Cubic Receives Contract to Expand Bus Fare Collection System for TransLink.Business Editors SAN DIEGO--(BUSINESS WIRE)--May 18, 2004 Cubic Transportation Systems, Inc., a subsidiary of Cubic Corporation (AMEX AMEX See: American Stock Exchange :CUB), announced it has received a contract for $2.4 million from TransLink of Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , for up to 240 electronic fareboxes and spare modules that will be added to meet the needs of the region's expanding bus services. The new farebox order for TransLink and Coast Mountain Bus Company Coast Mountain Bus Company (CMBC) is the contract operator for bus transit services in Greater Vancouver and is a wholly owned subsidiary of the Greater Vancouver Transportation Authority known locally as TransLink, the entity responsible for transit. , an operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of TransLink, is a follow-on to the original bus fare Noun 1. bus fare - the fare charged for riding a bus or streetcar carfare fare, transportation - the sum charged for riding in a public conveyance collection system Cubic supplied in 2000 under a contract valued at approximately $17 million. The fareboxes process coins and magnetically encoded tickets for fare payment. The fareboxes also issue magnetically encoded transfers for use on other buses or TransLink's SkyTrain or SeaBus, providing a seamless, multi-modal way of travel for Vancouver's public transport patrons. "We are pleased to continue what has been a very successful relationship with our Vancouver customer," said Richard Johnson Richard Johnson may refer to:
In addition to delivering the Vancouver region's bus fare collection system, Cubic designed, delivered and installed the advanced fare collection system that has been operational since 2002 for TransLink's SkyTrain light rail system. 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
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 York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of / 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 C4ISR Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance C4ISR Command, Control, Communications, Computer, Intelligence, Surveillance and Reconnaissance C4ISR Command Control Communications Computers Intelligence Surveillance and Reconnaissance (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. |
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