03.01.2006 – 08:19

init innovation in traffic systems AG

euro adhoc: init innovation in traffic systems AG
other
Canada: init was awarded 35 Mio. Dollar (CAD) contract

  Disclosure announcement transmitted by euro adhoc.
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03.01.2006

init innovation in traffic systems AG was awarded its biggest
contract so far in British Columbia, Canada, with a volume exceeding
35 million Canadian Dollars (25 Mio. Euro) by the transit company in
Vancouver. TransLink, the Greater Vancouver Transportation Authority
has chosen INIT Inc., the North American subsidiary of init
innovation in traffic systems AG, for the supply of an Intelligent
Transportation System. The Coast Mountain Bus Company (CMBC) will
operate the Bus Communication System (BCS).  The specialist in
telematics and electronic management systems will equip 1.296
vehicles, initially, with COPILOTpc, the latest generation of Windows
XP embedded based on-board computers. Global Positioning Satellite
System (GPS) and a state-of-the-art fully digital private mobile
voice and data radio system will allow for more efficient real-time
control and optimization of service. The installation is planned to
be completed by the end of 2007. Greater Vancouver with its 21
municipalities and covering more than 1.800 square kilometres is a
fast growing area and the largest transportation service region in
Canada. With more than 200 million system boardings GVTA is also one
of the most important key accounts in Northern America. init’s system
will support TransLink in their mission to "Keep Greater Vancouver
Moving". Transit is also key when Vancouver hosts the Winter Olympic
Games in 2010. For init, this is yet another major step in the
extension of its North American business.

end of announcement                               euro adhoc 03.01.2006 07:43:58

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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