PATCO Open Payment Program Continues to Yield Valuable Information for the Future of Transit Payment Systems

CAMDEN, NJ, July 10, 2012–The open payment program between PATCO (Port Authority Transit Corporation) and Cubic Transportation Systems, Inc., expands today with the acceptance of American Express contactless payment cards at all PATCO gates and parking terminals. Now, riders will be able to use American Express contactless payment cards, as well as cards from other major payment networks to make secure transit payments at PATCO.

Cubic officials said that while the expansion of the PATCO open payment program will result in riders carrying fewer plastic payment cards in their purses and wallets and will move riders through PATCO’s stations faster than ever, there is another benefit to the program.

“The expansion of the PATCO program is enabling Cubic to gain tremendous technical information on deploying and operating contactless payment systems in other transit systems,” said Steve Shewmaker, president, Cubic Transportation Systems Worldwide. “The people of New Jersey and Pennsylvania who ride PATCO are helping to design the transit payments systems of the future.”

“American Express is committed to enabling the next generation of payments for our merchants and Cardmembers,” says Patricia Partelow, vice president, New Product Development for American Express’ Global Network Business. “Contactless transit payments are gaining momentum, and we are excited to partner with PATCO and Cubic on their contactless transit program. American Express Cardmembers with contactless cards will benefit from this new technology that enables faster and more convenient payments at PATCO gates and parking terminals.”

“PATCO continues to be impressed by the hard work and technical know-how that Cubic is bringing to our system,” said Delaware River Port Authority (DRPA) CEO and PATCO President John J. Matheussen. “We’re proud to know that information gathered here will be used to improve the transit station experience of riders all over the world in the coming years.”

To follow the latest news and participate in the discussion, follow the open payment program on Twitter@waveNpayPATCO and Facebook.com/waveNpay.

About Cubic Transportation Systems

Cubic® Transportation Systems, Inc., is part of Cubic Corporation. Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services.

Cubic® Transportation Systems, Inc., is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic delivers integrated solutions that help transport operators manage their operations and services and give passengers choices in the smartest and easiest ways to pay their fares. 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, nearly 10 billion rides are taken worldwide using Cubic payment and information systems. Cubic has delivered over 400 projects in 40 major markets on five continents. 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; and Scandinavia.

Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services.

For more information about Cubic, see the company’s Web site at http://www.cubic.com.

About PATCO and the Delaware River Port Authority

The Delaware River Port Authority is a regional transportation agency. DRPA owns and operates the Benjamin Franklin, Walt Whitman, Commodore Barry and Betsy Ross Bridges, and PATCO. The DRPA also owns the RiverLink Ferry.