Cubic Awarded Industry Innovation Prize for Sydney, Australia's CityRail Ticketing Upgrade.Business Editors & High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--March 27, 2001 Cubic Transportation Systems Australia, a subsidiary of San Diego-based Cubic Corp. (AMEX AMEX See: American Stock Exchange :CUB), has won the prestigious Western Sydney Industry Award for Product Innovation for its "world-class upgrade" of CityRail's ticketing system. With its state-of-the-art touchscreen technology in CityRail ticketing machines and successful integration of locally developed software into the existing system, Cubic is delighted with being the co-winner of the Product Innovation Award. Receiving his award from New South Wales New South Wales, state (1991 pop. 5,164,549), 309,443 sq mi (801,457 sq km), SE Australia. It is bounded on the E by the Pacific Ocean. Sydney is the capital. The other principal urban centers are Newcastle, Wagga Wagga, Lismore, Wollongong, and Broken Hill. Premier Bob Carr
Robert John Carr (born 28 September 1947), Australian politician, was Premier of New South Wales from 25 March 1995 to 3 August 2005. , Cubic Australia managing director Tom Walker said: "The Product Innovation Award not only highlights Cubic Australia's world class upgrade of CityRail's ticketing system but also the real benefit and strength that Western Sydney can offer technology suppliers and integrators when they choose to work from here." "Western Sydney provides Cubic with the people, the skills, and a wealth of local suppliers, which greatly contributes to the success of our company. The NSW NSW New South Wales Noun 1. NSW - the agency that provides units to conduct unconventional and counter-guerilla warfare Naval Special Warfare (New South Wales) government is truly providing top class infrastructure and training for local industry, and together with CityRail, we have been able to pass those benefits onto the travelling public," Walker said. "The integration of updated and new technology into the CityRail ticketing system prolongs the life of the existing machines, reduces government spending Government spending or government expenditure consists of government purchases, which can be financed by seigniorage, taxes, or government borrowing. It is considered to be one of the major components of gross domestic product. on machine replacement and maintenance, and makes Sydney train travel simpler and faster for commuters." It has involved the successful marriage of new technology to the existing system, an important requirement for successful implementation of ticketing systems. The software also allows for easy enhancement in the future. "By choosing Cubic's flexible system back in the early 90s, CityRail not only saves tax payers tax payer n → contribuyente m/f tax payer n → contribuable m/f tax payer n → contribuente money today -- it's more cost effective to upgrade than to replace such technology -- but also leaves open future options, such as the use of smartcards and other improvements in years to come," Walker said. "Coming on top of our ticketing system's performance during the Olympic peak period last year -- CityRail showed more than 99 percent availability -- and our successful delivery of the Airport Link ticketing system, we are very pleased and honored with this award and the recognition it brings to Cubic," he added. Walker said the Premier, Minister for Western Sydney Kim Yeadon Kimberley Maxwell Yeadon, MP (b. 25 July 1956) was an Australian politician, elected as a member of the New South Wales Legislative Assembly. Yeadon was born in Goulburn, New South Wales, but was brought up in Western Sydney. , the state government, other award sponsors, and Auburn local member Peter Nagle should also be congratulated for highlighting the very real strengths of working in the region. Cubic Australia was also a finalist in the Information Technology category of the Western Sydney Industry Awards. The Western Sydney Industry Awards, run by the New South Wales Government's Office of Western Sydney, are the most strategic set of regional awards in Australia. The Awards acknowledge and promote the importance of key industries integral to the future growth and development of the nation, articulate key drivers of growth for the region, and give vital recognition to the region's most innovative businesses. Cubic already plays a major role in Sydney's transport network as the group behind CityRail's ticketing system, which processes more than half a billion ticketing transactions a year across the greater Sydney metropolitan area and is relied upon by nearly a million commuters daily. Cubic is a key member of the SMARTPOS consortium, which is bidding to supply an integrated, smartcard-based mass transit mass transit, public transportation systems designed to move large numbers of passengers. Types and Advantages Mass transit refers to municipal or regional public shared transportation, such as buses, streetcars, and ferries, open to all on a ticketing systems for Sydney and Brisbane, Australia covering rail, bus and ferries. The members of SMARTPOS include fellow industry leaders, the Commonwealth Bank of Australia, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. Australia and Philips Australia. In Australia, contact: Taras Misko, Edelman Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Worldwide (02) 9291 3303 0402 038 459 About Cubic Cubic Transportation Systems is the world's largest supplier of automated ticketing systems and services. A world leader in innovation, Cubic was first to introduce transit contactless smartcards in the late 1980s. Cubic's Australian subsidiary has been operating in NSW for 10 years, where its CityRail solution supports close to a million journeys daily. Cubic's Defense Group provides instrumented training systems for military forces, data links, avionics systems, product logistical support, battle command training, radio communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. , and field service operation and maintenance. About SMARTPOS SMARTPOS represents a consortium of companies with a rich history of providing world-class transport technology and financial transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. solutions. The consortium consists of Cubic Transportation Systems (Australia) Pty Ltd PTY LTD Propriety Limited (company structure in Australia) , the Commonwealth Bank of Australia, EDS (Australia) Pty Ltd and Philips Electronics Australia Ltd. SMARTPOS brings together the experience and expertise necessary to introduce and integrate a new smartcard-based, user-friendly payment system for public transport. |
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