SAN DIEGO–(BUSINESS WIRE)–Feb. 24, 2004–Cubic Transportation Systems Inc., a subsidiary of San Diego-based Cubic Corp. (AMEX:CUB), announced it has received a $7 million contract from the San Francisco Bay Area Rapid Transit District (BART) to provide technology that will link BART to the regional mass transit smart card ticketing program known as TransLink(R).
Cubic will deliver the hardware and software needed to allow the BART fare collection system to accept and process the TransLink card, as well as upload and download any fare table changes or other business rules implemented by the Metropolitan Transportation Commission, the regional planning agency in charge of the project that will link the region’s major transportation operators.
Cubic’s technology will include its patented Tri-Reader(R), the first smart card reader that can read any type of contactless smart card that meets ISO standards. Designed to give transit agencies flexibility into the future, the Tri-Reader will give BART the ability to introduce other applications.
“As one of the largest transportation providers in the Bay Area, BART’s role is pivotal to the outcome of the new regional smart card, and we are committed to a continuing partnership that supports our customer’s success,” said Marty Turock, senior vice president, sales and marketing for Cubic Transportation Systems Inc. “By incorporating open standards and a modular architecture into our solutions, Cubic will deliver what BART needs to meet its regional obligation and protect BART’s investment in its customer services by ensuring interoperability with all ticketing technologies that will now, or in the future, be deployed in the system, including the existing BART ticket or the new regional smart card.”
This most recent contract brings the total to $59.18 million in products and services that Cubic has delivered to BART since the original contract award in 1999 for the replacement of the agency’s previous fare collection system and the new systems’ expansion to the new San Francisco Airport extension. In December 2003, Cubic completed the delivery of the new fare collection system, which consists of station computers, system communications network, electronic gates, ticket vending machines, add-fare machines and software, including a new parking application launched in 2002 that makes it possible for travelers to pay for parking with the same fare card used for rail fares.
Cubic Transportation Systems Inc. is the world’s leading turnkey solution provider of automated fare collection systems for public transport including bus, bus rapid transit, light rail, commuter rail, heavy rail, ferry and parking. Cubic’s solutions and services include system design, central computer systems, equipment design and manufacturing, device-level software, integration, test, installation, warranty, maintenance, computer hosting services, call centre services, card management and distribution services, financial clearing and settlement, multi-application support and outsourcing services.
Every year, nearly 10 billion rides are taken worldwide using Cubic fare collection systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London, New York/New Jersey region, Washington, D.C./Baltimore/Virginia region, Los Angeles region, San Diego region, San Francisco, Minneapolis/St. Paul, Chicago, Houston, Atlanta, South Florida, Vancouver and Edmonton, Canada, Brisbane, Australia, Singapore, Bangkok, Thailand and Scandinavia.
The corporation’s other major segment, Cubic Defense Applications, provides realistic combat training systems for military forces, as well as simulation, force modernization, educational services, operations & maintenance and manufacturing services. The group also supplies products and systems for C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance & Reconnaissance) applications, search and rescue avionics and radio communications for military and civil markets. For more information about Cubic, see the company’s Web site at www.cubic.com.
Cubic Corp., San Diego
Jae Lande, 858-505-2642