News from the Wire

Cubic awarded over $8 million contract for Washington Metro SmarTrip

Monday, July 28, 2014 — 16:03:47 (EDT)

San Diego, July 28, 2014 – Cubic Transportation Systems, a leading integrator of information technology and payment systems and services for public transportation, has been awarded a contract for more than $8 million to convert existing paper magnetic farecard vending machines to sales and reload devices for SmarTrip®, the contactless smart card for the Washington Metropolitan Area Transit Authority (WMATA). The project is part of the agency’s plan to eliminate paper ticketing from its fare system to all contactless media by Spring 2016.

Cubic will upgrade more than 500 machines with hardware kits including smart card readers and related software on all Metrorail lines, including the Silver Line to Dulles Airport that opened two days ago. Cubic also produced and installed the fare collection system to the new line under a separate contract.

Cubic has been involved with WMATA’s fare collection since the system opened. The company delivered the original magnetics-based system in use since the early 1970s, and designed and delivered the SmarTrip® system that opened to the public in 1999.

“We’re pleased to be part of WMATA’s transition to a paperless system, as well as having been so involved throughout the agency’s entire fare collection history,” said Matt Newsome, senior vice president and general manager, Cubic Transportation Systems, Americas. “Cubic brought contactless technology to the region – in fact, it was the first contactless system for transit in the US. WMATA set the standard that other agencies followed.”

WMATA operates the second largest rail transit system and the fifth largest bus network in the United States.

About Cubic Corporation

Cubic® Transportation Systems, Inc., is part of Cubic Corporation. Cubic Corporation is the parent company of three major business segments. Cubic Defense Systems is a leading provider of realistic combat training systems and secure communications systems. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for U.S. and allied nations.

Cubic Transportation Systems, Inc., is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic delivers integrated systems for transportation and traffic management, delivering tools for travelers to choose the smartest and easiest way to travel and pay for their journeys, and enabling transportation authorities and agencies to manage demand across the entire transportation network – all in real-time. Cubic specializes in design, development, manufacture, supply, installation, integration, services and information. Services provided by Cubic include on-site management, central systems, operations support, patron support, business support and field services.

Every year, more than 23 billion transportation payment transactions are processed using Cubic payment and information systems worldwide. Cubic has delivered over 20 regional back office operations which together integrate over 130 transport operators and serve over 38 million people every day in major markets around the world. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C. /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; Germany; and Scandinavia.

For more information about Cubic, see the company’s website at www.cubic.com/ .

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Source: Company press release.