EANS-News: init innovation in traffic systems AG / init strengthens UK market position: major order for e-ticketing in Nottingham

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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
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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