Cubic and Calgary Parking Authority Strike Collaborative Marketing Agreement

Cubic Transportation Systems, a leading integrator of payment and information technology and services for intelligent travel solutions, has signed a letter of intent with the Calgary Parking Authority (CPA) of Calgary, Canada, a leader in the parking management industry, for global collaboration to deliver transit and municipal parking solutions leveraging CPA-developed technology. The agreement is among the first of its kind in the parking industry between the public and private sectors.

The CPA has developed an innovative, customer-focused parking solution called the ParkPlus System (ParkPlus) for on and off-street applications by fusing together smart technologies like license plate recognition, real-time wireless, solar-powered smart pay meters and mobile devices. The integration of these tools has led to more efficient management of parking availability, the introduction of multiple payment methods and easier, more effective implementation of enforcement services.

ParkPlus supports both the customer-facing and enforcement side of parking management by allowing drivers to register their license plates with their payment account or pay at the meter, while streamlining operations to enable enforcement officers to automatically capture violations and issue tickets by recognizing which license plate owners have not paid to park in a specific location.

“We are delighted to establish this marketing relationship with Cubic,” said CPA interim general manager Wes Hogman. “Given an 88 percent parking customer satisfaction with the ParkPlus System, we are excited at the prospect of sharing our technology and experience with municipalities and transit operators across Cubic’s sphere of influence.”

Cubic supplies and often operates large-scale electronic payments and revenue management systems for transit operators in major cities such as Sydney, Edmonton, London, New York, Chicago and Los Angeles. Under this non-exclusive agreement, Cubic will integrate ParkPlus technology with its payment processing facilities. This gives users the benefit of a simpler customer experience with the ability to manage a single transportation account for transit and parking, as well as make parking and transit payments with a common smart card or mobile app. Parking operators and transit authorities will benefit from scale economies in payment processing and support.

The agreement is complementary to one previously announced with video and sensor analytic solutions company SenSen Networks, demonstrating Cubic’s collaborative development model with software, technology and hardware providers. Such agreements enable the integration of systems required for intermodal solutions specific to Cubic’s NextCity initiative.

“This agreement is a significant step forward for Cubic in expanding our NextCity strategy,” said David deKozan, Cubic Transportation Systems vice president, strategic initiatives. “Users already engaged with Cubic smart card and mobile technologies will be able to extend their use as part of a multi-modal integrated experience for trip planning, real-time passenger information, payment for transit and parking, and participation in real-time traveler information and rewards programs”

About Cubic Transportation Systems

Cubic® Transportation Systems, Inc., is part of Cubic Corporation. Cubic Corporation is the parent company of three major business segments. Cubic Defense Systems is a leading provider of realistic combat training systems and secure communications systems. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for U.S. and allied nations.

Cubic® Transportation Systems, Inc., is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic delivers integrated systems for transportation and traffic management, delivering tools for travelers to choose the smartest and easiest way to travel and pay for their journeys, and enabling transportation authorities and agencies to manage demand across the entire transportation network – all in real-time. Cubic specializes in design, development, manufacture, supply, installation, integration, services and information. Services provided by Cubic include on-site management, central systems, operations support, patron support, business support and field services.

Every year, more than 24 billion transportation payment transactions are processed using Cubic payment and information systems worldwide. Cubic has delivered over 20 regional back office operations which together integrate over 450 transport operators and serve over 38 million people every day in major markets around the world. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C. /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; Germany; and Scandinavia.

About Calgary Parking Authority

The Calgary Parking Authority is a proud partner of The City of Calgary and is committed to managing publicly-owned on- and off-street parking facilities on The City’s behalf. In addition, we manage the municipal parking enforcement program and provide parking advisory services.

Every dollar we collect that exceeds our operational costs is returned to The City of Calgary. Last year we returned more than $2M each month to the municipal general revenue program which funds projects such as recreation centres and pathways and provides funding for community services and public safety programs. The CPA operates without using any municipal tax revenues.