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Cubic Receives $54.5 Million Six-Year Services Contract Extension for LA Metro

San Diego, Calif., August 13, 2013–Cubic Transportation Systems, the designer and integrator of the TAP universal fare collection system and the largest smart card system in North America, has received a $54.5 million six-year extension to the company’s system support services contract with the Los Angeles County Metropolitan Transportation Authority (Metro).

This service extension covers the repair and maintenance of Metro’s rail fare collection equipment, TAP validators for regional bus operators, and the back office systems that process the TAP smart card data for Metro’s bus and rail system and ten regional operators. The TAP system supports six rail lines, 80 stations, and over 4,000 buses regionally. Cubic maintains and supports more than 2,000 devices under this service contract.

“Our contract extension validates a client relationship of more than ten years,” said Richard Wunderle, senior vice president and general manager, North America operations. “In that time, we have delivered not only a successful fare collection system but the services essential to keep the system operational.”

Since the start of 2013, approximately 21 million TAP boardings are recorded monthly on the Metro network including about 16 million on buses and 5 million on the rail system. Also during this time, in a typical month, almost 1.5 million transactions are made on the rail ticket vending machines resulting in over $6 million in revenue.

Metro began gate latching on the Cubic-designed TAP system in June, which will ensure that customers pay with their TAP cards. In addition to fare accountability, Metro is looking forward to improved ridership data and efficiency that will help the agency tailor services and transit demand.

Today, in addition to Metro, the regional partners integrated into the TAP system include the Los Angeles Department of Transportation and the municipal bus operators of Culver City, Foothill, Santa Clarita, Montebello, Gardena, Norwalk, Torrance and Antelope Valley. The newest operator to join TAP is Metrolink, the commuter rail system serving the counties of Los Angeles, Orange, Ventura, Riverside and San Bernardino. In addition, Access Services, the paratransit operator in the region, provides a TAP/VISA card to enable TAP usage on fixed route service.

About Cubic Transportation Systems

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 secure communications systems. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for U.S. and allied nations.

Cubic® Transportation Systems, Inc., is a leading integrator of payment and information solutions and related services for intelligent travel applications. Cubic delivers integrated systems for transportation and traffic management, delivering tools for travelers to choose the smartest and easiest way to travel and pay for their journeys, and enabling transportation authorities and agencies to manage demand across the entire transportation network–all in real-time. 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 7 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; Germany; and Scandinavia.

For more information about Cubic, see the company’s website at http://www.cubic.com.

Media contacts

Debra Montner
Montner & Associates
PH: 203-226-9290 ext. 112
Cell: 203-984-7861

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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