DGAP-Ad hoc: METRIC mobility solutions AG

DGAP-Adhoc: METRIC mobility solutions AG: Rescission of the agreement for the supply of new fare ticket terminals for the public transport corporation Berliner Verkehrsbetriebe (BVG)

METRIC mobility solutions AG / Key word(s): Contract/Miscellaneous

08.07.2016 13:43

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.

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Hanover, 8 July 2016 - the public transport corporation Berliner Verkehrsbetriebe (BVG) yesterday gave notice of rescission to METRIC mobility solutions AG (Frankfurt Securities Exchange, Prime Standard; ISIN DE000A1X3X66) of the agreement entered into for the supply of new fare ticket terminals (the NEFA project). The order volume amounts to a total of EUR 16.5 million. Following a pilot and load test, delivery of the terminals had been scheduled to commence as of October 2016 to be completed by mid-2017.

The company METRIC mobility solutions AG plans to make an effort to find an amicable solution with the public transport authority Berliner Verkehrsbetriebe (BVG). The objective of METRIC mobility solutions AG is the continuation of the project. An appointment for a meeting with Berliner Verkehrsbetriebe (BVG) is scheduled for next week.

METRIC mobility solutions AG Rotenburger Str. 20 30659 Hanover

The Board of Management

Contact: METRIC mobility solutions AG Sybille Gäbisch +49 511 6102-300 IR@metric-group.com

08.07.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: METRIC mobility solutions AG Rotenburger Str. 20 30659 Hannover Germany Phone: +49 (0)511-6102-0 Fax: +49 (0)511-6102-411 E-mail: info@metric-group.com Internet: http://www.metric-group.com ISIN: DE000A1X3X66 WKN: A1X3X6 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------