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| Subject: USA Regional Fare Collection Contract in SeattleCentral Puget Sound Region of Washington State | |
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Author: Date Of Media Release 29/10/2001 |
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Date Posted: 15:53:55 01/18/03 Sat Date Of Media Release 29/10/2001 Title ERG Selected for Exclusive Negotiations for USA Regional Fare Collection Contract in Seattle Contact Shaun Duffy – General Manager Investor Relations Phone +61 8 9273 1879 Fax +61 8 9273 1208 Email sduffy@erggroup.com Division ERG Group -------------------------------------------------------------------------------- ERG Selected for Exclusive Negotiations for USA Regional Fare Collection Contract in Seattle ERG is to provide a “seamless” smart card fare collection system initially to five, with an option to expand to seven, public transport agencies responsible for the region’s 2,000 buses and the commuter rail network and ferry systems. The project will use ERG’s highly successful MASS (multi-application smart card solution) technology to manage the integrated fare collection system. The contract being negotiated with ERG also includes the provision of card management and settlement services for ten years. The seven public transport agencies deliver services to approximately 3.1 million residents in the four-county Central Puget Sound Region of Washington State, providing 130 million passenger trips per year and collecting more than US$160 million in annual passenger revenue. Additional functions such as toll collection, banking and electronic purse can be added to the smart card at a later stage. The contract is expected to be signed in early 2002, with the first phase of implementation commencing in 2003. Once the system is fully implemented, it is anticipated that between 500,000 and 1 million smart cards will be issued. ERG’s Chief Executive, Mr Peter Fogarty, said that ERG is very pleased to have reached this point in the procurement process for this major US contract. “This is an important milestone for us because it provides further proof that ERG’s smart card technology has worldwide recognition as being the best in its field. “This project in Seattle will enable us to leverage our existing San Francisco service bureau, which we set up to support our smart card fare collection project in the Bay Area. The central service bureau we have established in San Francisco will become the first in the world to process transactions for multiple cities. “The addition of the Central Puget Sound project to our San Francisco and Ventura County (Los Angeles) projects will augment ERG’s growing presence in the US market.” Services to be provided by ERG over the ten year operating contract include maintenance, cardholder support (call centre), card procurement and distribution, clearing house services, financial management, network management and revalue network support services. Cardholders will have a variety of means to purchase and load value on their cards, including both agency and third party retail outlets (such as convenience stores), by mail or over the telephone, at ticket vending machines and through the Internet. The convenience of “Autopay” will also be provided, whereby cards can be automatically revalued through a pre-authorised charge to a credit card or bank account, without any need for the cardholder to visit a revalue location. –END– BACKGROUND INFORMATION ERG Group ERG Group is a world leader in the development and supply of integrated fare management and software systems for the transit industry and technologically advanced smart card systems and services. In 2000/2001, ERG’s revenue totalled A$299.9 million. ERG has achieved a compound annual sales growth rate of 32 per cent for the past ten years and has established market leadership for its integrated multi-application smart card management technology. ERG is an Australian-based company listed on the Australian Stock Exchange and is ranked in the Standard & Poor’s–Australian Stock Exchange Top 100 index. The Participating Transport Agencies Community Transit, Everett Transit, King County Metro, Pierce Transit, and Sound Transit with Kitsap Transit and Washington State Ferries having the option to join later. -------------------------------------------------------------------------------- [ English ] -------------------------------------------------------------------------------- Search for Archived Media Releases: [ Next Thread | Previous Thread | Next Message | Previous Message ] |