Cubic Receives Contract for Trial of Open Loop Payment Fare Ticketing in Sydney, Australia
December 16 2016 - 7:00AM
Business Wire
Cubic Transportation Systems (CTS), a business unit of Cubic
Corporation (NYSE:CUB), announced today that it has received a
contract worth US$7.6 million, or AU$10.2 million, from Transport
for New South Wales (TfNSW) to deliver a trial of an open loop
payments ticketing technology to Sydney, Australia’s largest
city.
The trial, to begin in 2017, will allow Sydney commuters of
participating payment schemes to tap their contactless bankcard
directly on Opal readers at the trial site to pay for travel.
“Sydney is leading the way in this part of the world with the
open payments technology, being the first city to deploy such
technology in Australia and the Southern Hemisphere,” said Tom
Walker, senior vice president and managing director of Asia
Pacific, Cubic Transportation Systems. “Technology elements of both
the London and Chicago systems will be incorporated in the new
Sydney contactless project, leveraging the best of both combined
with the award-winning Opal system.”
“The NSW Minister for Transport and Infrastructure, Andrew
Constance, has announced his desire to transform TfNSW into a
technology-driven organization and this is a clear demonstration of
that strategy. Cubic is very proud to be part of this open loop
trial,” added Walker.
Contactless ticketing was first launched on London buses in 2012
and then rolled out across the entire public transport system in
the London capital in 2014. More than 600 million journeys have now
been made, using over 12 million credit and debit cards from 97
countries, in addition to the use of mobile devices.
As part of Cubic’s technology delivery to Sydney, the Opal smart
card ticketing system, which completed its rollout across all modes
in late 2014 ahead of schedule and within budget, was intentionally
“future-proofed” to enable the new open loop payments technology to
be added-on once it had been proved in major world markets.
About Cubic Corporation
Cubic Corporation designs, integrates and operates systems,
products and services focused in the transportation, defense
training and secure communications markets. Cubic Transportation
Systems is a leading integrator of payment and information
technology and services to create intelligent travel solutions for
transportation authorities and operators. Cubic Global Defense is a
leading provider of live, virtual, constructive and game-based
training solutions, special operations and intelligence for the
U.S. and allied forces. Cubic Mission Solutions provides networked
Command, Control, Communications, Computers, Intelligence,
Surveillance and Reconnaissance (C4ISR) capabilities for defense,
intelligence, security and commercial missions. For more
information about Cubic, please visit the company's website
at www.cubic.com or on Twitter @CubicCorp.
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version on businesswire.com: http://www.businesswire.com/news/home/20161216005037/en/
MacGregor Public RelationsJohn MacGregorPH: 0414 445
447jmac@macpr.com.auorCubic CorporationLaura ChonCorporate
CommunicationsPH: +1 858-505-2181laura.chon@cubic.com
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