init Innovations In Transportation

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Address:

949 41st Ave W
Vancouver, British Columbia, V5Z 2N5

Phone:

604-261-3775

Area of Business:Electric Service
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About init Innovations In Transportation
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About
INIT is one of the world´s technology and market leaders in the area of telematics* and electronic fare collection systems for public transport. INIT GmbH was founded in 1983 by Dr.-Ing. Gottfried Greschner as a typical university spin-off. In addition to its headquarters in Karlsruhe, Germany, INIT is represented in the US (Chesapeake, Virginia), in Canada (Vancouver and Montréal) in several European countries and in Australia. The holding company init innovation in traffic systems AG has been listed on Germany’s Neuer Markt since 2001. In the course of the reorganization of the stock exchange, init has switched to the Prime Standard of the Regulated Market as of 01.01.2003.


* Telematics and Intelligent Transportation Systems are used synonymously.

Business activities


As a leading supplier in Intelligent Transportation Systems (ITS) and fare collection systems, INIT assists transportation companies in making public transport more attractive, faster and more efficient.

As a turnkey supplier, INIT develops, produces, installs and maintains integrated hardware and software solutions for all key tasks required within transport companies. The competitive advantage of INIT´s MOBILE integrated telematics system is that it combines the functions of an Intermodal Transport Control System (ITCS) with other software solutions for preparing, undertaking, analyzing and optimizing operations plus the mobile telematics systems in the vehicle as well as the electronic payment systems. The link to the vehicles is established via the dedicated radio systems or via public telecommunications networks like GPRS.

INIT products are recognized for their state-of-the-art-technology. Their modular structure and high level of standardization allow to use them stand-alone or to individually integrate them into an intelligent overall solution. Phased system expansion is also possible.



Success


Operating in the areas of telematic software and services division as well as mobile telematic and electronic payment systems, INIT is one of the world´s only suppliers with a product range covering almost all public transport services requirements. More and more transportation companies are putting their confidence in INIT´s efficient systems which have been thoroughly proven in real-life applications. With more than 200 national and international customers, INIT is one of the few globally operating companies in this sector and convincingly delivers more evidence of this fact, having already successfully implemented approx 300 projects.



Honor


The consulting and accounting firm Ernst & Young recently awarded five successful companies the award "Entrepreneur des Jahres 2002" (Entrepreneur of the Year) for the country of Germany. The prize is given in the categories: industry, trade, service, information technology and start-up. Dr. Gottfried Greschner, founder and chief executive officer of init innovation in traffic systems AG won the title in the category information technology. With the award Ernst & Young honors the entrepreneurial performance of the entrepreneur who achieved exceptional growth results within the last years.

Dr. Greschner was elected by an independent expert jury which judged the finalists on the four main criteria: future prospects, innovation, personal engagement of the entrepreneur as well as employee orientation. The jury was convinced of the superior development of INIT under Dr. Gottfried Greschner’s leadership. In 1983 INIT started as an university spin-off and is today one of the worldwide technology and market leaders.




Quality responsibility


Init is committed to providing a quality product and service to the customer. Using the latest technology while providing reliable delivery and services keeps our customers coming back. The INIT Management team and every employee is committed to this quality policy and the overall principles of DIN EN ISO 9000:2000. We communicate this by being receptive to the overall needs of the customer and striving for continuous improvement at all times.
Business Keywords
Electric Service
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