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Cubic selected for the first system of electronic ticketing in Germany
LONDON – (Marketwire – November 24, 2009) – Rhein Main Services (RMS), on behalf of the Transit Authority Rhein-Main-Verkehrsverbund (RMV), Deutschland has selected Cubic to develop both the initial stage and the core of the first major German electronic ticketing. Deutschland cubic part of the transportation segment of Cubic Corporation (NYSE: CUB), a global leader in systems fare collection and public transport services.
As part of the contract, Cubic will develop an integrated back-office computer and provides POS terminals. Cubic will also operate the system for three years. All systems and devices will be designed for the German National Standard ticketing mail.
The new electronic ticketing system covering the entire region of the RMV, which includes the city of Frankfurt, Germany's business and financial center, and around 153 transport operators. The population of the region is over $ 5 million with about 650 million trips taken on public transport per year. The RMV and its partners, operates over 3,300 buses and 600 rail and tram stations. In the future, the ticketing system will be expanded to cover the whole area of RMV.
Steve Shewmaker, transport Cu President Worldwide Systems, said: "While this contract is our largest in Germany, also have RMV contracts and other German cities to expand the use of mobile phones to electronic ticketing. We hope to combine these efforts in the future and give Germany with some of the most modern and efficient electronic ticketing in the world. "
Marcus Platts, Managing Director of cubic Deutschland, said: "cubic is pleased to work with RMS and RMV. We are committed to providing a first class service and hope that the implementation of the plans we have developed. "
Cubic is already well established in the United States, UK and Australia as a systems integrator and is the world leader in automatic ticket issuing electronic tickets. The award of this contract in the region of Frankfurt / RMV of Germany provides an important growth opportunity for the company building Long cubic venture for the German market.
About Cubic:
Cubic ® Transportation Systems, Inc. is one of the two major segments of Cubic Corporation, is the world's leading turnkey solutions for automated fare collection for public transport, including buses, rapid transit, light rail, commuter train, rail, ferry and parking. cubic solutions and services include system design, central systems computer design and manufacture of equipment, device-level software, integration, testing, installation, warranty, maintenance, hosting equipment, call center services, card management and distribution services, financial clearing and settlement support for multiple applications and outsourcing services.
Each year, nearly 10 billion rides are taken worldwide using fare collection systems Cu. Cubic has delivered more 400 projects in 40 major markets on five continents. Active projects include London, the UK South East region, New York / New Jersey region, Washington, DC / Baltimore / Virginia region, Los Angeles region, San Diego region, the San Francisco Bay Area, Minneapolis / St. Paul, Chicago, Houston, Atlanta, South of Florida, Vancouver and Edmonton, Canada, Brisbane, Australia, Singapore, Modena, Italy, and southern Scandinavia.
Cubic Corporation segment Defence is a world leader in realistic combat training systems, support services and defense electronics mission. For more information about Cubic, see the company web site at www.cubic.com.
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