Cubic Expands Automated Fare Collection to Vancouver’s HandyDART System

Rhea-AI Summary

Cubic Corporation (NYSE:CUB) is expanding its Compass automated fare collection system to Metro Vancouver's HandyDART, a paratransit service for individuals with disabilities. As of March 2021, installations have begun on three buses. This initiative will allow HandyDART riders to utilize electronic payment options, including contactless cards and mobile payments, enhancing accessibility and reducing cash handling. Following a contract secured in October 2020, Cubic plans to deliver over 1,200 pieces of equipment, with full installations commencing in July 2021.

Positive

• Expansion of Compass system enhances accessibility for paratransit riders.
• Introduction of contactless payment options improves convenience and safety.
• Delivery of over 1,200 pieces of equipment supports operational upgrades.
• Continued collaboration with TransLink strengthens market position.

Negative

• None.

Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems business division is expanding the current Compass automated fare collection (AFC) system to Metro Vancouver’s 347 vehicle paratransit system, HandyDART. As of March 2021, three buses have received installations. HandyDART is a shared ride service for passengers with physical or cognitive disabilities who are unable to use conventional public transit without assistance. Cubic will provide equipment to extend existing forms of payment enjoyed by travelers on the conventional system to HandyDART customers. The expansion will enable electronic validation of Compass card product and include ‘Tap to Pay’ options such as contactless credit cards and mobile phone payments.

“We are honored to expand our partnership with TransLink to broaden the reach of the highly successful Compass fare collection system to the region’s paratransit fleet of vehicles,” said Jeff Lowinger, president of Cubic Transportation Systems. “By expanding to new operators in Vancouver, we are bringing our NextCity™ vision to life by providing a more integrated customer experience and improving operations and analytics for TransLink.”

The project will provide greater convenience and improved accessibility for travelers by offering contactless ways to pay for journeys, while improving safety and security for paratransit riders and operators through reduced cash handling. Additionally, paratransit riders will have one less barrier to TransLink’s conventional fleet of low floor with ramp and high floor with lift vehicles and accessible SkyTrain light rapid transit stations through a common fare payment platform.

“At Cubic, we strive to create convenient and easy-to-use transportation systems that meet the needs of residents and travelers in the cities we serve,” said Matt Newsome, senior vice president and general manager, North America West, Cubic Transportation Systems. “Continuing our collaboration with TransLink allows us to enhance the travel experience for Metro Vancouver paratransit riders by offering more convenient forms of payment aboard HandyDART.”

Cubic was awarded a contract from the South Coast British Columbia Transportation Authority (TransLink) in October 2020 and will deliver over 1,200 pieces of equipment, including mobile validators, driver control units and external modems. As part of the project scope, Cubic will also provide ongoing operations and maintenance support for the equipment. Full installation will begin in July 2021.

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. For more information about Cubic, please visit the company’s website at www.cubic.com or on Twitter @CubicCorp.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210421005365/en/

FAQ

What is Cubic Corporation's recent project in Metro Vancouver?

Cubic Corporation is expanding its Compass automated fare collection system to HandyDART, a paratransit service in Metro Vancouver.

When did Cubic Corporation secure the contract with TransLink?

Cubic Corporation secured the contract with TransLink in October 2020.

What payment options will be available for HandyDART riders?

HandyDART riders will have access to electronic payment options, including contactless credit cards and mobile phone payments.

When will the full installation of the new system begin?

Full installation of the expanded fare collection system is set to begin in July 2021.

How many pieces of equipment will Cubic deliver for this project?

Cubic will deliver over 1,200 pieces of equipment as part of this project.