About Cubic Corporation
Cubic Corporation designs, integrates and operates systems, products and services focused in the transportation, defense training and secure communications markets. As the parent company of two major business units, Cubic’s mission is to increase situational awareness and understanding for customers worldwide. Cubic Transportation Systems is a leading integrator of payment and information technology and services to create intelligent travel solutions for public transit authorities and operators. Cubic Global Defense is a leading provider of realistic combat training systems, secure communications and networking and highly specialized support services for military and security forces of the U.S. and allied nations. For more information about Cubic, please visit the company's website at www.cubic.com or on Twitter @CubicCorp.
Media Contacts:
Debra Montner Montner
Tech PR
PH: 203-226-9290 ext. 112
Cell: 203-984-7861
dmontner@montner.com
Laura Chon
Corporate Communications Cubic Corporation
858-505-2181
laura.chon@cubic.com
Cubic Transportation Systems re-enters tolling market with “best-value” contract Award will add new jobs to New Hampshire economy
SAN DIEGO – November 2, 2015 – Cubic Transportation Systems (CTS), a business unit of Cubic Corporation (NYSE: CUB), today announced it was awarded a $52 million, 5.5 year contract by the New Hampshire Department of Transportation (NHDOT) to deliver a new back office for the E-ZPass system supporting the state’s toll roads. The new system will deliver E-ZPass billing, collection, enforcement and customer service operations including a redesigned website and a new mobile app for NHDOT customers.
Cubic has commenced the design, testing, installation and maintenance services with the new system expected to go live in late 2016, followed by approximately four-and-a-half years of additional operations and maintenance. NHDOT’s options include the ability to renew for up to three additional three-year operational periods. Cubic’s re-entry to the tolling market supports Cubic’s NextCity vision for delivering specialized transportation systems and services that, in addition to tolling, include traffic management, predictive analytics, real-time passenger information and revenue management. Up to 50 jobs will be created to service the project, which will be supported by a local Cubic operation providing service to customers and ensuring a close day-to-day partnership with NHDOT.
“The award to Cubic Transportation Systems represents the ‘best-value’ for New Hampshire and our E-ZPass users, as well as a system that is more adaptable and better able to change configurations, when necessary,” said William Cass, the Assistant Commissioner for NHDOT. “The ability to demonstrate clear-cut performance measures and proven customer service experience were also factors that weighted the decision toward Cubic.” “We look forward to establishing a collaborative partnership with NHDOT and are committed to meeting the agency’s goals and priorities, and those of their customers,” said Matthew Cole, president, Cubic Transportation Systems.
“We look forward to establishing a collaborative partnership with NHDOT and are committed to meeting the agency’s goals and priorities, and those of their customers,” said Matthew Cole, president, Cubic Transportation Systems.
“The award of the contract is a significant step towards our NextCity vision of providing payment and information solutions that address multiple modes of transportation. Our delivery will ensure a seamless transition from the current system to the new one, with minimal impact on either operations or the motorists who count on the state’s toll roads in their daily travels.”