Cubic Transportation Systems, Inc., the transportation unit of Cubic Corporation (NYSE: CUB), reached a milestone on August 16 when customer San Francisco Municipal Transportation Agency (SFMTA) introduced its new revenue management system for collecting and processing fares on the Municipal Railway (Muni).
The revenue management system -- which was previously integrated across Muni's bus operations -- is part of the Bay Area-wide Clipper(SM) Card regional fare collection system launched in June by the Metropolitan Transportation Commission (MTC). MTC is the regional agency with planning and financing oversight for the Bay Area's two dozen transit operators in nine counties.
Cubic's new fare gates and ticket vending machines were unveiled at the August 16 press conference by local transportation officials including Nathaniel Ford, SFMTA executive director and CEO, Federal Transit Administration Regional Director Leslie T. Rogers, and San Francisco Mayor Gavin Newsom's appointment to the MTC, Jon Rubin.
"Muni moves nearly the equivalent of San Francisco's population every day," said Ford, "and we are constantly looking for ways to improve the riding experience for each of our customers by making our system even more efficient and easier to use. The new, modern Clipper fare gates and TVMs are more examples of our commitment to these important goals."
Cubic will complete installation at Muni's nine stations by early October, four months ahead of schedule. Cubic's ticketing machines add new features for Muni customers, including the ability to buy the regular Clipper Cards preferred by regular riders and the new 90-day Muni Limited Use Ticket designed for visitors and infrequent users.
At the same time that the customer infrastructure is making it easier for Muni customers to ride public transport, Cubic's back-end Nextfare@ central computer system is collecting the data that gives transit officials better visibility into operational data -- data that will help Muni management allocate services and resources in sync with customer travel patterns.
The Clipper Card regional system will be the largest in the U.S. once Cubic completes integration across all Bay Area transit operators. Currently, it operates on Muni, BART, AC Transit, Golden Gate Ferry & Transit and Caltrain. Sam Trans and Santa Clara Valley Transportation Authority are scheduled to come aboard the system by the end of the year.
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, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services.
Cubic@ Transportation Systems, Inc. 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; 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 www.cubic.com (http://www.cubic.com) .
