EANS-Adhoc: init innovation in traffic systems AG / init wins tender for major project in Denver/USA

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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New contract

18.03.2011

Karlsruhe/Chesapeake, 18 March 2011. INIT Innovations in
Transportation, Inc., a fully owned subsidiary of init innovation in
traffic systems AG, has won a tender issued by the Regional
Transportation District (RTD) of Denver, Colorado, to supply a fully
integrated Computer-Aided Dispatch/Automatic Vehicle Location
(CAD/AVL) System and an Integrated Replacement Voice and Data Radio
System to the District´s transit system. The contract has now been
signed.

The contract value amounts to more than $30 million USD. In addition
to the setup of an automated vehicle management system, INIT will
also equip the entire fleet of about 1,000 buses with on-board
computers and passenger information systems. The system will include
automatic location service for approximately 150 additional
support/security vehicles and circa 370 support personnel with GPS
enabled portable radios. In addition, INIT will supply new digital
voice radios for nearly 170 light rail vehicles and more than 320
paratransit vehicles.

After a successful automated passenger counting system installation
in 2002, INIT looks forward to a continued and successful
relationship with RTD. The new project will strengthen INIT´s
position in the North American market while reinforcing our mission
to provide our customers with faster, safer and more efficient public
transit services.

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

Further inquiry note:

Alexandra Wirthmann
init innovation in traffic systems AG
Investor Relations
Telefon: +49(0)721 6100-102
E-Mail: awirthmann@initag.de

Branche: Semiconductors & active components
ISIN: DE0005759807
WKN: 575980
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
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