Cubic Receives Contracts from Three L.A. County Municipal Bus Operators Joining Regional Smart Card System; Newest Smart Farebox Contracts Bring Total to Six So Far.To download high-resolution, print-ready JPEG JPEG in full Joint Photographic Experts Group Standard computer file format for storing graphic images in a compressed form for general use. JPEG images are compressed using a mathematical algorithm. images, click on the thumbnail image above. WARNING: these images are very large (800K+) Click here for caption Business Editors/High-Tech Writers NOTE TO MEDIA: Multimedia assets available A photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.040303/bb4 SAN DIEGO--(BUSINESS WIRE)--April 3, 2003 Cubic Transportation Systems Inc., a subsidiary of San Diego-based Cubic Corp. (AMEX AMEX See: American Stock Exchange :CUB), announced that three more L.A. County municipal bus operators have joined the regional smart card ticketing system that Cubic is delivering to the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County Metropolitan Area Transit Authority (MTA (1) (Message Transfer Agent or Mail Transfer Agent) The store and forward part of a messaging system. See messaging system. (2) See M Technology Association. 1. (messaging) MTA - Message Transfer Agent. ). The three L.A. County bus operators -- Culver City Culver City, city (1990 pop. 38,793), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1917. It is a center of the U.S. motion-picture industry, whose roots in the city date to c.1915. Its chief manufactures are rubber products and computers. Bus, Santa Clarita Transit and the City of Torrance -- signed contracts with the Cubic subsidiary worth almost $4 million, to provide fareboxes that accept smart cards. In addition to these three, Cubic recently announced $6.3 million in contracts from Foothill Transit, Antelope Valley Transit Authority Antelope Valley Transit Authority is the transit agency serving the cities of Palmdale and Lancaster and their suburbs. Antelope Valley Transit Authority is operated under contract by Veolia Transport, and is affiliated and offers connecting services with Metro and Metrolink. , and the City of Montebello, and expects there could be participation from several more agencies in the coming weeks. "Each new contract from the independent operators brings the reality of a truly regional system even closer to fruition," said Richard Johnson, president and chief executive officer of Cubic Transportation Systems Inc. "Working closely with the MTA, we have been educating the regional bus operators on the many benefits that the new smart card-based system will bring to the entire county, particularly the riders. In that regard, the regional agencies have been very receptive to the project and we look forward to continuing our close coordination with the many participants." The "smart" fareboxes that will be delivered to the regional bus operators will be integrated with Cubic's core contactless smart card A smart card that uses radio frequencies to provide a wireless connection to the reader. The transmission range is only a couple of inches, but allows the card to be quickly passed by a reader in applications such as secured entrances. See smart card and UltraCard. technology, including the Tri-Reader(R), which will provide system compatibility among all the participating agencies. When the new smart card system is completed in 2005, L.A. County commuters will be able to use one smart card to ride many of the region's major transit services, including subway, bus and light rail systems. The system is being built under an $84 million contract MTA awarded to Cubic in April 2002, and will be California's largest regional smart card system for public transit. Cubic Transportation Systems is the world's largest provider of integrated electronic ticketing and revenue management systems. Every year, nearly 10 billion rides are taken worldwide using Cubic-designed systems in more than 40 major markets in cities on five continents, including London, Washington, D.C., Hong Kong, Chicago, 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 , Guangzhou, Shanghai, Atlanta, San Francisco, Singapore and Miami. Over the past 18 months, Cubic has received contracts to provide smart card-enabled ticketing technology to transit providers in Baltimore, Los Angeles, Minneapolis, New York, San Diego and Houston. As part of the TranSys consortium, Cubic supplied and maintains the entire automated fare collection system The Automated Fare Collection System (AFC) is the name given to three interoperable automated ticketing systems for government-run buses, trains and ferries in and around Sydney, Australia. , including smart cards, for the London PRESTIGE project. The corporation's other major segment, Cubic Defense Applications, provides instrumented air and ground combat training systems, battle command training, simulations and simulation support for U.S. and allied military forces. The group also produces high technology avionics, data links and communications products for government and commercial customers, and a wide range of technical and logistics services. For more information about Cubic, see the company's Web site at www.cubic.com. A photo is available at URL: http://www.businesswire.com/cgi-bin/photo.cgi?pw.040303/bb4 |
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