Cubic and Washington Metro Announce SmarTrip Card Sales Have Exceeded 150,000.Business Editors WASHINGTON D.C. and SAN DIEGO--(BUSINESS WIRE)--March 27, 2001 Cubic Transportation Systems, a subsidiary of San Diego-based Cubic Corp. (AMEX AMEX See: American Stock Exchange :CUB), and 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. Transit Authority (WMATA WMATA Washington Metropolitan Area Transit Authority ) say sales of SmarTrip(R) contactless smart cards have exceeded 150,000. The milestone coincides with the Metro's 25th birthday celebration this month. The SmarTrip card revolutionized 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 fare collection in the U.S. when it was integrated with Metro's magnetic stripe A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment terminals. fare card nearly two years ago. It was the first contactless smart card to be introduced by a major mass transit system in the United States. SmarTrip technology, developed by Cubic (which also developed WMATA's magnetic stripe ticketing system), allows Metro riders to use one card for trains and park-and-ride facilities. The latest Cubic fare collection contract will soon result in an interstate payment system allowing transit users to use their SmarTrip cards for WMATA buses, too. Cubic is the world's largest supplier of integrated ticketing and automated fare collection systems for mass transit, as well as 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 WMATA -- which enables employers to securely and conveniently deliver transit benefits to a customer's SmarTrip card. On an annual basis, at least 10 billion passengers pay for their mass transit rides using Cubic-designed payment systems. In addition to Washington, D.C., the firm supplied the nation's second smart card-based mass transit fare collection system, which was rolled out by the Chicago Transit Authority
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 , Atlanta, Hong Kong, Guangzhou, Shanghai, San Francisco, Singapore, Miami and Sydney. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion