Cubic Transportation Systems Opens Boston Office.Business Editors SAN DIEGO--(BUSINESS WIRE)--Aug. 28, 2001 Cubic Transportation Systems Inc., a subsidiary of San Diego-based Cubic Corp. (AMEX AMEX See: American Stock Exchange :CUB), has opened an office in Boston. The company is positioning itself to support potential opportunities for "smart" transit ticketing systems, including a Massachusetts Bay Transportation Authority The Massachusetts Bay Transportation Authority (MBTA) is "a body politic and corporate, and a political subdivision" of the Commonwealth of Massachusetts [1] formed in 1964 to finance and operate most bus, subway, commuter rail and ferry systems in the greater (MBTA MBTA Massachusetts Bay Transportation Authority MBTA Migratory Bird Treaty Act of 1918 MBTA Model-Based Tracking Algorithm ) bid expected to be released in the fall. The Boston "T," the nation's oldest and fourth largest transportation system, is targeted for an upgrade of its ticketing system within the next five years. It includes light rail, commuter rail, bus, paratransit and ferry services. "We want to be positioned, prepared and ready to deliver a proven and relevant ticketing technology that works for Boston. By learning and living the transit system and the city, our team will understand operational issues and requirements," said John Satterfield, vice president, Eastern Region, Business Development for Cubic. "Cubic has a history of establishing geographical closeness to our customers, and it's a strategy that has proven to be successful." In addition to its headquarters in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. and manufacturing facilities in Tennessee, Cubic's transportation sector has offices in London, Bonn and Frankfurt, Germany, Sydney, Australia, and Denmark, as well as in Washington, D.C., 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 , and Chicago, where the company installed the nation's major automated fare collection systems and the first smart card-based systems in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Cubic is the world's largest supplier of integrated ticketing and automated fare collection systems for 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 , including magnetic and smart card-based systems. Cubic also is the technology developer behind the Nextfare(TM) Solution Suite, a package of advanced tools that can be integrated into any automatic fare collection system. An example is Nextfare Express -- called SmartBenefits by the Washington Metropolitan Area The Washington Metropolitan Area, formally known as the Washington-Arlington-Alexandria, DC-VA-MD-WV MSA is a U.S. Metropolitan Statistical Area (MSA) as defined by the United States Office of Management and Budget (OMB) as of November 2004. Transportation Authority -- which enables employers to securely and conveniently deliver transit benefits to a customer's smart card. Every year, at least 10 billion passengers on five continents in more than 40 major markets pay for their mass transit rides using Cubic-designed payment systems. Cubic's installations include London, Washington, D.C., Hong Kong, Chicago, New York, Guangzhou and Shanghai, China, Atlanta, San Francisco, Sydney, Australia, Singapore and Miami, among others. Cubic Transportation Systems is the world's largest supplier of total revenue services, including integrated ticketing and automated fare collection systems for mass transit that utilize a magnetic ticketing base system to support the future addition of smart card systems as transit agencies expand their objectives. Cubic's other major segment, the Cubic Defense Group, produces instrumented air and ground combat training systems for both the U.S. and allied military forces. In addition, the defense group produces avionics, data links and communications systems, provides support for military simulations and battle command training, and provides product logistical support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . Cubic Corp. celebrates its 50th anniversary this month. |
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