10.03.2016
init innovation in traffic systems AG DE0005759807
DGAP-News: init innovation in traffic systems AG: INIT wins major contract in North America
DGAP-News: init innovation in traffic systems AG / Key word(s):
Miscellaneous/Contract
init innovation in traffic systems AG: INIT wins major contract in North
America
10.03.2016 / 14:38
The issuer is solely responsible for the content of this announcement.
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- Project for region-wide electronic ticketing and fare management system
in Tampa, Florida
- Phased introduction starts now with Kickoff Meeting and will continue
through 2018
INIT Innovations in Transportation, Inc., the US-based 100 percent
subsidiary of init innovation in traffic systems AG (ISIN DE 0005759807)
has won a new major contract. Hillsborough Area Regional Transit Authority
(HART), the lead procuring agency of the local Regional Working Group (RWG)
in Tampa, Florida, has awarded INIT Inc. the contract for a region-wide
electronic ticketing and fare Management system. The RWG consists of eight
county transit agencies from Hillsborough, Pinellas, Citrus, Hernando,
Manatee, Pasco, Polk, and Sarasota. Additional project partners include the
TBARTA (Tampa Bay Area Regional Transportation Authority) and the FDOT
(Florida Department of Transportation). The project starts immediately with
a Kickoff Meeting and will continue through 2018 - the US dollar value of
the contract is more than USD 10 Mio.
The contract between INIT and the RWG will involve the deployment of an
integrated fare system using account-based smart cards and mobile
ticketing. INIT's passenger terminals, PROXmobil3, will be installed on
more than 600 buses for the validation of the new fare media.
INIT will also supply a back-end clearing and processing system
(MOBILEvario) to facilitate the management of the RWG's individual customer
accounts, setting of fare rules, revenue processing and statistical
evaluation reporting. MOBLEvario will benefit the RWG by allowing them to
provide a seamless fare structure across eight counties while ensuring the
secure administration of each agency's data.
Also included in the project are Interactive voice response (IVR)
applications and new enhanced web portals to allow customers to check their
balances, register their cards and load values, as well as manage mobile
payment applications using their smartphones.
In early March 2016, the RWG meets with INIT Innovations in Transportation
Inc., to officially kickoff the final phase of the innovative project.
Within 6 to 8 months of the project kicking off riders will be able to use
the mobile app across the Tampa Bay area by showing their purchased fare
via the phone to the driver.
Once completed, this regional fare system will be a major shift on how the
RWG provides fare options for their riders. The RWG's partnership with INIT
will allow them to provide passengers with a more convenient payment
experience and attract new riders who will be able to travel across a wider
service area covering approximately 4,100 square miles. The new system will
provide seamless and common fare media for passengers throughout the Tampa
Bay region and will replace the outdated and less efficient fare collection
systems in the area - including the system used by HART for more than 25
years.
"The Regional Working Group is excited to bring this innovative system to
our riders," said Jeff Seward, HART CFO. "It will move our region into the
future of transit fare collection and allow our riders an unparalleled,
flexible rider experience. The project will provide great value to our
region, improve on time performance, and reduce costs."
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10.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: init innovation in traffic systems AG
Käppelestraße 4-6
76131 Karlsruhe
Germany
Phone: +49 (0)721 6100 0
Fax: +49 (0)721 6100 399
E-mail: [email protected]
Internet: www.initag.de
ISIN: DE0005759807
WKN: 575980
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News Service
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444205 10.03.2016
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