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Maryland Tickets Cubic for $38.3 Million


Dec 21, 2001 (Internet.com via COMTEX) -- The Maryland Transit Administration
(MTA) has awarded Cubic Transportation Systems , a subsidiary of San Diego-based
Cubic Corp. , a $38.3 million contract to deliver the nation`s first statewide
smart ticketing system. The total value of the contract could reach $41 million
if all options are exercised.

The contract represents a final step in the MTA`s initiative to deliver seamless
transit throughout the state and completes the regional expansion of
Washington`s popular SmarTrip smart card system, in service since June 1999 for
rail and parking payment.

The new MTA ticketing system, using a single smart card, will join all subway,
light rail and commuter rail systems. The ticketing system will also link the
state`s commuters to the regional bus system that feeds into Washington, D.C.
This year, Cubic received a series of contracts totaling approximately $59
million for more than 3,000 smart card-enabled fareboxes and electronic
validators to be installed on buses throughout Washington, D.C., Maryland, and
parts of Virginia. Nearly 210,000 Washington riders are using the SmarTrip
system.

Cubic`s fare collection system will use both magnetic and smart card products
for the state`s subway, light rail, commuter rail and bus transit systems.
Maryland commuters who work in Washington, for example, and have to change
transit modes or operators will be able to pay using a single card.

Cubic will integrate the MTA`s new rail equipment, including gates, handheld
units and ticket vending machines with the Tri-Reader, Cubic`s core technology
for supporting system compatibility among all the participating agencies.
Tri-Reader is one of Cubic`s advanced smart card tools, developed to plug into
new and existing mass transit systems.

As part of the MTA contract, Cubic will deliver several value-added ticketing
services, such as SmartBenefits, a SmarTrip application currently in use at
Washington Metropolitan Area Transit Authority (WMATA), which allows
participating federal and private sector employees to receive transit benefits
directly on their SmarTrip cards at the WMATA vendors.

All MTA end devices will both dispense benefits and allow Autoload, which lets
transit users link their smart cards to their credit cards for automatic reload
of transit value into the system, similar to the way "EZ-Pass" works for toll
road users. In addition, users will be able to load value on their smart cards
at ticket vending machines using either their credit or debit cards.

The MTA equipment is scheduled for installation in stages between the second and
fourth quarters of 2003, with complete system acceptance by the third quarter of
2004. The equipment will be manufactured at Cubic`s Tullahoma, Tenn. production
facilities.
 
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