weiß
Investor Relations
Telefon: +49(0)721 6100-102
E-Mail: aweiss@initag.de

Branche: Semiconductors & active components
ISIN: DE0005759807
WKN: 575980
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade


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