euro adhoc: init innovation in traffic systems AG / other / init wins major contract in the USA (E)

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

04.04.2008

INIT Innovations in Transportation, Inc., has been awarded a major contract with Community Transit in Everett, Washington. The US American subsidiary of init innovation in traffic systems AG will equip the complete fleet of Community Transit´s 337 Fixed Route vehicles and 55 Paratransit vehicles with their JAVA-based CAD/AVL software and onboard computers. The project has a volume of 10 Mio. US-Dollar and is scheduled to begin immediately with completion projected in the spring of 2010.

Community Transit operates 64 bus routes in the Seattle metropolitan area and provides more than 10 million passenger rides a year. Community Transit will also utilize other INIT technologies including: on-board next stop displays and announcements with MP3 Voice data center for audio recording, automatic passenger counting system, statistics software for reporting, wireless LAN and real-time passenger information. In addition, INIT will provide an interface to the destination signs, traffic signal priority system, fare boxes and Paratransit Scheduling Software.

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

end of announcement euro adhoc

emitter: init innovation in traffic systems AG
Käppelestrasse 6
D-76131 Karlsruhe
phone: +49(0)721 6100-0
FAX: +49(0)721 6100-399
mail: info@initag.de
WWW: http://www.initag.de
sector: Semiconductors & active components
ISIN: DE0005759807
indexes: CDAX, Prime All Share, Technologie All Share stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf, Börse Hannover, Börse München
language: English

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