Cubic Celebrates Ten Years Since Signing go card Contract

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Cubic Transportation Systems Australia, part of the transportation systems division of Cubic Corporation (NYSE:CUB), is celebrating a ten-year milestone since signing the go card contract in South East Queensland, which is recognized as Australia’s best smart card ticketing system.

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It is a remarkable achievement to have realized half-a-billion trips in five years, coupled with the distribution of three and a half million go cards during that period

Cubic Transportation Systems Australia, part of the transportation systems division of Cubic Corporation (NYSE:CUB), is celebrating a ten-year milestone since signing the go card contract in South East Queensland, which is recognized as Australia’s best smart card ticketing system.

The contract, awarded in 2003, was a defining moment for Cubic as it was the first large-scale operating contract for the company. Cubic is responsible for all ticketing systems operations and maintenance, the retail network, regional clearing and settlement, card management and customer services.

Steve Shewmaker, president, Cubic Transportation Systems, said the go card contract changed the way Cubic conducts business globally.

“It was a landmark project for Cubic. Instead of simply delivering a ticketing system to our customers, the go card was our first experience of delivering and operating a full suite of managed services,” Shewmaker said. “This has now become our business model and something we use across the world in places like London, Sydney, Vancouver, San Francisco and Chicago."

Cubic Transportation Systems’ Australasia managing director Tom Walker said Cubic is delighted to be part of a smart card ticketing system that continues to go from strength to strength.

“It is a remarkable achievement to have realized half-a-billion trips in five years, coupled with the distribution of three and a half million go cards during that period,” he said. “The system’s operators, TransLink and the Queensland Government, should be congratulated for introducing some innovative programs to increase passenger numbers. These include the “9 + Free” program, which rewards commuters with free travel after they take more than nine journeys a week.”

The smart card now accounts for more than 90 percent of all train trips and 83 percent of all public transport trips network wide.

Walker said he was particularly proud the system was named the best smart card ticketing system in Australia by peak industry body, the Tourism & Transport Forum (TTF).

“We have more than100 staff based in Brisbane who work on the project, with many of them being involved from the start. They should all be proud to be part of Australia’s best ticketing system and for delivering a world-class operation to Queensland commuters each day,” said Walker.

Fast Facts –

  •     The go card contract was awarded to Cubic in 2003
  •     The system officially launched in February 2008
  •     More than 3.5 million go cards have been issued to date
  •     The go card is available on 2,428 buses, at 147 rail stations and 32 ferry wharves
  •     The system recently underwent a major network extension with ferry services for Southern Moreton Bay islands (SMBI) officially becoming part of the TransLink network.

About Cubic Transportation Systems

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 secure communications systems. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for U.S. and allied nations.

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; Germany; and Scandinavia.

For more information about Cubic, see the company's website at http://www.cubic.com.

Contacts:
John MacGregor
Managing Director
MPR
PH: 61-2-9969-3600
Cell: 61-414-445-447
jmac(at)macpr(dot)com(dot)au

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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