Hans Rat newly appointed to the Supervisory Board - annual financial statements approved

In today's meeting, the Supervisory Board of init AG conclusively checked the annual financial statements, the status report, the consolidated financial statements and the group status report for 2011 and unreservedly approved the results of the audit.

The annual financial statements prepared by the Managing Board of init innovation in traffic systems AG are therefore approved and the consolidated financial statements for 2011 adopted.

For further information please refer to our ad hoc release.