init innovation in traffic systems AG
Oslo Metro joins init customers
Karlsruhe (euro adhoc) -
Initially, 17 underground stations to be provided with display technology
init prevails against competitors after several months of tests
Option of upgrading other stations
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technology
The Norwegian capital has proven to be a good place for init innovation in traffic systems. Over the past few years, around 1000 buses and trams have provided an even faster and more schedule-efficient service using telematics systems from init. The current INIT system is operated by Trafikanten Oslo.
Now, the Norwegian success story of the Karlsruhe-based telematics specialist will have a sequel underground. Kollektivtransportproduksjon AS, the responsible organisation for public transportation in Oslo and the parent company of Oslo T-banedrift - the operator of the Oslo metro, opted for LED displays from init in its decision to modernize the stations.
"We are delighted about our new customer in the Norwegian capital, as it will allow us to further intensify our excellent customer relations with Oslo, which we have enjoyed for some years now. At the same time, this project will also be a key reference for other Scandinavian cities," says init CSO, Dr. Jürgen Greschner.
Above and below ground - Oslo backs technology from init
By the end of the year, 60 LED station display systems of the type PIDstation will initially be installed at 17 heavily frequented stations, the majority of which are part of Oslo´s underground circle line, T-baneringen. These systems will be fed with real-time data using the existing dynamic passenger information system SIS from init. Further T-bane stations may be fitted with the LED display systems from init in the future.
At around 69 million passengers per year, the T-bane is second only to the bus in terms of public transportation used in Oslo. The underground network in the Norwegian capital has a trackage of some 85 kilometres and comprises 104 stations operating a total six metro lines. All lines pass through what is known as the city centre tunnel. Here, too, the display systems from init ensure that passengers in the stations always know exactly on which platform to expect their train and when the next service is due.
That the station display systems from init are perfect for this was proven in a test run carried out over several months. Three LED display systems were installed at central stations and fed with real-time data using the SIS system. In the course of this test, init managed to prevail against two of its competitors to be finally awarded the contract.
Information on init innovation in traffic systems AG:
In 1983, the Karlsruhe-based company was founded by Dr.-Ing. Gottfried Greschner as a university spin-off. Since 2001, init innovation in traffic systems AG has been quoted on the stock exchange as a company listed in the Prime Standard segment of Deutsche Börse. As one of the world´s leading suppliers of telematics and electronic fare collection systems for buses and railways, init enables transportation companies to make local public transportation more attractive by providing a faster, more reliable and highly efficient service. In fiscal 2007, the company employed over 240 staff to generate sales totalling 46.8 mio. Euros and an annual net profit of 5.3 mio. euros.
end of announcement euro adhoc
Further inquiry note:
Alexandra Weiß
Investor Relations
Telefon: +49(0)721 6100-102
E-Mail: aweiss@initag.de
Branche: Semiconductors & active components
ISIN: DE0005759807
WKN: 575980
Index: CDAX, Prime All Share, Technologie All Share
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