Cubic, Miami-Dade Transit Fast-Track EASY Card System in Record Delivery Time

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SAN DIEGO, CA, Oct 22, 2009 (MARKETWIRE via COMTEX) -- CUB | Quote | Chart | News | PowerRating -- In a record-setting 15 months from contract award to system completion, Cubic Transportation Systems, Inc., a subsidiary of San Diego-based Cubic Corporation (NYSE: CUB), and Miami-Dade Transit (MDT) launched the agency's new EASY Card automated fare collection system on October 1st. The new EASY Card system is now operational across MDT's 22 Metrorail stations and in nearly 900 buses.

Miami-Dade Transit awarded a contract to Cubic in June 2008 to replace its aging fare collection system of more than 25 years. Within seven months, the smart card bus fare collection equipment was operating on MDT's bus fleet, and the central computer, rail fare collection and parking management systems followed this summer. Cubic also integrated an automatic passenger counting system on the Metromover.

The EASY Card automated fare collection system is based on Cubic's proven fare collection technology that gives public transit operators improved reliability, revenue recovery over fare evasion, and better use of operational resources.

Tying it all together and providing the system's backbone is Cubic's Nextfare Central System, the powerful backend administrative and revenue management system that Cubic has fielded in 10 systems around the world.

"Nextfare gives our customers the tools to better manage the data that allows them to adjust their services to meet their customers' needs as well as to manage their operating costs," said Richard Wunderle, senior vice president and general manager for Cubic Transportation Systems.

"This project has been a partnership from the beginning, and we give credit to both our project team and Cubic for driving this to a successful launch," said Harpal Kapoor, director of Miami-Dade Transit. "We're confident our customers will be thrilled with the convenience the EASY Card offers."

EASY Card lets Miami transit riders ease their way from parking to rail to bus services across the city, all with a single smart card. The card can be used to pay all transit fares, including transfers between bus and rail.

Visitors can take advantage of the EASY Ticket, a recyclable paper smart card with an embedded contactless chip like the regular plastic EASY Card.

Cubic's modern systems give riders more convenience and less hassle by removing the need to carry cash and loose change. Cubic's systems also employ software applications and daily reports that give transit agencies access to important operational data. Transit agencies can use this data to track every aspect of their operation, including ridership, financial performance, media distribution, fare breakdown, and system and equipment performance.

Cubic(R) Transportation Systems, Inc., one of two major segments of Cubic Corporation, is the world's leading turnkey solution provider of automated fare collection systems for public transport including bus, bus rapid transit, light rail, commuter rail, heavy rail, ferry and parking. Cubic's solutions and services include system design, central computer systems, equipment design and manufacturing, device-level software, integration, test, installation, warranty, maintenance, computer hosting services, call centre services, card management and distribution services, financial clearing and settlement, multi-application support and outsourcing services.

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 region; San Diego region; San Francisco; Minneapolis/St. Paul; Chicago; Atlanta; Miami; Vancouver and Edmonton, Canada; Brisbane, Australia; and Scandinavia.

Cubic Corporation's defense segment is a world leader in realistic combat training systems, mission support services and defense electronics. For more information about Cubic, see the company's website at www.cubic.com.

Contact:
Jan Stevens
858-505-2174
jan.stevens@cubic.com

SOURCE: Cubic Corporation

mailto:jan.stevens@cubic.com

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