Cubic and Vancouver’s TransLink Reach Milestone with More Than One Million Compass Cards in Use

Cubic Transportation Systems (CTS), a business unit of Cubic Corporation (NYSE:CUB), today announced that more than one million Compass Cards are now in use for Metro Vancouver’s public transit users since its launch in 2015. Compass Card is the contactless smart card payment system designed and integrated by Cubic for the region’s transportation authority, TransLink. The system is also processing more than 42 million card “taps” each month.

“Compass Card offers an entirely new transit experience for Vancouver customers with its convenient, easy-to-use, safe and secure system,” said Matt Cole, president of Cubic Transportation Systems. “We are excited to achieve this milestone with TransLink of exceeding one million cards in use. This not only demonstrates the success and reliability of Vancouver’s Compass Card payment system, but also the seamless and intermodal payment experience it provides.”

“We’re pleased that our customers have so thoroughly embraced the Compass Card throughout our phased rollout, and that we’ve been able to provide them with a positive customer experience as we made the transition,” said Lloyd Bauer, Vice President of the Compass Project, TransLink. “This achievement shows that this complex system is working successfully and starting to achieve the benefits expected.”

Compass links all of TransLink’s services and fare products in Metro Vancouver to a single payment system, including West Coast Express, SkyTrain, SeaBus and buses – replacing more than 150 different tickets and passes with one easy-to-use, reloadable fare card. Customers also have the option to register their Compass Cards and manage their accounts online, giving them the added convenience of loading their products online, signing up for autoload on their card balance, as well as avoiding the hassle of waiting in line at ticket vending machines.

In addition, Compass is supported by Cubic’s services and operations, which provides the system infrastructure, back office, call center, card fulfillment, distribution and field maintenance services that operate with high reliability.

About Cubic Corporation

Cubic Corporation designs, integrates and operates systems, products and services focused in the transportation, defense training and secure communications markets. Cubic Transportation Systems is a leading integrator of payment and information technology and services to create intelligent travel solutions for transportation authorities and operators. Cubic Global Defense is a leading provider of live, virtual, constructive and game-based training solutions, special operations and intelligence for the U.S. and allied forces. Cubic Mission Solutions provides networked Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) capabilities for defense, intelligence, security and commercial missions.