init innovation in traffic systems AG
EANS-News: init innovation in traffic systems AG
init enters electronic fare
collection market in North America
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Contracts/New contract Karlsruhe (euro adhoc) - July 14th, 2011. init innovation in traffic systems AG enters a new market in North America with its electronic fare collection solutions for public transport. After achieving the leading position in the market of fleet management and real-time systems in North America, now for the first time, the Karlsruhe-based supplier for telematics and electronic fare collection systems has been successful in a tender for a major electronic fare collection project in the USA. INIT Innovations in Transportation, Inc., a subsidiary of init innovation in traffic systems AG, has been awarded a landmark contract with Sacramento Area Council of Governments (SACOG) in California for the installation of a multi-agency electronic fare collection solution on over 500 of the agencies´ buses and at more than 80 locations on rail station platforms. The contract calls for the implementation of smartcard passenger terminals (PROXmobil), Add Fare Machines (AFM), GPS enabled onboard computers, customer service workstations, retail sales terminals (EVENDpc), and a sophisticated back-office fare management system (MOBILEvario) for the Council´s new Connect Transit Card System. The state-of-the-art e-fare system from INIT is part of the Sacramento region´s mission to offer an efficient area-wide transportation system within the region of California´s capital which includes 6 counties and 22 cities with more than 2 million inhabitants. The installation of init´s electronic fare collection technology will give SACOG and the six participating transit operators the ability to increase efficiency and on-time performance by reducing boarding times at stops and decreasing driver workloads. Using init´s PROXmobil smartcard reader, passengers will tap their fare cards when boarding buses or at platforms before boarding trains and again when debarking which will automatically debit the exact fare for that ride. The agency has opted for init´s EVENDpc as a retail sales terminal which provides transit riders the ability to easily purchase or top up smartcards at several retail locations throughout the region. The process of managing all relevant fare details, including revenue share between agencies, will be easily handled through INIT´s back-office system, MOBILEvario. This software solution allows the Sacramento area transit operators to handle all fare collection and clearing processes with ease and efficiency while streamlining work processes and enhancing services for passengers in the Sacramento region . "Although init has installed successful electronic fare collection systems around the world, the contract with SACOG marks a major milestone as it is the first of its kind in the North American market. Sacramento is a highly regarded reference project and may further open new opportunities in the e-fare collection market", says Dr. Jürgen Greschner, CSO of init innovation in traffic systems AG. About SACOG The Sacramento Area Council of Governments (SACOG) is an association of local governments in the six-county Sacramento region that provides transportation planning and funding for the region, and serves as a forum for the study and resolution of regional issues. Its members include the counties of El Dorado, Placer, Sacramento, Sutter, Yolo, and Yuba, as well as an additional 22 cities within the Sacramento region. About init As a leading global supplier of telematics and electronic fare payment systems for buses and railways, init helps transportation companies provide faster, highly reliable and more efficient public transportation and thus a more attractive service. The init group has provided Intelligent Transportation Systems (ITS) and electronic fare management for public transport for more than 25 years now. Today, more than 300 public transport companies in 400 projects worldwide rely on INIT´s innovative integrated hardware and software technology. MOBILE, init´s integrated product family, comprises ITCS software and hardware, e-fare collection solutions, data and voice radio systems, next stop displays and announcement systems, scheduling software for fixed-route and on-demand services, real-time passenger information at stops and stations, via the Internet or mobile phone, TSP (Traffic Signal Priority), APC (Automated Passenger Counting), an integrated suite of planning and optimizing tools and much more. Due to its modular design, all products can be used as a stand-alone system or be integrated, even with third-party systems. init products are in demand due to their state-of-the-art technology. Their modular concept and high level of standardization allow them to be used autonomously or, depending on the requirements of the transportation company, to be integrated individually into an intelligent overall solution. As a further option, init products allow for gradual system extensions. Further inquiry note: Alexander Güntert Tel.: +49 (0)721 6100-316 E-Mail: aguentert@init-ka.de end of announcement euro adhoc -------------------------------------------------------------------------------- company: 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: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, Hannover, München language: English