init innovation in traffic systems AG

init to equip the buses of the Upper Elbe Regional Transport with new on-board computers

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Karlsruhe (euro adhoc) - INIT Innovative Informatikanwendungen in Transport-, Verkehrs- und Leitsystemen GmbH, 100 percent subsidiary of init innovation in traffic systems AG, has been contracted to fit around 700 buses of the Upper Elbe Regional Transport (VVO) and its affiliated transportation providers with innovative vehicle technology. This will include the new EVENDpc, a device combining an on-board computer with a ticket printer. The contract also provides for an option of equipping a further 200 vehicles operated by the neighbouring Transport Federation Upper-Lusatia-Lower-Silesia (ZVON). The project commencing in January 2009 is scheduled to be completed within two years.

The EVENDpc is already in use in over 3,000 buses run by the DB Stadtverkehr GmbH in Bavaria. A number of standard interfaces, an announcement function, voice communication via GSM and data radio transmission via GPRS, as well as the integrated GPS receiver and WLAN functionality, make the EVENDpc ticket printer highly attractive for transport service providers operating at regional level. It also supports e-ticketing through application of a common standard for all types of electronic tickets, known as the VDV core application, and the integrated contactless reader. Passengers can thus pay for their ticket using a contactless chip card and take the ticket with them in electronic format. The VDV core application aims to avoid isolated applications in the future and thus create a future-proof technical standard.

The Upper Elbe Regional Transport service area in and around Dresden covers more than 4,800sqkm. The 15 transportation providers of the VVO operate a route network of just under 7,000km, transporting some 197 million passengers per year who board and deboard at around 3,800 stations and stops.

With the new on-board computers, the buses of the partner companies in the VVO will also be integrated into the commissioned communication and AVM system (the "RBL Oberelbe") of the Upper Elbe Regional Transport service area, which is scheduled for completion by 2010. In the future, passengers will thus be able to obtain up-to-the-minute information on the situation of scheduled services and on actual departure times. It is hoped that the connection to the central information system of the German railways and to transport companies of the neighbouring transport associations will achieve better dovetailing of bus and rail services.

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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
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
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