, May 15, 2002 -- ERG trade data forum

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Date Posted: 05:27:46 02/25/03 Tue
Author: signed a Letter of Intent,
Subject: , May 15, 2002
In reply to: SAN DIEGO, March 20, 2002 's message, "Cubic Wins E2.2 Million Contract "Gated" Public Transit Fare Collection System" on 05:20:54 02/25/03 Tue

News
Cubic, EDS and Siemens Join Forces to Develop a Smart Card Ticketing System
This page was last updated on Thursday, May 16, 2002

SAN DIEGO, CA, May 15, 2002 - (Business Wire) Cubic Corp., EDS and Siemens announced they have signed a Letter of Intent, agreeing to cooperate closely on the development of a national electronic ticketing system for public transportation in The Netherlands.
This agreement is the first step in building a consortium between the three major companies -- specialists in transportation systems and integrated computer technology solutions -- to bid on a contract which will be issued by Trans Link Systems.

Trans Link Systems, a combination of NS, Connexxion, HTM, GVB and RET, is asking for a proposal for the design, delivery and implementation of a new smart ticketing system for the Netherlands. The objective of Trans Link Systems is to develop and introduce a public transportation ticket that is valid for all transportation modes. It will contribute to the safety on stations, enhance passenger comfort and collect a high amount of anonymous traffic data on a daily basis, allowing public transportation operators to enhance customer service.

"The objective set by Trans Link Systems is a major challenge for all parties involved. In the first place millions of passengers each day must accept the new ticketing system and feel happy with it. Their judgment is of vital importance," said Jaap Bolhuis of Siemens Nederland N.V.

"The consortium partners involved have ample experience with automatic fare collection systems and will be able to satisfy the highest passenger usage requirements. The consortium will marshal the combined knowledge and experience of the three companies. By offering several ticket models we are able to offer the payment models and service levels required by the public transport operators and their passengers," Bolhuis said.

According to Jan Janssen of Cubic Transportation Systems Ltd., "The TransLink initiative means public transportation in The Netherlands will enter into a new era. The Netherlands can profit from Cubic's experience on large-scale projects that have been successfully implemented around the world, including London, New York and Washington, D.C. This consortium has a very strong basis, both at a national and international level."

Detlef Koerger of EDS said, "EDS adds knowledge and experience to the Consortium gathered in the various Dutch projects, like Tripperpas (smart card in Groningen), MobilityMixx (a card-based ticket system for Connexxion), and NS business card (a card-based ticket system for the business traveller), in the tender process. We are committed and highly motivated to make this project a success."

About Cubic

Cubic Transportation Systems is the world's largest supplier of integrated ticketing and automated fare collection systems for mass transit, including magnetic and smart card ticketing. Every year, at least 10 billion passengers on five continents in more than 40 major markets pay for their mass transit rides using Cubic-designed payment systems. Cubic's installations include London, Washington DC, Hong Kong, Chicago, New York, Guangzhou, Shanghai, Atlanta, San Francisco, Sydney, Singapore and Miami, among others.

Cubic's other major segment, produces combat training systems, battle command training, simulations and simulation support for U.S. and allied military forces. The group also produces avionics, data links and communications products for government and commercial customers, and a wide range of technical and logistics services. For more information about Cubic, see the company' Web site at www.cubic.com.

About Siemens Nederland N.V.

Customers come to the Siemens Group in the Netherlands for products, systems and services in almost all fields of electrical engineering and electronics, in the public and private sector as well as among ordinary consumers. In fiscal 2000/2001, the Siemens Group generated sales of EUR 1451 million, with 3680 employees. This is an increase of 10 percent compared to the previous year. New orders rose by 4 percent to EUR 1626 million. Profit was up 44 percent at EUR 66 million. More than half of its sales incorporate added value in the Netherlands. Through so called Centres of Competence, Siemens Netherlands also offers international customers expertise, products and solutions ranging from harbour transhipment systems and industrial combined heat & power plants to simulation techniques or wind farms.

The Siemens Group in the Netherlands is now made up of a number of companies. The majority of its activities take place under the auspices of Siemens Nederland N.V. in The Hague. As a key player in the market, it offers solutions in the following business segments: Energy, Industry, Information & Communications, Transportation, Health Care, Household and Services. The Siemens Group in the Netherlands is part of the multinational Siemens AG, represented in more than 190 countries with a turnover of EUR 87 billion and approximately 450,000 employees. For more information please visit Siemens on the Internet: www.siemens.com or www.siemens.nl.

About EDS

EDS has been an important player in the Dutch market since 1978. Globally EDS is a leading IT-service provider for over 40 years. EDS plays an important role in the transport industry. For instance, the company is the world's largest aviation IT provider and provides rail track automation and other vital services for the Dutch Railways. The company focuses on the areas of management consultancy, electronic commerce, business process management, system management and development, and product life cycle management. The goal of EDS is to use information technology for her customers to improve their business processes and their competitiveness in the digital economy.

EDS and A.T. Kearney (the high-value management consulting subsidiary) are active in 58 countries and are partners to the world's most prominent companies and governments. In the Netherlands, EDS has offices in Capelle a/d IJssel, Leidschendam, Spijkenisse, Maarssen, Utrecht, Arnhem, Sittard and Leeuwarden. Amongst her Dutch customers are AEGON, NS, DSM, NUON, RET and the Directorate-General of Public Works and Water Management (Rijkswaterstaat). For more information please visit EDS on the Internet: www.eds.com or www.eds.nl.

CONTACT: Cubic Corp.
Janet Lande, 858/505-2642
janet.lande@cubic.com
or
Kelly Williams, 858/505-2378
Kelly.Williams@cubic.com

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