Brief: Init Innovation In Traffic Systems: Sound Transit To Award Electronic Fare Payment Contract To Init

Init Innovation In Traffic Systems SE

07/09/2018 07:16

Sept 7 (Reuters) - INIT INNOVATION IN TRAFFIC SYSTEMS SE
 IXXG.DE :
    * SOUND TRANSIT INTENDS TO AWARD ELECTRONIC FARE PAYMENT
CONTRACT
TO INIT
    * AFTER SUCCESSFUL CONTRACT CLOSURE, INIT ANTICIPATES A
FOUR-YEAR
CONTRACT
    * FOUR-YEAR CONTRACT INITIALLY VALUED AT APPROXIMATELY $ 50M
    * ELEVEN ADDITIONAL ONE-YEAR OPERATIONS AND MAINTENANCE
OPTIONS
    * FINAL TOTAL AMOUNT OF CONTRACT EXCEEDS $ 90M

Source text for Eikon:  ID:nEQ9wJ01fa 
Further company coverage:  IXXG.DE 

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