EANS-News: init innovation in traffic systems AG / init to supply control and information system for the largest public transport project in Canada. The order is about 45 EUR million.

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Contracts

Karlsruhe (euro adhoc) - Karlsruhe/Montreal, 20 February 2013. One of
the largest public transport projects in Canada is currently being
launched by Société de Transport de Montréal (STM). The leading
transit authority in the second most important eco-nomic region in
Canada, is modernising and enhancing its operations in the upcoming
years with a three-digit million expenditure. At the heart of this is
an innovative fleet management system for STM's approximately 1,900
vehicles and a real-time information service via displays,
announcements, Internet and smart phones for the more than 400
million passengers per year. The system will be supplied and
installed by the Canadian subsidiary of the worldwide leading
supplier, init innovation in traffic systems AG (headquartered in
Karlsruhe, Germany). The order volume will be about EUR 45 million
according to the contract modalities currently specified. It is
therefore the largest individual order in the history of the
Karlsruhe-based telematics specialist.

Sixth major project for init in Canada "It was a difficult but fair
competitive tendering process for this innovative technology project.
Therefore, we are very happy that STM is placing the order with us
and has put their confidence in init", emphasises Mrs. Nathalie
Zaidi, President and CEO of INIT Innovations in transportation Inc.
(Eastern Canada). "Managing the fleet of buses in real time will help
to improve STM operations and planning."

init has excellent references in Canada. Montreal is now the sixth
major telematics project implemented for Canadian local transport
companies. Up to now, the biggest was on the occasion of the 2010
Winter Olympics for TransLink in Vancouver. This fleet management and
information system received an innovation award, as have other
installations by init in Canada.

Montreal is a flagship project The order that has now been placed
with init for the so-called iBUS project includes a fleet management
and real-time passenger information system with state-of-the-art
vehicle location, on-board computers for all of the 1,900 vehicles,
audible announcements and displays in the vehicles, displays at the
bus stops, and installation of a digital mobile radio system.
Real-time provision of data for online passenger information on the
Internet, via mobile phones and smart phone apps will be also
integrated. This means that, in the future, not only will STM's
passengers know exactly when their buses are arriving and therefore
be able to better plan their journeys, but the transport operator
itself will also gain flexibility and transparency. "It means that we
will be informed in real time about the traffic situation as well as
the location and the status of the vehicles. This will enable us
reacting to disruptions. We can therefore increase the efficiency of
vehicle use", pointed out STM Senior Manager of Public Affairs Odile
Paradis, speaking to the press.

Following precise specification of the project and initial tests, the
installation of the iBUS system is to begin in 2014 and be completed
two years later.

"Montreal is an absolute flagship project for us. We are sure that
STM will have soon the most modern fleet management and real-time
information system in North America", comments CSO of init AG Dr.
Jürgen Greschner.

About init innovation in traffic systems AG: As worldwide leading
provider in the field of telematic, planning and electronic payment
systems for buses and trains, init helps transport operators make
public transport quicker and more attractive, punctual, and
efficient. Today, more than 300 satisfied customers in over 400
projects worldwide rely on the innovative hardware and software
technology of init. Customers are convinced by the
state-of-the-art-technology of init products. Their modular structure
and high degree of standardisation allows them to be used stand-alone
or integrated individually into an intelligent comprehensive
solution, depending on the requirements of the transport operator. In
2011, with 377 employees (including trainees), init generated a
turnover of EUR 88.7 million with a consolidated profit of EUR 15.1
million.

Further inquiry note:
Simone Fritz
Investor Relations
Tel.: +49 (0)721/6100-115
mailto: ir@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