Four More Counties in Sweden Join Regional Smart Card Transit Fare Collection System; ``Resekortet'' System Will Connect Rail and Bus Services Throughout Southern Sweden.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. -- Cubic Transportation Systems Limited, a subsidiary of San Diego, Calif.-based Cubic Corporation (AMEX AMEX
See: American Stock Exchange :CUB), has received contracts totaling approximately 73.3 million SEK SEK
In currencies, this is the abbreviation for the Swedish Krona.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. or US$9 million from four additional counties in Southern Sweden to provide smart card fare collection systems that will link the counties to "Resekortet," the multi-modal smart card-based fare collection system that will connect rail and bus services throughout Southern Sweden.
This expands Cubic's contracts in Sweden to cover five counties, and increases the contract value to $31 million. These contracts were executed as options through Skanetrafiken, the transit operator for Skane, Sweden, the region's largest county.
Cubic is designing and delivering a system for Skanetrafiken that will connect all rail and bus fare Noun 1. bus fare - the fare charged for riding a bus or streetcar
fare, transportation - the sum charged for riding in a public conveyance collection operations for public transport in Skane through use of a common smart card for fare payment.
The four additional counties that have joined Resekortet are Blekinge, Kronoberg, Halland and Jonkoping.
Each of the counties will receive fare collection systems similar to Skane's, which will include software, a communications network The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. , back office computer systems and equipment for processing fare collection on the buses and trains and at rail stations. The processing equipment comprises driver control units; smart card validators and ticket issuing modules for buses; and ticket vending machines, platform validators and handheld devices for rail.
All five counties -- Skane and the additional four -- will cooperate with the new 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. fare system and will be able to provide complete interoperability within all the participating counties in Southern Sweden.
"By joining the regional system, each of the participating counties is making a commitment to greater access and convenience for their customers," said Nigel Bryant, managing director of Cubic Transportation Systems Limited. "Resekortet provides the infrastructure used in emerging smart card systems around the world for seamless fare collection and revenue management that will strengthen services in Southern Sweden."
These contracts serve as the most recent example of Cubic's presence and dedication to the Scandinavian transit industry. Cubic acquired the Danish company ScanPoint in 1994 and renamed it Cubic Nordic. ScanPoint had long been a major supplier of automatic fare collection systems in Scandinavia.
Cubic Transportation Systems, Inc. is the world's leading full-service systems provider of automated fare collection systems 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. 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 Jersey region, Washington, D.C./Baltimore/Virginia region, 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. region, San Diego region, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Minneapolis/St. Paul, Chicago, Atlanta, Vancouver and Edmonton, Canada, Brisbane, Australia, Singapore, Bangkok, Thailand, China and Scandinavia.