Business Wire

Four More Counties in Sweden Join Regional Smart Card Transit Fare Collection System; ``Resekortet'' System Will Connect Rail and Bus Services Throughout Southern Sweden.

Business Wire | February 14, 2006 | Copyright

SAN DIEGO -- Cubic Transportation Systems Limited, a subsidiary of San Diego, Calif.-based Cubic Corporation (AMEX:CUB), has received contracts totaling approximately 73.3 million SEK or US$9 million from four additional counties in Southern Sweden to provide smart card fare collection systems that will link the counties to "Resekortet," the multi-modal smart card-based fare collection system that will connect rail and bus services throughout Southern Sweden.

This expands Cubic's contracts in Sweden to cover five counties, and increases the contract value to $31 million.…

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