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[2013] [2012] [2011] [2010] 2009 [2008]INIT wins large contract in Pacific Nothwest
TriMet has chosen INIT as the prime contractor to provide an advanced CAD/AVL system including on-board computers, mobile data terminals, an automatic passenger counting system, and in cooperation with General Electric Transportation LLC, a digital mobile radio system to support their fixed-route bus operations.
[published on Dec 21, 2009]
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init accelerates growth in Q3 2009 - earnings multiplied
In the third quarter of 2009, init innovation in traffic systems AG managed to accelerate growth and to multiply its earnings on the previous year.
[published on Nov 04, 2009]
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10 Years of Innovation in Public Transit
The success story of INIT Innovations in Transportation Inc. has reached a milestone with the celebration of its 10 year anniversary.
[published on Oct 30, 2009]
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INIT USA wins another significant contract
The Board of Tri-Country Metropolitan Transportation District of Oregon now decided to commission INIT as the prime contractor to provide a turnkey integrated control system with automatic vehicle location and passenger counting function.
[published on Sep 24, 2009]
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New contract in Dubai for 500 passenger information displays
The Emirate of Dubai is working at great pace to set up a modern public transportation system - and continues to opt for innovative technology from Karlsruhe.
[published on Sep 09, 2009]
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Sharp increase in first half-year result
In the first half of 2009, due to increased sales profits of init innovation in traffic systems AG (ISIN DE0005759807) rose at a proportionately faster rate. This satisfactory business trend of the global leader in telematics and electronic fare payment systems for buses and trams continued on from the first quarter to generate sales between April and the end of June 2009 of EUR 14.2M, some 10% higher than in the comparable prior-year period (EUR 12.8M). By the end of June, init achieved a cumulative turnover of EUR 23.8M, up by around 12% on the previous year (EUR 21.3M), with some 74.3% (previous year: 76.5%) attributable to foreign business.
[published on Aug 05, 2009]
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Inside Business awards INIT \"Best Place to Work\" award
Inside Business of Hampton Roads recently awarded 25 local companies the “Best Place to Work” award for their outstanding business practices. The awards were given to companies with a proven ability to be progressive in benefit packages, employee incentives, innovative work styles, community service, and the “fun factor”. Winners were categorized based on the size of the corporation; small, medium or large. INIT, Innovations in Transportation, Inc. won 1st place in the small business category.
[published on Jul 24, 2009]
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init receives first contract in New Zealand
INIT has managed to break into a new market winning its first request for proposal in New Zealand. The Karlsruhe-based telematics specialist has been selected to provide over 300 vehicles of four bus companies in and around the city of Christchurch on New Zealand’s South Island with EVENDpc, the integrated on-board computer and electronic ticket printer. The system will also integrate two point of sale locations and a ferry.
[published on Jun 02, 2009]
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First-quarter revenue and earnings above plan
INIT is reporting a successful start to the year 2009. As of 31 March 2009, the group had generated cumulative revenue of EUR 9.6 million (prior year: EUR 8.4 million). International activities accounted for approximately 70.8 percent (prior year: 78.1 percent) of this amount. The gross profit of EUR 2.8 million as of the end of March is also considerably higher than in the corresponding prior-year period (EUR 1.4 million). In the first quarter of 2009, init generated earnings before interest and taxes (EBIT) amounting to EUR 0.9 million (prior year: EUR -0.8 million).
[published on May 05, 2009]
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INIT Showcases DB Stadtverkehr Bayern at the UITP in Vienna
During the UITP in Vienna, INIT offers visitors the opportunity to see a huge part of their comprehensive product range. Besides a number of proven systems, the leading provider of telematics and electronic fare collection systems for public transport will show for the first time the complex ticketing system that INIT is currently implementing for four regional transportation companies of the DB Stadtverkehr in Bavaria. INIT also provides them with the multi-client fleet management system MOBILE-ITCS, with which more than 3.000 vehicles will soon be controlled by a single standardized system.
[published on Apr 02, 2009]
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init Managing Board proposes increase in dividend
init innovation in traffic systems AG (ISIN DE 0005759807) plans to pay shareholders a higher dividend this year. The Managing Board decided today to present the Supervisory Board with a proposal for appropriation of earnings to be put to the shareholders’ meeting which suggests a dividend of EUR 0.16 per entitled share (2007: EUR 0.14). This decision, however, is subject to the approval of the annual financial statements for the 2008 fiscal year and the consent of the Supervisory Board.
[published on Mar 19, 2009]
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Kinkisharyo and DART expand contract with INIT
Following a recent decision by Dallas Area Rapid Transit, INIT has been awarded an additional contract to expand its Vehicle Business System (VBS), including INIT hardware and software by an additional 48 light rail vehicles. Kinkisharyo will install INIT’s on-board computer (COPILOTpc), mobile data terminals with built-in card readers, global positioning system (GPS) and GPRS data radio communication. Furthermore, INIT’s state-of-the-art automatic passenger counting system, MOBILE-APC will be implemented and subsequently provide DART with counting accuracy results of 96% or better.
[published on Mar 10, 2009]
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GE Transportation LLC names INIT as subcontractor for Golden Gate Bridge, Highway and Transportation District project
General Electric Transportation LLC has recently been awarded a contract to provide an Advanced Communication and Information System (ACIS) to the Golden Gate Bridge, Highway and Transportation District (District) in San Francisco, CA. INIT Innovations in Transportation Inc. in Chesapeake, Virginia, has been chosen as the subcontractor for the new Intermodal Transportation Control System (ITCS).
[published on Feb 03, 2009]
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init continues to extend market position in the Netherlands
Technology and systems from init are more in demand than ever throughout the world. Further impressive proof of this comes in the form of an order for init from Rotterdam. In the city with the largest seaport in Europe, the telematics specialist based in Karlsruhe has been commissioned to integrate some 400 vehicles (129 trams, 226 buses and 41 service vehicles) of the city-owned transportation company RET (Rotterdamse Electrische Tram) into an init operations control system (Intermodal Transport Control System - ITCS). The project has a volume of several millions of euros and is already the third contract for init from the Netherlands, after the public transportation services in The Hague and the private transportation company Syntus.
[published on Jan 29, 2009]
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