euro adhoc: init innovation in traffic systems AG / other / init wins tender in Dubai

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06.09.2007

init innovation in traffic systems AG and its cooperation partner
Electrical Contracting Co. L.L.C. Dubai (a company of Fahad A.
Alnafisi & Sons Group) have won a tender put out by the Roads and
Transport Authority (RTA) of Dubai. Under the contract, the
Karlsruhe-based telematics specialist will provide a telematics
system required for the set-up of a local public transportation
system in the U.A.E. The appropriate "letter of acceptance" has now
been signed and the specifics of the contract will be established in
the next few weeks.

Among other aspects, the tender includes the equipment of over 1,300
buses with on-board computers and the set-up of a fleet management
and information system. The order volume allocated to init is
expected to be in the double-digit million euro range and will thus
be the biggest individual contract in company history.

Over the next four years, the Arabian Emirate of Dubai plans to
invest more than 5 billion euros setting up a local public
transportation system which will include buses, water taxis and a
metro. Responsible for the planning and implementation of all
transportation and traffic investments is the state-owned RTA. The
RTA had explicitly been given instructions by the government to
establish a local public transportation system by 2010, the quality
and service of which was to be on a par with international standards
and indeed was to raise the bar in the world.

The individual components for this system thus had to meet the most
stringent requirements and accordingly, underwent an appropriately
exacting selection process. Winning this tender is thus a
confirmation for init of the superior technological efficiency of its
products. At the same time, Dubai will be an international reference
project that will pave the way beyond the Arabian region.

The Dubai contract has raised the order volume of init to more than
90 million euros. Consequently, the anticipated increase in sales for
2008 is already largely guaranteed.

end of announcement euro adhoc 06.09.2007 11:52:12
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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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