ERG for the holders

ERG announces successful rollout of smart card ticketing system
Source: PERTH, May 2 AAP
Published: Thursday May 2 2002, 1:15 PM

Smart card company ERG Ltd today said the rollout of its integrated smart card ticketing system on Singapore's public transport network has been successful.

The smart card ticketing system began public operations on April 13, 2002 following a successful three-month trial, and is currently processing more than one million transactions a day

"The system has been enthusiastically adopted by Singaporeans, with around 30,000 new cards being issued daily," ERG said.

The Perth-based company said the system is expected to process around four million transactions each day by end of the year.

ERG was awarded the contract by the Land Transport Authority (LTA) of Singapore in April 1999 to design and develop an integrated smart card ticketing system on five public transport operators.

The LTA also awarded ERG a three-year maintenance contract worth S$15 million (A$16 million) to support the new system.

ERG's managing director Asia Pacific, Rob Noble, said the successful rollout of Singapore means the company's MASS technology now processes transit transactions in two of Asia's major cities Singapore and Hong Kong.

ERG shares were 0.5 of a cent firmer at 23.5 cents