euro adhoc: init innovation in traffic systems AG / other / init wins follow-up contract in Canada

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05.02.2007

With plans to extend its integrated telematics system in 2007, the
Regional Municipality of York, Ontario, Canada, located just north of
Toronto, continues to rely on hardware and software from init
innovation in traffic systems AG. This was confirmed when INIT
Innovations in Transportations Inc. in Chesapeake/USA, the North
American subsidiary of the Karlsruhe-based turnkey supplier of
integrated telematics and fare collection systems for buses and
trains, recently received a follow-up contract worth several million
Euro to install integrated telematics system on 270 additional buses.
Since 2005, the Regional Municipality of York has made efforts to
establish one of the most modern public transit systems in Canada.
From the very beginning, init has been involved in these efforts and
has successfully installed its Intelligent Transportation System
(ITS) on the initial 85 vehicles of the "VIVA" Bus Rapid Transit
(BRT) system currently operation in Region. Over the next few months,
init will equip an additional 270 vehicles with hardware and
software. The entire fleet of the York Region will then feature the
latest technology. Four independent operating companies managing
their operations from independent depots and control facilities will
be integrated into a fully integrated Regional system to ensure that
all aspects, including the passenger information service, are handled
uniformly using the same system. Canada is currently the fastest
growing foreign market for init. Consequently, two subsidiaries were
established there in the last year enabling init to participate more
intensively in tenders in the Canadian market.

end of announcement euro adhoc 05.02.2007 07:37:23
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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
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