Cubic Automatic Revenue Collection Group enters into a basic cooperative agreement with the Transportation Systems Group of Siemens AG.SAN DIEGO--(BUSINESS WIRE)--Feb. 21, 1996--Cubic Automatic Revenue Collection Group (CARCG), a subsidiary of Cubic Corp., has entered into a basic cooperative agreement with the Transportation Systems Group of Siemens AG Siemens AG German electrical-equipment manufacturer. The first Siemens company, Siemens & Halske, was founded in Berlin in 1847 to build telegraph installations. of Germany. This basic agreement covers too main areas: 1) Automatic Fare Collection (AFC (1) (Application Foundation Classes) A class library from Microsoft that provides an application framework and graphics, graphical user interface (GUI) and multimedia routines for Java programmers. ) projects; 2) Bus Management and Information Systems integrated with AFC. Under the basic agreement, CARCG will cooperate with Siemens for its international turnkey transportation projects. One of these projects is an AFC system in Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. -- where Siemens is the turnkey prime contractor. The firms are currently pursuing other important projects and expect further business to result on a continuing basis. The Siemens Group is one of the largest international suppliers of rail systems technology. CARCG will also support Siemens on AFC projects in Europe. Siemens and CARCG are currently pursuing several such opportunities. The CARCG subsidiary, Scanpoint Technologies of Copenhagen, is involved in the basic agreement. Scanpoint has state-of-the-art products and systems most specifically for bus transit authorities. Scanpoint has current contracts in Denmark, Sweden, Norway, Germany, France and Italy. A major system is being developed for Oslo utilizing state-of-the-art proximity smart ticket system technology that CARCG has pioneered in London and Washington. CARCG is pleased to have been selected by Siemens for this basic agreement. The two companies ideally complement each other, and CARCG believes that favorable results will be generated by this agreement. CARCG is the world leader in AFC with systems in Washington, New York Washington is a town in Dutchess County, New York, United States. The population was 4,742 at the 2000 census. The town is named after George Washington, who passed through the town during the revolution. , London, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Singapore, Miami, Atlanta, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Baltimore, Sydney and Los Angeles, to name a few. CONTACT: Cubic Corp., San Diego Gerry Reeves, 619/277-6780 |
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