Ad-hoc | 21 March 2016 07:27


init innovation in traffic systems AG: Honolulu awarded public transit fare collection contract to init

init innovation in traffic systems AG  / Key word(s): Miscellaneous/Contract

21.03.2016 07:27

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

The Honolulu Authority for Rapid Transportation (HART) has awarded INIT
Innovations in Transportation, Inc. - a wholly owned US subsidiary of init
innovation in traffic systems AG (ISIN DE 0005759807) - as their provider
for the installation and operation of a multi-modal fare collection system.
The contract is expected to be signed soon following the proceedings of the
RFP. After successful contract closure init anticipates a total contract
value of more than 30 Million US$.


21.03.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      init innovation in traffic systems AG
              Käppelestraße 4-6
              76131 Karlsruhe
              Germany
Phone:        +49 (0)721 6100 0
Fax:          +49 (0)721 6100 399
E-mail:       ir@initag.de
Internet:     www.initag.de
ISIN:         DE0005759807
WKN:          575980  
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------