EANS-Adhoc: init innovation in traffic systems AG / init USA wins another significant contract

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24.09.2009

Karlsruhe/Chesapeake, September 24, 2009. INIT Innovations in
Transportation Inc., the North American subsidiary of Karlsruhe-based
telematics specialist init innovation in traffic systems AG, will be
awarded another major contract in the Pacific North West of the US.
The Board of Tri-Country Metropolitan Transportation District of
Oregon (TriMet, located in Portland, Oregon), one of the leading
local public transportation providers in the USA with in excess of
100 million passengers per year, now decided to commission init as
the prime contractor to provide a turnkey integrated control system
with automatic vehicle location and passenger counting function
including the implementation of a digital mobile radio system which
INIT will build in cooperation with General Electric Transportation,
LLC. The contract is going to be concluded within the next weeks.

The contract further involves the equipping of some 1,200
paratransit, fixed route buses, light rail and supervisory vehicles.
The order volume amounts to more than 35 Mio. USD. The project is due
to start in October 2009 and will initially run for two and a half
years. After a successful Automatic Passenger counting project with
Trimet this CAD/AVL project constitutes a further milestone in the
partnership between INIT and TriMet.

TriMet operates extensive bus lines as well as a light rail and
paratransit network in the Portland region, which at over 1 million
inhabitants, is one of the fastest growing economic areas in North
America. The local public transportation network set up and operated
by TriMet is considered one of the most innovative systems in the
USA. Portland is the third largest metropolitan region in the Pacific
North West, after Seattle, WA and Vancouver, B.C. The transit
agencies in these two cities have already chosen INIT as their ITS
provider, further expanding INIT´s presence on the West Coast.

Further information:

In its tenth year of existence, INIT Inc., which is headquartered in
Chesapeake, Virginia, has thus won more than 20 significant projects
and customers on the North American continent.

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. Today, over 300
local public transportation providers worldwide trust in innovative
hardware and software technology from init. In terms of competitive
edge, the integrated telematics system MOBILE from init combines the
functions of a central Intermodal Transport Control System (ITCS,
INIT´s next generation of CAD/AVL) and other software solutions for
the preparation, implementation, analysis and optimization of
operations with the mobile telematics systems in the vehicle and the
electronic fare payment systems. The connection to the vehicles is
established by proprietary wireless solutions or via public
telecommunication networks.

init products convince due to 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. A further option are gradual system
extensions.

Ende der Mitteilung euro adhoc
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ots Originaltext: init innovation in traffic systems AG
Im Internet recherchierbar: http://www.presseportal.de

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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