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20.07.2006 – 11:14

init innovation in traffic systems AG

euro adhoc: init innovation in traffic systems AG
New major contract from Canada

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Karlsruhe, July 20, 2006. INIT Innovations in Transportation, Inc., a subsidiary of init innovation in traffic systems AG has received a new large-scale contract from Canada. For more than 3 mill. Canadian dollars (around 2.4 mill. Euro). INIT Inc. will provide the Region of Waterloo, Ontario, with an integrated telematics system to be completed by 2007. Along with GPRS based communication technology, the contract for the Region of Waterloo’s transit system (Grand River Transit (GRT)) includes a wayside passenger information system, vehicle tracking via GPS, an automatic passenger counting system, as well as evaluation and planning software. In addition, the vehicles operated by GRT will be equipped with the on-board computer COPILOTpc, the mobile data terminal TOUCHit and automated passenger counting. The Region Waterloo which comprises the municipalities of Waterloo, Kitchener and Cambridge in the southwest of Ontario, covering an area with a population of around 500,000. The iXpress bus service, which will benefit from the INIT technology in the first place, is one of the showcase projects (UTSP, Urban Transport Showcase Program) of the Canadian government in its efforts to develop the local public transportation system as part of its national program to reduce the greenhouse gas emission levels. With GRT, init now provides to service to four of the leading transportation authorities in Canada as its customers. As recently as at the beginning of 2006, init received the biggest individual contract in its history with a volume of over 35 mill. Canadian dollars, placed by the Greater Vancouver Transportation Authority (GVTA). This contract had a strong announcement effect on the entire North American market. Consequently, init anticipates its overseas growth rates to be significantly above average this year and into 2007.

end of announcement                                                 euro adhoc 20.07.2006 10:39:10

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Alexandra Weiß
Investor Relations
Telefon:  +49(0)721 6100-102

Branche: Semiconductors & active components
ISIN:      DE0005759807
WKN:        575980
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing
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