EANS-Adhoc: init innovation in traffic systems AG / init wins biggest order in group history - contract value of more than 35 million Euro

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.


Karlsruhe, 13 July 2012. init innovation in traffic systems AG (ISIN:
DE0005759807) received through its subsidiary INIT GmbH the largest single order in its group history.

INIT will be the general contractor in a project for a joint tendering group led by Rheinbahn AG Düsseldorf. For this project INIT will set up a TETRA trunked system and install a new Intermodal Transport Control System (ITCS) for the group over the next four years.

In addition to Rheinbahn AG Düsseldorf GmbH, three additional transport companies (Duisburger Verkehrsgesellschaft, Essener Verkehrs-AG and Mülheimer Verkehrsgesellschaft mbH) which are represented by VIA Verkehrsgesellschaft, form part of the tendering group. These transport companies carry approximately 1.3 million passengers daily in the Rhine-Ruhr region.

The Karlsruhe based supplier for telematics will provide the central traffic controls for the four transport companies and the necessary hardware and software (on-board computer, ITCS, dynamic passenger information) for over 1,000 vehicles (buses, trams). When completed the TETRA trunked system which is set up with Motorola about 2,000 radio subscribers will be able to communicate with each other. This will be one of the largest telematics project for public transport ever realized in Germany.

The accurate contract value will be calculated on the basis of the specification and numbers of vehicles to be equipped and options executed by the client and will exceed 35 million Euro.

end of announcement euro adhoc

issuer: 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, Technology All Share stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English

Rückfragen & Kontakt:

Simone Fritz
Investor Relations
Tel.: +49 (0)721/6100-115
mailto: ir@initag.de