IXX init innovation in traffic systems AG

DGAP-News: init innovation in traffic systems SE: Spokane Transit Authority partners with init for contactless fare management system

DGAP-News: init innovation in traffic systems SE / Key word(s): Miscellaneous/Contract
init innovation in traffic systems SE: Spokane Transit Authority partners with init for contactless fare management system

27.01.2021 / 09:50
The issuer is solely responsible for the content of this announcement.



Seven-city region to benefit from smart fare payments - first US contract for HanseCom

Spokane Transit Authority (STA) in the east of the US state Washington has selected init to implement an account-based and contactless fare system for the seven-city region the public transport provider services. The contract calls for a back-office revenue management system, contactless fare validators, and a mobile app from HanseCom, a wholly owned subsidiary of the init Group. This allows for one-stop services offered by init. For HanseCom, it is the first US contract.

init will equip STA buses with 354 contactless fare validators and install another 33 fare validators at locations throughout the region. Once fully installed, the new fare system will enable all-door boarding and revolutionize Spokane's transit customer experience by providing real-time account-management and fare processing, as well as the opportunity for customers to instantly add value to their account and use mobile devices to purchase tickets.

init's back-office revenue system MOBILEvario as core intelligence

init's back-office revenue system MOBILEvario will serve as the core intelligence for the new account-based system, automating reconciliations and processing fare transactions in real time. init's open architecture design will allow STA to integrate both new and existing partners easily. The smart fare system will be integrated with STA's college and university program.

Rollout of the core system will follow an aggressive 18-month timeline and is slated to coincide with the launch of the City Line, STA's new Bus Rapid Transit line opening in May of 2022. STA is looking forward to having the new system live: "The customer experience improvements offered by init are an important part of Spokane Transit's ongoing plan to make transit easier, more accessible and convenient than ever," said Brandon Rapez-Betty, STA's Director of Communications and Customer Service. "The power to manage transit fares online and by mobile device is now a common expectation, and we look to our partnership with init to meet it as soon as possible."

Contact:

Person making the notification:
Simone Fritz
Investor Relations


27.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at


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:
Internet:
ISIN: DE0005759807
WKN: 575980
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1163576

 
End of News DGAP News Service

1163576  27.01.2021 

fncls.ssp?fn=show_t_gif&application_id=1163576&application_name=news&site_id=research_pool
EN
27/01/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on init innovation in traffic systems AG

Init Innovation In Traffic Systems SE: 1 director

A director at Init Innovation In Traffic Systems SE bought 1,003 shares at 36.380EUR and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the...

 PRESS RELEASE

EQS-News: Digitalisierungs-Spezialist init wächst in neue Größenordnun...

EQS-News: init innovation in traffic systems SE / Schlagwort(e): Jahresergebnis/Jahresbericht Digitalisierungs-Spezialist init wächst in neue Größenordnung 20.03.2025 / 11:47 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.   Auftragseingang auf 433 Mio. Euro beinahe verdoppelt (2023: 225 Mio. Euro) Nach 26 Prozent Umsatzwachstum in 2024 soll 2025 die 300-Millionen-Euro-Marke überschritten werden EBIT auf 24,5 Mio. Euro gestiegen: Dividende soll auf 0,80 Euro angehoben werden (Vorjahr: 0,70 Euro) Die init innovation in traffic sys...

 PRESS RELEASE

EQS-News: Digitalisation specialist init grows into a new dimension

EQS-News: init innovation in traffic systems SE / Key word(s): Annual Results/Annual Report Digitalisation specialist init grows into a new dimension 20.03.2025 / 11:47 CET/CEST The issuer is solely responsible for the content of this announcement.   Incoming orders almost doubled to EUR 433m (2023: EUR 225m) After 26 per cent revenue growth in 2024, the EUR 300m mark is set to be surpassed in 2025 EBIT increased to EUR 24.5m: Dividend to rise to EUR 0.80 per share (previous year: EUR 0.70 per share) init innovation in traffic systems SE (ISIN DE 0005759807) closed th...

 PRESS RELEASE

EQS-News: DILAX becomes part of the INIT Group

EQS-News: init innovation in traffic systems SE / Key word(s): Strategic Company Decision DILAX becomes part of the INIT Group 06.09.2024 / 16:53 CET/CEST The issuer is solely responsible for the content of this announcement. Growth expected to accelerate through digitalization and public investment in rail infrastructure Positive sales and earnings effect as early as 2024 Karlsruhe, 6 September 2024 Init innovation in traffic systems SE (ISIN DE 0005759807) is taking over the international data management specialist DILAX Intelcom GmbH as of 6 September 2024 and intend...

 PRESS RELEASE

EQS-News: DILAX wird Teil der INIT Gruppe

EQS-News: init innovation in traffic systems SE / Schlagwort(e): Strategische Unternehmensentscheidung DILAX wird Teil der INIT Gruppe 06.09.2024 / 16:53 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Wachstumsbeschleunigung durch Digitalisierung und öffentliche Investitionen in Bahninfrastruktur erwartet Positiver Umsatz- und Ergebniseffekt bereits in 2024  Karlsruhe, 06. September 2024. Die init innovation in traffic systems SE (ISIN DE 0005759807) übernimmt zum 06.09.2024 den internationalen Datenmanagementspezialisten DILAX In...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch