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| Subject: On San Francisco it began on the 1st of February 2002it had only received 4 months of revenue | |
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Author: MOT ERG San FranERG LIMITED 2002-02-04 ASX-SIGNAL-G |
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Date Posted: 10:07:48 01/14/03 Tue On San Francisco it began on the 1st of February 2002-----when ERG last reported for financial period June 30th 2001 to June 30 2002---it had only received 4 months of revenue---the next time the entity reports it will receive 6 months of revenue. ------------------------------------------------------------ http://www.mtc.ca.gov/projects/translink/translnk.htm ------------------------------------------------------------ Your Participation Matters! Would you like to be one of the very first people to help test TransLink®, the Bay Area's one-card system for public transit? TransLink® lets you use a single "smart card" to pay for rides on several different forms of Bay Area public transit. We're inviting a group of important customers to try TransLink® for the next 6 months and let us know what they think. If you are a regular public transit rider and you are interested in trying TransLink®, call the TransLink® Customer Service Center toll-free at 1-877-878-8883; TTY/TDD 1-800-735-2929; or send an e-mail to custserv@translink.org. During the Pilot Program, TransLink® can be used on select AC Transit, BART, Caltrain, Golden Gate Bus and Ferry Transit, Muni, and Santa Clara VTA routes or stations. Visit www.translink.org for more information. ------------------------------------------------------------ About TransLink® ------------------------------------------------------------  ------------------------------------------------------------ TransLink®, a regional transit fare payment system using 'smart card' technology, began operating as a demonstration project in the San Francisco Bay Area in late-2001. The nine-county Bay Area will be first in the U.S. to have a single card that can be used on all forms of public transit in the region: buses, trains and ferries. For more information, visit www.translink.org. ------------------------------------------------------------ About TransLink® ------------------------------------------------------------ On February 1, 2002, the Metropolitan Transportation Commission (MTC) and six San Francisco Bay Area transit agencies introduced the TransLink® regional fare payment system. With TransLink® , customers use a single smart card, which is about the size of a credit card, to ride Bay Area buses, trains, light rail lines, and ferries. The nine-county Bay Area is the first region in the U.S. to have a single card that can be used on all forms of public transit. ------------------------------------------------------------ http://stocknessmonster.com/news-item?S=ERG&E=ASX&N=210542 ------------------------------------------------------------ ERG LIMITED 2002-02-04 ASX-SIGNAL-G HOMEX - Perth +++++++++++++++++++++++++ We enclose a copy of a press release recently issued by our customer in San Francisco. The press release confirms that the Pilot System of the TransLink(R) electronic fare payment system commenced operation on 1 February 2002. The system incorporates ERG technology throughout and has been implemented by ERGon behalf of Motorola and ERG. The customer, the Metropolitan Transportation Commission (MTC) of San Francisco, issued the final Revenue Ready Certificate to ERG during January. As a result, operating payments for the system are now flowing to ERG. Following the pilot period, the MTC and the transit agencies plan to install the system across the whole Bay Area covering approximately 1.6 million users per day. C Barrett-Lennard COMPANY SECRETARY --------------------------------------------------------------------- TRANSLINK(R) UNIVERSAL FARE SYSTEM READY FOR PUBLIC DEBUT 01/30/2002 --------------------------------------------------------------------- MTC PUTS SMART CARDS INTO 4,300 VOLUNTEERS' HANDS -------------------------------------------------------------------- Thousands of Bay Area commuters now have a new card to carry in their wallets or purses -- the TransLink(R) universal transit-fare card. On Friday, February 1, the Metropolitan Transportation Commission and a half-dozen transit operators will kick off Phase 1 of a six-month pilot program of the TransLink(R) electronic fare payment system. --------------------------------------------------------------------- During the public demonstration phase, TransLink(R) cards will be tested on selected routes and at certain stations of six of the region's largest transit agencies: AC Transit, BART, Caltrain, Golden Gate Transit, San Francisco Muni, and Santa Clara Valley Transportation Authority. In preparation for the public launch, MTC and the TransLink(R) Customer Service Center earlier this week mailed out TransLink(R) cards to approximately 4,300 program volunteers. Every card has $3 loaded in TransLink(R) Electronic Cash (e-cash). --------------------------------------------------------------------- "Ambassadors" from MTC and the participating transit agencies will be stationed at key transit locations around the region during the first business days of the pilot program. The ambassadors will be available to answer questions from customers as needed, troubleshoot problems that might arise, and distribute information about the TransLink(R) program. --------------------------------------------------------------------- Announced at a late 2001 ceremony keynoted by Federal Transit Administration chief Jennifer Dorn, the public pilot program is a major milestone for TransLink(R) and a significant step forward in the effort to create a seamless regional transit network. We're excited that so many Bay Area transit riders will have a chance to experience for themselves the hassle-free fare payment that TransLink(R) makes possible," said TransLink(R) project director Russell Driver of MTC. --------------------------------------------------------------------- The six transit systems participating in the TransLink(R) pilot program offer a sampling of the Bay Area's diverse modal mix, everything from ferries to streetcars to buses to commuter rail. All together, 18 rail stations, 31 bus lines, three ferry terminals, and two light-rail lines have been outfitted with specialized TransLink(R) card-reader equipment. The 4,300 volunteers who have received the cards were recruited because they routinely travel on these TransLink(R) equipped routes. --------------------------------------------------------------------- The TransLink(R) system uses "smart card" technology. Transit riders will use a plastic card embedded with a computer chip that they load with a dollar value, stored rides or monthly passes. They then need only tag the credit-card-sized card -- without even having to remove it from their wallets or purses - at an electronic reader device located on transit vehicles, in stations or at fare gates, and the correct fare value will be deducted automatically from the card. TransLink(R) will factor in a host of variables when calculating fares, including different fare structures for every transit operator, transfers, routes, lengths of trips, time of day and discounts for youth, elderly and disabled riders. --------------------------------------------------------------------- To get ready for the public test, several hundred transit agency employees have been testing the TransLink(R) card during their regular commutes to and from work in recent months. This smaller-scale "pre-test" gave participating transit agencies and the TransLink(R) project staff a chance to get some hands-on experience in operating the new fare-collectionsystem before it goes live for the public volunteers this week. ---------------------------------------------------------------------- "This is still a pilot project," explained Driver, "The volunteers may occasionally find that some of the equipment is not working correctly, so we're advising them to always be prepared to pay with cash or a ticket or pass." Information sent to the pilot program volunteers includes tips for using the TransLink(R) on each of the six participating transit agencies. --------------------------------------------------------------------- Participants in the TransLink(R) pilot programcan load value onto their fare cards at self-serve Add Value Machines in transit stations and some 40 retail locations throughout the Bay Area (including select Albertson's, ACE Cash Express, Check Center and News Spot locations), or by calling the TransLink(R) Customer Service Center. Add Value Machines accept cash, debit cards, and Visa, MasterCard and Discover credit cards. TransLink(R) users can reload value automatically by subscribing to the TransLink(R) Autoload Program. --------------------------------------------------------------------- After the success of the pilot program is determined, MTC and the participating agencies plan to install TransLink(R) equipment on all 21 Bay Area transit systems, which together carry in excess of 1.6 million riders a day. ---------------------------------------------------------------------- MTC has contracted with Motorola, Inc and ERG Limited to implement and operate the TransLink(R) fare-collection system, MTC is the transportation planning, coordinating and financing agency for the nine-county Bay Area. ---------------------------------------------------------------------- /NOTE TO EDITORS: For more information about the TransLink(R) program, visit the TransLink(R) Web page at www.translink.org/ ---------------------------------------------------------------------- /CONTACT: Russell Driver, +1-510-817-3252, or mobile, +1-415-420-5727, or John Goodwin, +1-510-464-7862, both of Metropolitan Transportation Commission. ---------------------------------------------------------------------- http://www.translink.org/faq.html When Will TransLink® Be Available at Additional Locations ? The Metropolitan Transportation Commission (MTC) and Bay Area transit operators expect to begin the expansion of TransLink® in late-2003 ---------------------------------------------- http://www.egoli.com.au/newsandviews/archives/6386.html ERG's smart result: profit up 199% February 28, 2000 Smartcard operator ERG today reported a massive increase in profits, up 199%, on revenue growth of 106%. Earnings per share increased to 7.1c, up from 2.4c last year, an increase of 195%. Sales were $173m, with profit of $15.036m. Directors announced no interim dividend would be paid, but believed a final dividend was likely. The company said the strong result arose from increased business in the United Kingdom and Berlin, with some additional contracts elsewhere from existing customers world wide. ERG also revealed it had exercised its 1999 option for the rights to purchase the Proton rights for the UK and Italy. The Proton technology would be used in mass transit in Rome and the region of Lazio. ERG also released the latest version of its mutli application smartcard today, which will be used with the ERG Motorola alliance in San Fransisco and Singapore. ERG's shares responded warmly to the news today, touching $12.55 before closing at $12.41. [ Next Thread | Previous Thread | Next Message | Previous Message ] |