2013-10-11 16:31:02 -
Ad hoc release acc. to §15 WpHG
init innovation in traffic systems AG has achieved a major strategic milestone in its pursuit to tap into new markets. As announced by the local authority Le Grand Avignon, init has been commissioned to deliver and install a new control system (ITCS) for the local public transport company TCRA (Transport en Commun de la Région d‘Avignon), a subsidiary of the TRANSDEV Group, in the Avignon region as well as to equip over 250 vehicles with the necessary hardware and software. This first major order for init in France has a volume of more than EUR 5 million.
In Avignon, a modern init solution is to replace the existing control system and be put into operation
by the end of 2014. In this first phase, around 150 public buses and 80 school buses are to be integrated into the new Intermodal Transport Control System (ITCS). In the second phase of the project, which is due to be completed by 2016, the 24 vehicles running on the newly constructed tram lines are to be linked up to the system.
TRCA conveys more than 10 million passengers a year in the Avignon urban centre and intends to further expand its service over the years to come.
The successful conclusion of this major project, which is now in full swing, opens up additional options for init.
“This release is not being issued in the United States of America and should not be distributed to United States Persons or publications with a general circulation in the United States. This document does not constitute an offer or invitation to subscribe for or purchase any securities in addition, the securities of init AG have not been registered under the United States securities laws and may not be offered, sold or delivered within the United States or to U.S. Persons absent from registration under or an applicable exemption from the registration requirements of the United States securities law.”
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innovation in traffic systems AGTel.: +49 721/6100-115 firstname.lastname@example.org
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