Cubic Awarded $65 Million Sydney Rail Contract for Services
April 24 2012 - 7:00AM
Marketwired
Cubic Transportation Systems, 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, has been awarded, through its Australian division, a
three-year contract to provide expanded operations, maintenance of
ticketing equipment, infrastructure and delivery of associated
services for passenger rail operations in Sydney, Australia's
largest city.
The maximum value of the services to be provided by Cubic to
RailCorp (Rail Corporation New South Wales) under the contract is
expected to be approximately $65 million. The contract includes
provisions to be extended with two one-year options for
services.
"Cubic is delighted to have been awarded the contract, which not
only continues our existing work but also expands the services we
provide for RailCorp and its customers," said Tom Walker, managing
director of Cubic Transportation Systems Australasia. "We have
enjoyed a long and constructive relationship with RailCorp in
Sydney, which we value greatly. Cubic looks forward to working
closely with RailCorp to bring improved ticketing services to
Sydney commuters."
Walker said the contract's service level agreement will ensure
that Cubic's services meet RailCorp's key goal of continually
improving services for customers. It commenced on April 21, 2012,
and includes a full range of operations and services for RailCorp's
Automatic Ticketing System.
The service level agreement measures system availability and
service delivery against key performance indicators to promote
continuous improvement and provide "world class" levels of
services.
Benefits of the new contract are expected to include more
efficient and effective management of ticketing, high levels of
equipment availability and an improved customer experience.
Services provided by Cubic will include all maintenance for
Cubic's ticketing equipment including gates, vending and booking
office machines, network fault monitoring and field service
management through a Ticketing Services Control Centre (TSCC), and
managing cash services at RailCorp's CityRail and CountryLink
stations.
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.
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.
For more information about Cubic, see the company's Web site at
www.cubic.com.
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Media Contact: Timothy A. Hill Director of
Corporate Communications Cubic Corporation PH: 858-505-2430 Cell:
858-232-2927 timothy.hill@cubic.com
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