Cubic Receives Extension for LA Metro Fare Collection System Support Services

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Company currently supports gating equipment, rail and mobile phone validators, ticket vending machines and regional networks

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We are extremely pleased to continue our valued relationship with Metro, which includes delivery of the services that will continue the high reliability levels associated with fare collection

Cubic Transportation Systems has received an extension to their system support services contract from the Los Angeles County Metropolitan Transportation Agency (Metro) for the components of the Universal Fare System (UFS) fare collection system that is the foundation of the regional contactless smart card branded as TAP. The increase in contract value is approximately $9 million. Cubic Transportation Systems is a business segment of San Diego-based Cubic Corporation (NYSE:CUB), and a leading integrator of payment and information technology and services for intelligent travel solutions.

The TAP smart card-based regional system for LA Metro and participating agencies is built on the Nextfare hardware and software platform for managing fare collection and operational data. Cubic’s services contract includes the corrective and preventative maintenance of all rail equipment include gating equipment, rail validators, ticket vending machines, full-featured and limited office ticketing machines, garage computers, mobile phone validators, the Metro central system, the communications network and the regional central system which enables the system to be used among participating agencies in LA County. Cubic also supports the garage computer systems, wireless access points and depot repairs for fareboxes for LA Metro and participating municipal operators as well as depot repair for the regional point of sale network.    

“We are extremely pleased to continue our valued relationship with Metro, which includes delivery of the services that will continue the high reliability levels associated with fare collection,” said Richard Wunderle, senior vice president and general manager, Cubic Transportation Systems’ North America operations.

About Cubic

Cubic® Transportation Systems, Inc. is part of Cubic Corporation. Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services.
Cubic Transportation Systems, Inc., is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic delivers integrated solutions that help transport operators manage their operations and services and give passengers choices in the smartest and easiest ways to pay their fares. Cubic specializes in design, development, manufacture, supply, installation, integration, services and information. Services provided by Cubic include on-site management, central systems, operations support, patron support, business support and field services.

Every year, nearly 10 billion rides are taken worldwide using Cubic payment and information systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; and Scandinavia.
For more information about Cubic, see the company's Web site at http://www.cubic.com.

Media contacts:

Montner & Associates
Debra Montner 203-226-9290 ext. 12 (office)
203-984-7861 (mobile)

Timothy A. Hill
Director of Corporate Communications
Cubic Corporation
PH: 858-505-2430
Cell: 858-232-2927
timothy.hill(at)cubic(dot)com

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