init innovation in traffic systems AG
EANS-News: init innovation in traffic systems AG
init strengthens UK market
position: major order for e-ticketing in Nottingham
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Contracts Karlsruhe (euro adhoc) - The most up-to-date solution for integrated ticketing in Europe is currently being realised in the Midlands, UK Karlsruhe-based system supplier is providing hardware and software for approximately EUR 8 million Karlsruhe/Nottingham, 12 December 2012. Dubbed as England's least car dependent city, Nottingham's public transport system is already a model to admire. The dedication of Nottingham (which is twinned with Karlsruhe) and effort does not however end there. init innovation in traffic systems AG has received two major orders with a total volume of approximately EUR 8 million. This further investment is funding the realisation of Europe's most up-to-date integrated ticketing solution in Nottingham. With more than 40 million customer journeys per year, the independent bus operator trent barton and predecessors have operated quality bus services in Nottingham for over one hundred years. Previously, trent barton implemented init's integrated ticketing solution comprising of Electronic Ticketing Machines (ETM), validators and their innovative MANGO smartcards. The Automatic Vehicle Location (GPS, odometer and door contact) feature of the ETM works together with the refillable electronic purse: MANGO, and passenger terminal allowing for a touch-in / touch-out system. This means that passengers can use their MANGO cards as an alternative to paper tickets and cash transactions by simply waving their card to the validator for the system to automatically calculate the best fare to be charged. Ultimately, a shorter dwell time to support schedule adherence, more satisfied customers and lower operating costs could be achieved. This innovative scheme will be further enhanced with the new order where the latest ITSO Certified ETM EVENDpc will be realised. Amongst many other features, one of the most prominent elements will be the capability to participate in the Greater Nottingham Real Time Passenger Information System, as well as the fact that the new EVENDpc is already EMV-prepared. The outstanding success in ticketing systems has resulted in Tramlink, the bid consortium for the existing and expansion of Nottingham's tram network, to opt for init's innovative ticketing solution too. Passengers will soon be able to use MANGO which can be topped up via cash or via chip & pin debit/credit cards on the self service ticketing vending machines located on platform. Also on the platform, a touch in/out system will be implemented using init's validators. INIT Ltd., the Nottingham based British subsidiary of init innovation in traffic systems AG, is providing the software for the necessary exchange of data and real-time reporting as well as 204 terminals/validators and 118 self service Ticket Vending Machines at the Tramlink stops. An initial phase will see the equipping of the existing NET line 1 then NET lines 2 and 3, once opened. INIT Ltd. will act as supplier and installer for Taylor Woodrow, part of the joint venture appointed constructor for the Nottingham tram extensions. "The new major project in Nottingham permits us to expand our market position in the area of e-ticketing in Great Britain. Additional follow-up orders for our solutions are also emerging in the region", said init Chief Sales Officer Dr Jürgen Greschner when the contract was awarded. E-ticketing solutions from init have already been used successfully worldwide for almost 20 years. Thanks to consistent development with continuous integration of new technologies, today the Karlsruhe-based telematics specialist offers one of the most established modern product portfolios for Ticketing, Fleet management and Real Time Information systems in the market. Within the last twelve months, init has, among other successes, been able to secure its first major e-ticketing project in the USA with Sacramento. init's ticketing solutions can be easily expanded to an integrated Intelligent Transportation System solution for public transportation through for example facilitating real-time information for passengers regarding bus, tram and train departures/arrivals. Information on init innovation in traffic systems AG: The company was founded by Dr Gottfried Greschner (Doctor of Engineering) in Karlsruhe in 1983 as a university spin-off. init innovation in traffic systems AG has been quoted on the stock exchange and listed in the Prime Standard of Deutsche Börse since 2001. As one of the world's leading providers in the field of telematics, planning and electronic payment systems for buses and trams, init helps transport operators make passenger services quicker and more attractive, punctual and efficient. In the 2011 financial year, the company generated turnover of EUR 88.7 million and net profit of EUR 15.1 million, with 377 employees (inclusive apprentice) worldwide. The following individuals would be happy to provide further information: Simone Fritz init innovation in traffic systems AG Kaeppelestraße 6 76131 Karlsruhe Tel.: 0721/6100-115 Fax: 0721/6100-399 ir@initag.de Sebastian Brunner Communications & Consulting Tel.: 0175/5604673 sebastian.brunner@brunner-communications.de Further inquiry note: Janina Bujnoch Assistant Executive Management Tel.: +49 (0)721 6100-102 E-Mail: jbujnoch@initag.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: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English