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02.11.2005 – 09:43

init innovation in traffic systems AG

euro adhoc: init innovation in traffic systems AG
init wins project in New York City

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@


INIT Inc., the North American subsidiary of init innovation in traffic systems AG, was selected by the Metropolitan Transportation Authority of New York to outfit Access-a-Ride vehicles operated by MTA New York City Transit’s Department of Buses Paratransit Division with Intelligent Transportation Technology. The Paratransit Division provides door-to-door transportation for people who can’t ride accessible buses or subways, and has an average weekday ridership of 14,732.  Initially, 1,329 Access-a-Ride vehicles will be equipped with COPILOTpc, the latest generation of on-board computers, using Windows XP embedded technology. The Automatic Vehicle Location and Monitoring (AVLM) system allows more efficient real-time control and optimization of the paratransit service using the Global Positioning Satellite System (GPS) and a wireless data communication network. A contract exceeding 16 million US dollars is expected to be signed in the next few weeks. For init, this is yet another major step in the extension of its North American business.

@@start.t2@@end of announcement                                                 euro adhoc 02.11.2005 08:59:28

ots Originaltext: init innovation in traffic systems AG
Im Internet recherchierbar: http://www.presseportal.de

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:  Frankfurter Wertpapierbörse / regulated dealing
              Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade
              Bayerische Börse / free trade
              Bremer Wertpapierbörse (BWB) / free trade

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