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U.S.-Based Cubic Transportation Systems, Inc. Opens an Office in China; Company Teams with Digital China to Bid for Beijing Metro Contracts BEIJING & SAN DIEGO, Jun 9, 2004 (BUSINESS WIRE) -- Cubic Transportation Systems, Inc., a subsidiary of San Diego-based Cubic Corporation (AMEX: CUB), has established its China headquarters in Beijing, China. The new company will be called Cubic Transportation Systems (Beijing) Co., Ltd. The initiative is linked to the company`s commitment to be active in the manufacture and supply of automatic fare collection systems and equipment to railway operators in what is the world`s fastest developing market. "We have been working in China for a number of years and have now decided it is time to more formally stake our presence in the market place," said Walter C. Zable, chairman of Cubic Transportation Systems. "Transport operators in China are seeing the need to make their ticketing and fare collection systems more streamlined and efficient and as a result we see tremendous opportunities to introduce our expertise. "We will be bidding in the next few weeks for major contracts being tendered by the Beijing Metro," he said. "Cubic has designed and installed fare collection systems and equipment on behalf of railway authorities in nearly every major city of the world. Beijing, which will soon be under the international spotlight when it hosts the 2008 Olympics, is working hard to ensure its transportation networks are operating to a high and efficient standard. "Cubic, along with our partner, Digital China, understands the city`s needs and is ready to provide our services, expertise, experience and technology to the people of Beijing and help them make a success of the Olympics," Zable added. In China, Cubic has successfully installed systems and equipment in Guangzhou and Shanghai. In Asia, Cubic has installed systems and equipment in the Hong Kong MTR, the Singapore MRT, Bangkok`s Skytrain and the LRT Kuala Lumpur. Cubic is teaming with local partner Digital China for the Beijing Metro projects. Digital China is China`s largest systems integration provider, and is the first in the provision of IT products distribution and e-commerce services. The Chairman of Digital China, Li Qin, said his company was delighted to be working with Cubic. "Cubic is one of the world`s leading providers of AFC systems and equipment in the world and will enable us to expand our already broad technical capability and offering into the transportation field," he said. "We have been doing research and development work with Digital China for the last several months in preparation for these tenders and have built up a good working relationship and technical rapport," said John Annison, vice president of Cubic Transportation Systems for Asia. "As a result, we are confident of being able to deliver to the Beijing Metro, good reliable technical solutions -- on time and within budget," said Annison. A Chinese version of Cubic Transportation Systems` web site can be found at www.cubic.com/cts. |
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| aus der Diskussion: | aggressiv kaufen |
| Autor (Datum des Eintrages): | frank55 (09.06.04 20:49:20) |
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