DGAP-Adhoc

init innovation in traffic systems AG: Strategic investment in leading provider of mobile phone ticketing in North America

init innovation in traffic systems AG / Key word(s): Investment/Investment

23.08.2016 17:19

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Karlsruhe/New York, 23 August 2016. INIT Innovations in Transportation
Inc., which is based in Chesapeake, Virginia, and is a wholly owned
subsidiary of init AG (ISIN DE 0005759807), invests in the leading provider
of mobile phone ticketing solutions for public transportation companies in
North America. INIT Innovations in Transportation Inc. acquires a 27.5 per
cent stake in Bytemark Inc., located in New York, USA with additional
offices in the UK, India and Australia. The two companies have already
worked together on a wide range of major projects involving transport
companies in North America and now want to continue their collaboration on
a global basis.

Bytemark has doubled revenues for each of the past three years. It
anticipates sustained strong growth due to the increase in use of apps in
ticketing among transport companies and in the event and entertainment
segments. In this field, Bytemark possesses a proprietary, patent-protected
technology base and has filed 11 more patent applications at present. In
addition to this, Bytemark is currently participating in a wide range of
tenders for major projects in Europe, North America and the Middle East.

Based on the strategic investment in Bytemark, the Managing Board of init
innovation in traffic systems AG envisions good opportunities for its
ticketing solutions to achieve faster market penetration among transport
companies and in other sectors in North America. It also anticipates that
the investment will bring about additional competitive advantages in
international tenders.

The investment in Bytemark Inc. is being consolidated at equity on the init
Group's balance sheet and should already be making a positive contribution
to the overall result by 2017.


23.08.2016 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 AG
Käppelestraße 4-10
76131 Karlsruhe
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.initag.de
ISIN: DE0005759807
WKN: 575980
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange

End of Announcement DGAP News-Service

---------------------------------------------------------------------------