We are extremely satisfied with these results, especially considering that our customers, the public transport companies, were hit hard by the lockdowns, sustaining a massive drop in passenger numbers.
init’s digital innovations support public transport companies in numerous ways. This applies to smart ticketing solutions for which we are the market leader in Germany and the US with high growth rates, as well as for MOBILEguide, a passenger control system which is both an online solution as well as being used on railway platforms, and MOBILE-ITCS nextGen, a next generation innovative control system which uses artificial intelligence to increase efficiency in transport operations and enhance the travel experience.
We also see major market opportunities for our modular, web-based and scalable control system, an ITCS smart (Intermodal Transport Control System), which is tailored in particular to the needs of private fleet operators. What makes it special is that whilst maintaining sophisticated functionality, it offers public transport companies the advantage of lower investment costs for a standard version. The customer has the option to rent or lease the solution over a longer period which allows us to reach new customer target groups and secure a predictable source of revenue in the long term.
We also expect new opportunities in the rail sector for our MOBILE-ITCSrail solution that has been designed for rail systems. During 2020, we worked intensively on this development. Our first customer, Albtalverkehrsgesellschaft (AVG), will put this system into operation this year. AVG belongs to Karlsruhe Stadtbahn, which operates a rail network of over 500 km.