Cubic Announces Global Launch of Umo Platforms to Enhance Urban Mobility

Rhea-AI Summary

Cubic Corporation (NYSE:CUB) has launched Umo™, a comprehensive platform aimed at enhancing urban mobility for riders, transit agencies, and service providers. Umo offers seamless fare payment, trip planning, and real-time information across various transportation modes.

The platform includes six distinct solutions: Umo App, Umo Pass, Umo Pay, Umo Rewards, Umo IQ, and Umo MaaS, facilitating a user-friendly experience for urban travelers. Initial rollouts will occur in 15 U.S. markets, with additional features launching throughout 2021.

Positive

• Launch of Umo™ enhances Cubic's product portfolio for urban mobility.
• Umo’s integrated solutions cater to both small and large transit agencies.
• Potential for increased ridership and engagement through Umo Rewards program.

Negative

• None.

Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division launched Umo™, a fully-integrated suite of platforms for riders, transit agencies and mobility service providers to complement its existing portfolio of transportation technology.

Umo is a flexible suite of products that enables riders to conveniently pay fares and plan trips across public and private modes, earn rewards for riding public transit and access real-time information to optimize their mobility experience.

Designed to give riders the ability to travel safely, seamlessly and stress-free around their city or town, Umo simplifies travel by integrating all of a region’s transportation options, from buses, trains, trams and ferries to rideshare, scooters and bikes, in one place. Umo’s scalable platform-based approach is designed to benefit agencies of all sizes from the smallest bus operator to larger towns and cities. Large and mega-cities also benefit with Umo’s suite of platforms complementing their existing fare collection systems with options including enhanced multi-modal journey planning, next generation mobile applications, digital loyalty and rewards, operator intelligence, passenger information and a mobility-as-a-service (MaaS) platform.

“Cities are undergoing a paradigm shift for transportation, with COVID-19 capping a decade in which the transit ecosystem fractured into a complex landscape of new private modes alongside public networks,” said Mick Spiers, general manager of Umo. “With Umo, our vision is to improve quality of life in towns and cities around the world through optimized mobility. Our platform is accessible to all types of travelers and provides the tools people need to travel without congestion, without delays and ultimately, without stress.”

“Umo is a single multi-agency platform. All customers connect and consume the service in a subscription-based model, much the same as you connect to services such as Spotify, Netflix or Office 365,” added Spiers.

“Umo provides our riders with an easy-to-use platform for engagement with public transportation that simultaneously offers accessibility and trip-planning information across private modes,” said Alan Bright, chief financial officer of Shreveport Area Transit System (SporTran). “As cities everywhere look to recover lost transit ridership after a pandemic-induced decline, Cubic’s technologies are critical in helping us do that by delivering an intuitive, streamlined experience.”

Umo: Your Travel Companion

Umo comprises six distinct travel solutions, each one a powerful standalone tool that becomes even more productive when combined with other offerings in the Umo platform. Riders can access Umo products through the convenient and easy-to-use Umo mobile app or contactless bank or metro card. The platform includes:

• Umo App: A colorful, user friendly experience with best-in-class multimodal trip-planning and fare payment capabilities all in one app. Developed in partnership with Moovit.
• Umo Pass: An account-based fare collection platform for transit agencies that reduces the cost burden of traditional fare collection and makes it easier for riders to pay through various touchless options, including both electronic payment and cash-preferred riders.
• Umo Pay: Provides a simplified approach for allowing transit agencies of all sizes to accept contactless scheme cards (Mastercard, Visa and American Express) as payment on buses and at railway gates.
• Umo Rewards: A loyalty program that incentivizes riders to engage with public transit and their communities by rewarding frequent, safe and congestion-reducing travel behaviors. Riders also earn rewards through engagement with sponsored content from Umo partners, which can provide a new revenue stream for transit agencies.
• Umo IQ: Enables transit agencies to monitor and manage their vehicle fleet, and deliver accurate, real-time travel information to riders’ phones and digital displays at transit stops to maximize travel efficiency.
• Umo MaaS: A marketplace that brings together public and private mobility operators and provides connected journey options that are tailored to the preference of the traveler.

Product Rollout 2021

The first Umo products, Umo App and Umo Pass, will be available in 15 markets across the U.S. in the coming weeks. Several agencies, including Shreveport, LA; Skagit County, WA; and Victor Valley, CA go live this week. Contactless readers will be installed on buses and in subway entrances in 16 additional markets—including Raleigh-Durham, NC and Ventura County, CA—in the spring of 2021.

The next products to launch will be Umo IQ, integrated within the Umo App across 100 cities around the world, and Umo Rewards—which will be made available first to existing Umo Pass and IQ customers.

About Cubic Corporation

Cubic is a technology-driven, market-leading 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. Our teams innovate to make a positive difference in people’s lives. We simplify their daily journeys. We promote mission success and safety for those who serve their nation.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210126005853/en/

FAQ

What is Umo launched by Cubic Corporation?

Umo is a fully-integrated platform for urban mobility that provides fare payment, trip planning, and real-time transport information.

Which markets will Umo be available in?

Umo will launch in 15 U.S. markets, including agencies in Shreveport, LA; Skagit County, WA; and Victor Valley, CA.

What are the key features of the Umo platform?

Umo includes solutions such as Umo App, Umo Pass, Umo Pay, Umo Rewards, Umo IQ, and Umo MaaS.

How does Umo benefit transit agencies?

Umo provides tools for optimizing mobility, enhancing fare collection, and increasing rider engagement.

What is the expected rollout timeline for Umo?

The first Umo products will be available in the coming weeks, with further developments scheduled throughout 2021.