Honolulu awarded public transit
fare collection contract to init

Ad hoc announcement acc. to § 15 (WpHG)

Karlsruhe, 21 March 2016

The Honolulu Authority for Rapid Transportation (HART) has awarded INIT Innovations in Transportation, Inc. - a wholly owned US subsidiary of init innovation in traffic systems AG (ISIN DE 0005759807) - as their provider for the installation and operation of a multi-modal fare collection system. The contract is expected to be signed soon following the proceedings of the RFP. After successful contract closure init anticipates a total contract value of more than 30 million US$.


Simone Fritz

Investor Relations
init SE
Tel.: +49-(0)721-6100-115
Fax.: +49-(0)721-6100-130

Email: ir_prefix@initse._suffixcom