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12.11.2012 – 11:43

init innovation in traffic systems AG

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

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.

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

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

Sebastian Brunner
Communications & Consulting
Tel.: 0175/5604673

Further inquiry note:
Janina Bujnoch
Assistant Executive Management
Tel.: +49 (0)721 6100-102

end of announcement                               euro adhoc 

company:     init innovation in traffic systems AG
             Käppelestraße 6
             D-76131 Karlsruhe
phone:       +49(0)721 6100-0
FAX:         +49(0)721 6100-399
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

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