Cubic Wins $35.5 Million Contract to Supply Fare Collection Equipment for Singapore Land Transport Authority’s Future Rail ...
September 15 2016 - 7:00AM
Business Wire
Cubic Transportation Systems re-enters
Singapore market with enhanced fare collection system
Cubic Corporation (NYSE:CUB) today announced that a consortium
of its subsidiaries, Cubic Transportation Systems (Australia) Pty
Limited and Cubic Technologies Singapore (C-Tech) Pte. Ltd., signed
a contract with the Land Transport Authority (LTA) in Singapore to
design and deliver automated fare collection equipment for the
authority’s future Thomson-East Coast Line. The contract for $35.5
million ($48.5 million Singapore) includes the design, development,
test and integration with LTA’s current fare collection system.
Under the agreement, Cubic will deliver a full suite of devices
for deployment in stations and operations depots. The contract
marks Cubic’s renewal of customer relations with LTA that began
with the region’s original fare collection system in the 1980s,
followed by the 1999 win to supply Cubic’s General Ticketing
Machines. The system was the first of its kind to issue and recycle
contactless smart cards for single trips as well as topping up
reloadable smart cards using notes, coins and bankcards.
“We are delighted to have been selected for this contract, which
is part of LTA’s goal to increase connectivity for commuters not
directly served by the rail network currently,” said Tom Walker,
Asia-Pacific managing director, Cubic Transportation Systems.
“Cubic’s experience with payment systems for many of the world’s
largest transport systems was a key factor in the process, and we
are excited by the opportunity to re-establish our footprint with
the LTA, an important and respected customer of many years.”
The LTA’s Thomson-East Coast Line is under construction with the
first stage to be launched in 2019 and the last stage to be
completed in 2024.
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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MacGregor Public RelationsJohn MacGregor0414 445
447jmac@macpr.com.auorCubic CorporationLaura ChonCorporate
Communications+1 858-505-2181laura.chon@cubic.com
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