05.07.2016
init innovation in traffic systems AG DE0005759807
DGAP-News: init innovation in traffic systems AG wins leading British public transport provider as a new customer
DGAP-News: init innovation in traffic systems AG / Key word(s): Contract
init innovation in traffic systems AG wins leading British public transport
provider as a new customer
05.07.2016 / 12:58
The issuer is solely responsible for the content of this announcement.
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- ticketing system contract signed with National Express West Midlands
- the project covers supply of driver consoles, on-board computers,
ticket printers, EMV- and ITSO-certified validators to equip 1,600
buses
The ticketing solutions of init innovation in traffic systems AG (ISIN DE
0005759807) are becoming increasingly widespread internationally in public
transport. One of the five largest British public transport providers has
now opted for a solution from init.
National Express West Midlands which is based in Birmingham has awarded a
contract to INIT Innovations in Transportation Ltd, a wholly owned
subsidiary of init AG, for the supply and installation of a ticketing
system. The contract covers equipping 1,600 buses with driver consoles, on-
board computers, ticket printers and EMV and ITSO-certified validators, as
well as the service provision via a hosted back-office system. In addition
to fast ITSO card-based transactions the solution enables the use of
contactless bank cards for ticket payments. In addition init provides
maintenance and other services to National Express West Midlands.
By winning National Express West Midlands as a new customer, it not only
represents a further important milestone for init but it also leads to the
further expansion of its presence in the UK. init is already well
established in the East Midlands region close to Birmingham. Transport
operators in and around Nottingham and Derby have also opted for init as a
technology partner in the area of ticketing and fare management.
National Express Group is a leading public transport provider in the UK;
and it also operates bus and rail lines in continental Europe, North
Africa, North America and the Middle East. National Express has been active
in Germany since 2013 and has been awarded the contract to operate a number
of regional rail lines, mainly in North Rhine Westphalia. Most recently,
National Express won the tender to take over the suburban rail lines in
Nuremberg from 2018.
"National Express is not only an important new customer for us in the UK.
As our solutions are in use around the globe, is this, of course, a key
benefit for an international group such as National Express", says Jens
Mullak, Managing Director of INIT Ltd.
About National Express West Midlands
National Express West Midlands is the biggest single operator bus network
in the country, with over 1,600 buses and nearly a million journeys each
day.
National Express West Midlands is one of the largest employers in the West
Midlands, employing over 5,000 people.
National Express signed up to the UK's first Bus Alliance. This partnership
will see £150 million invested by operators and partners between now and
2021 to tackle emissions, maximum fares and frequency.
About init
As a worldwide leading supplier of integrated planning, dispatching,
telematics and ticketing systems for buses and trains, INIT has been
assisting transport companies in making public transport more attractive,
faster and more efficient for more than 30 years. Today, more than 400
customers rely on init's innovative hard- and software solutions.
The unique selling proposition of init's integrated telematics system
MOBILE is that it comprises all of the daily tasks of public transport
providers:
- Planning & Dispatching
- Ticketing & Fare Management
- Operations Control & Real-Time Passenger Information
- Analysing & Optimising
This creates a solution that covers the complete production process of
public transport providing more efficiency and enhanced service quality.
init products are recognized for their state-of-the-art technology and may
be deployed stand alone or integrated into an intelligent overall system
tailor-made for the specific needs of the individual customer. Also a step-
by-step extension of the system is possible.
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05.07.2016 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.
Archive at www.dgap.de
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Language: English
Company: init innovation in traffic systems AG
Käppelestraße 4-10
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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478163 05.07.2016
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