SAN DIEGO, Nov. 22, 2017 /PRNewswire/ -- Cubic
Corporation (NYSE: CUB) today announced that its Cubic
Transportation Systems (CTS) business division was awarded a mobile
ticketing contract for Germany's
Rhein-Sieg area, which includes Cologne, the nation's fourth largest city. The
contract will support the Cologne
transport operator Kölner Verkehrs-Betriebe AG (KVB) and is valued
at €920,000 for five years plus estimated €600,000 from transaction
fees.
Cubic's mobile ticketing app enables customers to easily
purchase tickets and manage their online accounts. The app is
widely used in Frankfurt, Germany,
where it has been in operation since 2010, selling over 10 million
tickets through the mobile app to date.
Cubic's mobile ticketing solution was selected following a
competitive Europe-wide bid which
began in January 2017 by KVB, the
local transport operator for all transport operators within
Rhein-Sieg Transport Authority (VRS). VRS is the transport
authority responsible for the Cologne and Bonn region, servicing a
population of 3.3 million. KVB is the largest transport operator in
the Rhein-Sieg area, with a fleet of 380 light rail vehicles and
trams and over 300 buses and ticket sales of €241m in 2016.
"Cubic is delighted to have been awarded this new mobile
ticketing contract, which follows the region's largest competitive
tender in many years," said Stefan
Jacobs, managing director, CTS Deutschland GmbH. "This
contract expands our presence in Germany beyond Frankfurt and we're thrilled to work with KVB
to deliver a fast, easy-to-use, mobile app-based system for
customers in the Rhein-Sieg area."
"Together with Cubic, we want to take a step further towards a
modern multimodal and digital mobility platform, both in
Cologne and throughout the entire
region. Environmentally friendly mobility should become
increasingly attractive, simple and comfortable for our customers,"
said Peter Hofmann, KVB board
member.
The Cubic mobile ticketing solution and online shop is expected
to be operational in early 2019.
About Cubic Corporation
Cubic is a market-leading, technology provider of integrated
solutions that increase situational understanding for
transportation, defense C4ISR and training customers worldwide to
decrease urban congestion and improve the militaries' effectiveness
and operational readiness. Cubic Transportation Systems is a
leading integrator of payment and information technology and
services to create intelligent travel solutions for transportation
authorities and operators. Cubic Mission Solutions provides
networked Command, Control, Communications,
Computers, Intelligence, Surveillance and Reconnaissance
(C4ISR) capabilities for defense, intelligence, security and
commercial missions. Cubic Global Defense is a leading provider of
live, virtual, constructive and game-based training solutions,
special operations and intelligence for the U.S. and allied forces.
For more information about Cubic, please visit the company's
website at www.cubic.com or on Twitter
@CubicCorp.
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SOURCE Cubic Corporation