Company Press Release
Singapore Transit Authority Awards Cubic Transportation Systems $23.6 Million Contract for Smart Card Ticketing Machines
SAN DIEGO--(BUSINESS WIRE)--April 22, 1999--The Singapore Land
Transport Authority (LTA) has awarded Cubic Transportation Systems
Inc. (CTS), a subsidiary of San Diego-based Cubic Corp. (AMEX:CUB - news), a
$23.6 million contract to provide smart card-vending ticketing
machines for use at all LTA rail and bus stations, the company
CTS will design, build and deliver 370 advanced ticketing units
called the General Ticketing Machine (GTM). Cubic was the contractor
for the original Singapore Mass Rapid Transit Corp. fare collection
system that was installed in 1987.
The new ticketing machine integrates advanced contactless smart
card technology, including the capability to vend, revalue, retrieve,
and recycle smart cards. At the same time passengers return cards for
recycling, the GTMs will refund passenger deposits which are required
at the time of purchase.
Other features include an interactive touchscreen display, a
multi-language application including English, Tamil, Malay and
Chinese, and credit/debit card payment capability.
The Cubic-designed ticketing machines will be installed in
various rail stations providing service to more than 100km of rail
lines as well as the majority of bus routes.
Stations with and without LTA ticket agents will be equipped with
the GTMs. For staffed stations, the machines will reduce queueing at
``The LTA award is significant, allowing us to showcase a new
generation of ticketing machines, as well as ensuring the company's
continuing active presence in Singapore until the year 2003,'' said
John Lincoln, president and chief executive officer of CTS. ``The
contract reaffirms a working relationship with one of our most
important customers, and means Cubic will be part of Singapore's 21st
century transit solution, which will be based on smart cards.''
CTS is currently working in Singapore on installations for the
Bukit Panjan Light Rail Line. The design and engineering team will
include employees from Cubic facilities in Singapore, Hong Kong, and
San Diego, while production will be provided by the company's
Tullahoma, Tenn. plant. Delivery of the first 100 GTMs is scheduled
for October 2000.
Cubic Transportation Systems Inc., a world leader in automatic
fare collection systems for mass transit, has installed turnkey AFC
systems in major cities throughout the world, including London, New
York, Chicago, Washington, D.C., Hong Kong, Kuala Lumpur, Sydney, and
two leading cities in China, Guangzhou and Shanghai.
Gerry Reeves, 619/505-2330
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