Ad-hoc | 12 July 2004 08:30

init obtains major Canadian order worth over CAN $ 10 million

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– init obtains major Canadian order worth over CAN $ 10 million York Region, located north of Toronto, Canada, is to equip its new rapid transit network with hardware and software from init innovation in traffic systems AG. The major order for this has today been received by INIT Inc., the North American subsidiary of the Karlsruhe turnkey provider of telematics and payment systems for buses and trains. As subcontractor of the Canadian Kiewit-EllisDon partnership, init will begin supplying an Intelligent Transportation System (ITS) to York Region over the next several months. This system comprises of the complete telematics and traffic management infrastructure as well as the hardware and software for an initial 77 vehicles of the Bus Rapid Transit (BRT) project. It also includes traffic signal priority equipment, a passenger information system and an automatic passenger counting system. The order volume in this phase alone is over CAN $ 10 million (approx. EUR 6 million). The rapid transit system in the York Region could be expanded after the first phase is fully implemented in 2006. init will be looking to obtain follow-up orders in equipping a larger number of vehicles and in developing the infrastructure. For further information please contact Ms. Alexandra Weiß +49 721/6100-102, Mail ir@initag.de or Mr. Sebastian Brunner +49 89/139596-33 end of ad-hoc-announcement (c)DGAP 12.07.2004 ——————————————————————————– WKN: 575980; ISIN: DE0005759807; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 120830 Jul 04