DGAP-Adhoc: init innovation in traffic systems SE: METRO Houston, Texas intends to award an order of well over USD 30 million to init

DGAP-Ad-hoc: init innovation in traffic systems SE / Key word(s): Incoming Orders/Contract
init innovation in traffic systems SE: METRO Houston, Texas intends to award an order of well over USD 30 million to init

27-Feb-2020 / 19:03 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The Board of Directors of Metropolitan Transit Authority of Harris County (METRO) has adopted the proposal from the Administration Committee to contract with INIT Innovations in Transportation, Inc. - a wholly owned US subsidiary of init innovation in traffic systems SE (ISIN DE 0005759807) - for the delivery of an account based Automated Fare Collection System.

METRO is the public transit agency serving the Houston and Harris County metropolitan area in Texas.

The contract is expected to be signed in the second quarter of 2020. Following the successful conclusion of the contract, init expects a contract value of well over USD 30 million.

Contact:
Person making the notification:
Simone Fritz
Investor Relations
ir@initse.com

27-Feb-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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: ir@initse.com Internet: www.initse.com 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: 985719
End of Announcement DGAP News Service

985719 27-Feb-2020 CET/CEST