init innovation in traffic systems AG
euro adhoc: init innovation in traffic systems AG
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Den Haag: init wins
first contract in the Netherlands
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
09.03.2006
init innovation in traffic systems AG scored in yet another key strategic move in European business: HTM , one of the largest Dutch transportation companies, has now opted for the introduction of a telematics system from init. Under the recently signed contract, init will provide The Hague with a intermodal transport control system (ITCS) for its streetcar network and equip around 50 two-way vehicles with COPILOTpc on-board computers and the touchscreen operating unit TOUCHit.
The contract, as yet the first for init in the Netherlands, also includes the integrated planning and data management system MOBILE-PLAN as well as the perdis personnel dispatch software. Initially, the contract volume will aggregate close to 2 mill. Euro, with an option of more than 2 mill. Euro for the equipment of further vehicles.
HTM intends to use the init solution in the short term to optimize its operations, improve the efficiency of vehicle and personnel management, and reduce its administration costs. The services of HTM in the Dutch metropolis are used by around 350,000 passengers each day. In addition to The Hague, HTM also has international references as a consultant of local public transportation systems, including Egypt, Russia, and China.
For init, this contract from the city that holds the seat of the Dutch government will be a key pilot project reference in further tenders in the Benelux states. After Berlin, Stockholm, Lisbon, Vienna, London, Oslo, and Copenhagen, The Hague is now the eighth European capital/seat of government to implement a telematics solution from init.
end of announcement euro adhoc 09.03.2006 07:18:59
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
Börse Berlin-Bremen / 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
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