The past year has posed several problems for many companies. However, for INIT, as well as several challenges, it has also brought a number of successes. Which in particular make you feel most optimistic?
The first thing that comes to mind is the major contract from METRO, Houston, Texas. We have been setting up an innovative ticketing solution there for one of the largest US public transport providers since 2021. The initial order is now followed by another major one which predominantly relates to ticket terminals in buses and at bus stops.
In general, we notice that more and more customers worldwide are updating their systems and ordering new hardware or software from us. In view of global challenges in the business world, we are very pleased with this trend.
INIT’s 40th anniversary is also a reason to celebrate. Let’s take a look back – what was the situation and what was public transport’s technical equipment like back in 1983?
It was a very different situation from today. The first control systems did exist, but they were not comparable to the technology we have today. Initially, transport companies were rather sceptical about digital solutions. Today, there is a completely different understanding in the industry, customers now demand new and innovative technologies from us.
Just seven years after the company was founded you received your first major international order from Stockholm. How would you explain this early success?
Our software and hardware solutions were way ahead of their time, and well-known in the industry. One of the Stockholm transport company’s managers had read about INIT in a trade magazine and invited us to participate in a tender. We won the contract, beating well-known companies, because our technology was evaluated to be superior. This was our first international lighthouse project and the cornerstone of our worldwide success.