Cubic Transportation Systems in Partnership With Transport for London and ATOC Scoops Top Award at 2012 International Transport Forum
(Marketwire Via Acquire Media NewsEdge) SAN DIEGO, CA -- (Marketwire) -- 05/11/12 --
Cubic Transportation Systems (NYSE: CUB), Transport for London (TfL) and the Association of Train Operating Companies (ATOC) have been awarded the prestigious Transport Achievement Award at the 2012 International Transport Forum ceremony in Leipzig, Germany. Awarded to a project, initiative or service offering that demonstrates progress towards the vision of seamless transport, the partnership was applauded for its outstanding work in introducing Oyster to the National Rail network in London.
Cubic worked closely with TfL, ATOC and the train companies to upgrade National Rail services in Greater London so that stations not on the Underground could form part of the seamless Oyster network and enable passengers to reap the rewards of using a fully integrated, flexible smartcard. Since January 2010, 350 National Rail stations in London have been able to accept Oyster "pay as you go," and usage on services operating in the area has increased from half a million to over 2.5 million journeys per week. Passengers are now able to use their Oyster card on multiple modes of transport in the capital -- including National Rail services, the Underground, the Overground, the DLR and buses.
Roger Crow, Cubic managing director for Europe, said, "We are delighted to have been recognized with this prestigious award, alongside our colleagues at TfL and ATOC. This major project success showcases what can be achieved by a truly collaborative partnership and we are very proud of the difference that we and our partners make to the daily travel experience of so many."
Shashi Verma, TfL's director of customer experience, said, "Extending Oyster coverage to all 350 National Rail stations in Greater London has been a massive improvement for passengers. The Mayor was determined to make that happen and recognition of the achievement is hugely encouraging. We will continue to explore even more ways to improve customer experience."
Peter Twigg, head of London Support at ATOC, said, "The extension of Oyster 'pay as you go' to National Rail has been a fantastic success. The aim was to make public transport around the capital easier for thousands of rail passengers every day. The huge take up since its launch shows that customers really appreciate the benefits that Oyster offers. It took huge amounts of joint work behind the scenes by train companies, TfL, Cubic and the Government, so recognition through this award is gratifying for all involved."
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 center 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.
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.
Rosemary Alton/Harriet Jamieson
HA Media Global
PH: +44 20 8289 6216
Timothy A. Hill
Director of Corporate Communications
Source: Cubic Corporation
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