init received an additional contract from New York City

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technology/traffic/Following Contract

Karlsruhe (euro adhoc) - Karlsruhe/New York City, June 2007.
Following a recent decision by MTA New York City Transit (NYCT), init
has been awarded a modification to its existing contract to expand
its AVLM system (including init software and hardware) from 1,329
vehicles by an additional 493 vehicles for its Paratransit fleet, to
a total of 1,822 vehicles by the fall of 2008. NYCT´s entire
Paratransit fleet will be provided with on-board mobile data terminal
computers from the North American Intelligent Transportation System
(ITS) specialist. The contract modification agreement was signed
recently between the MTA New York City Transit and INIT Innovations
in Transportation, Inc., the US American subsidiary of init
innovation in traffic systems AG. Due to a letter of intent given in
advance, this additional contract has already been registered in our
order backlog. This contract modification includes the installation
of the latest generation of the on-board computer COPILOTtouch and
software. For init, this follow-up project, involving the largest and
most prominent public transportation agency in North America, further
demonstrates the advanced and innovative approach init provides to
solving the transportation needs in the market and validates init´s
position as the heading technology provider in the North American
transportation market. The new contract follows the initial agreement
between NYCT and init for ITS for the Paratransit service, a project
which commenced at the beginning of 2006. The Paratransit service is
available to approximately 100,000 registered users who are not able
to ride accessible buses or subways due to disability. Currently,
more than 1,300 vehicles are used for this service in New York City.
In the last stage of the project, 1,822 of these vehicles will be
equipped with the Automatic Vehicle Location and Monitoring (AVLM)
system from init to ensure a more efficient management of the fleet
and to optimize the paratransit service without interruptions to
regular operations.

end of announcement euro adhoc 27.06.2007 12:03:50
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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

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