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Cubic Awarded $16 Million Maintenance Contract For Los Angeles Airport Parking Facilities; Contract is First in Industry to Offer a Lifetime Warranty SAN DIEGO, Feb 24, 2003 (BUSINESS WIRE) -- Cubic Transportation Systems Inc., a subsidiary of San Diego-based Cubic Corp. (AMEX: CUB), has received a five-year, $16 million service contract from the Los Angeles World Airports (LAWA) for parking control systems maintenance. Via this contract, LAWA is the first in the North American transit industry to take advantage of Cubic`s unique lifetime warranty program. Under Lifetime Warranty, Cubic will provide a variety of maintenance and technical services for the computerized parking control systems at Los Angeles International, Van Nuys Airport and Ontario International Airport public parking facilities. Cubic has been providing maintenance at the three airports since the late 1980s. The company offered a lifetime warranty to help transportation operators manage costs by extending the operational life of their existing systems while continuing to deliver efficient fare collection and other services. "We are pleased to provide this innovative program to our longstanding customer, Los Angeles World Airports, and will make it available to new customers, as well," said Nigel Bryant, senior vice president of Cubic`s customer services worldwide. "By offering a fixed-price contract, we will help transportation operators control maintenance costs, ensure equipment performance and reliability, and protect against obsolescence for the life of the agreement." Cubic`s contract will support all hardware and software requirements and maintain aggressive levels of service performance to ensure the facilities at each of the three airports will be operational around the clock 365 days a year. "For years Cubic mainly has been providing parking control services as a complement to the automatic fare collection system contracts we`ve had with mass transit operators in the U.S. and abroad. Now we are expanding our service offerings beyond that traditional market to all transportation parking facility operators throughout the U.S., and including this unique lifetime warranty program," said Richard Johnson, chief operating officer for Cubic Transportation Systems. The lifetime warranty agreement includes spares, labor, corrective and preventive maintenance, depot repair, and significant additional features such as assured equipment availability and asset refresh and enhancements. Cubic Transportation Systems is the world`s largest provider of integrated electronic ticketing and revenue management systems. Every year, nearly 10 billion rides are taken worldwide using Cubic-designed payment systems in more than 40 major markets in cities on five continents, including London, Washington, D.C., Hong Kong, Chicago, New York, Guangzhou, Shanghai, Atlanta, San Francisco, Singapore and Miami. Over the past 18 months, Cubic has received contracts to provide smart card-enabled ticketing technology to transit providers in Baltimore, Los Angeles, Minneapolis, New York, San Diego and Houston. As part of the TranSys consortium, Cubic supplied and maintains the entire automated fare collection system, including smart cards, for the London PRESTIGE project. The corporation`s other major segment, Cubic Defense Applications, provides instrumented air and ground combat training systems, battle command training, simulations and simulation support for U.S. and allied military forces. The group also produces high technology avionics, data links and communications products for government and commercial customers, and a wide range of technical and logistics services. For more information about Cubic, see the company`s Web site at www.cubic.com. |
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| aus der Diskussion: | grossauftrag für cubic |
| Autor (Datum des Eintrages): | frank55 (24.02.03 15:41:49) |
| Beitrag: | 74 von 143 (ID:8710072) |
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