DGAP-News: init innovation in traffic systems AG: init adds Finnish market to its map
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init innovation in traffic systems AG: init adds Finnish market to its
map
15.10.2013 / 10:59
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Major ten-year contract in Turku
Karlsruhe/Turku, 15 October 2013. Finland has been an important target
market for init innovation in traffic systems AG for several years. Having
founded a Finnish subsidiary, init has now netted its first major contract
there. init will develop an ITCS (Intermodal Transport Control System) and
a ticketing system and supply the appropriate hardware and software for
local public transport in the port city of Turku. The order is currently
worth more than EUR 3m, but also includes other options.
'Finland may be new on the map of our customers, but we know the country
and the needs of the local transport companies very well,' says init CEO Dr
Gottfried Greschner, who speaks a little Finnish himself. 'We took a long
time preparing our entry on the market. This success now confirms that we
took the right approach.'
State-of-the-art solutions for a sustainable mobility concept
Finland's most state-of-the-art local public transport system is currently
under development in the country's third-largest conurbation. The transport
authorities in Turku have decided to expand the geographic bus network with
several new lines, a far-reaching project might include new tram lines as
well. The project is part of a concept spanning all the area's transport
companies, designed to improve mobility within the conurbation while at the
same time cutting carbon dioxide emissions. The authorities have therefore
chosen the most state-of-the-art solution currently available to control
their local public transport and connect it to other transport guidance
systems: an integrated telematics, passenger information and electronic
fare collection system from init.
At first, some 200 vehicles will be connected to the system and fitted with
an EVENDpc, a combined on-board computer and ticketing module developed by
init. This terminal forms the core of the system, taking care of ticketing
and control functions within the vehicle and guaranteeing perfect
communication with head office. This is an important precondition if
passengers are to be provided with reliable real-time information on all
channels, such as displays, over the Internet and on smartphones.
The system won't only enable passengers to plan their journeys better,
however. Transport companies in particular will be able to improve their
flexibility and cost-effectiveness. Real-time information about traffic as
well as the position and condition of individual vehicles allows transport
companies to react quickly to unforeseen circumstances or breakdowns. This
helps increase efficiency in the deployment of vehicles as well as improve
punctuality.
This is partly enabled by a self-service terminal for passengers that
supports all forms of on-board e-ticketing. Thanks to this solution -
called PROXmobil - passengers can get on vehicles more quickly and waiting
times can be cut. This also measurably increases service quality and
customer satisfaction.
Turku has its eyes on 2030 - with init by its side
One special feature of init's solution for Turku is that it can be closely
integrated with those of other transport companies and modes oftransport -
a function known as intermodality or interoperability. Its standardised
interfaces can therefore be used to transfer important data between systems
while maintaining the confidentiality of each company's data at all times.
This is particularly important with regard to fare collection, for which
init also supplies the necessary software.
Another advantage of init's integrated system solution is its modularity,
enabling functions to be added at a later date. The transport authorities
in Turku therefore included various options in its contract with init so
that its local public transport network can be integrated seamlessly into
the sustainable total mobility concept that runs until 2030. This concept
is based on a long-term development plan drawn up by the Finnish Transport
Ministry that includes integrated, sustainable mobility management for all
transport systems to ensure the efficient use of resources and reduce
carbon dioxide emissions.
'Turku's transport authorities have set the standard with this sustainable
approach. We are all the more pleased that init was chosen as a long-term
partner for this undertaking,' says Dr Gottfried Greschner.
About init innovation in traffic systems AG
As one of the world's leading providers of telematics, planning and
electronic fare collection systems for buses and trains, init helps
transport companies make their public transport systems faster, more
punctual, more attractive and more efficient. More than 400 satisfied
customers around the globe currently put their faith in the innovative,
state-of-the-art hardware and software in init products. Their modular
structure and high level of standardisation enable them to be used as
stand-alone units or, depending on the transport company's requirements, to
be integrated individually into an intelligent overall solution. In 2012,
init's workforce of 420 generated revenues of EUR 97.3m and profits of EUR
10.9m.
End of Corporate News
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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: ir(at)initag.de
Internet: www.initag.de
ISIN: DE0005759807
WKN: 575980
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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234664 15.10.2013
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