14.12.2018 07:05:23
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DGAP-Adhoc: init innovation in traffic systems SE: San Diego intends to award electronic fare payment contract to init
DGAP-Ad-hoc: init innovation in traffic systems SE / Key word(s): Contract/Incoming Orders The San Diego Metropolitan Transit System (MTS) Board of Directors has authorized the CEO to contract with INIT Innovations in Transportation, Inc. - a wholly owned US subsidiary of init innovation in traffic systems SE (ISIN DE 0005759807) - for delivery and operation of an account based fare collection system. MTS is the public transit agency serving the urbanised areas of San Diego County as well as the rural parts of East County. The contract is expected to be signed in beginning of 2019. After successful contract closure, init anticipates a total contract value of more than USD 30 million including a 10-year operation and maintenance option. Contact: Person making the notification: Simone Fritz Investor Relations ir@initse.com
14-Dec-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | init innovation in traffic systems SE |
Käppelestraße 4-10 | |
76131 Karlsruhe | |
Germany | |
Phone: | +49 (0)721 6100 0 |
Fax: | +49 (0)721 6100 399 |
E-mail: | ir@initse.com |
Internet: | www.initse.com |
ISIN: | DE0005759807 |
WKN: | 575980 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |
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758201 14-Dec-2018 CET/CEST

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