Pace Suburban Bus contracts Genfare to provide Farebox cash collection systems
Elk Grove Village, Ill. - October 12, 2022 - Genfare, a subsidiary of SPX Technologies and leading provider of fare collection equipment in North America, is pleased to announce a contract award from Pace, the Suburban Bus Division of the Regional Transportation Authority, for their Farebox System Replacement Project.
The Pace fare collection project will be completed in partnership with Lyons View Manufacturing. It will help support more than 160 local Illinois companies with more than 10,000 employees who currently help supply material and services to Genfare. Genfare is proud to continue its partnership with Pace, which began in 1994 when Genfare installed Pace's current farebox system.
"The systematic repair and replacement of transit bus fare boxes throughout all communities are essential to ensure all riders have equitable access to Pace services," said Pace Executive Director Melinda Metzger.
"Genfare is proud to help drive equitable mobility with Pace and provide proven domestically manufactured technology but also strengthen the local Illinois labor community," stated Eric Kaled, Genfare president. "Our cloud-based fare collection platform, Genfare Link, combined with proven domestically manufactured hardware technology, help Pace simplify and positively impact the riders' experience."
Genfare, LLC is a 100% wholly owned subsidiary of SPX Technologies, Inc., a publicly traded company on the NYSE under the ticker symbol SPXC. Genfare is a leading provider of fare-collection solutions in the U.S. and Canada, with systems in operation at approximately 400 agencies and more than 50,000 items of fare-collection equipment in current service. Visit www.genfare.com for more information.
About Pace Suburban Bus
Pace Suburban Bus safely and efficiently moves people to work, school, and other regional destinations with its family of public transportation services. Pace offers affordable and environmentally responsible transit options for the residents of 274 municipalities in Cook, Will, DuPage, Kane, Lake and McHenry counties. The backbone of Chicago's suburbs, Pace serves tens of thousands of daily riders. One of the largest bus services in North America, Pace covers 3,677 square miles, an area nearly the size of the state of Connecticut and about 15 times the size of the City of Chicago. Pace's innovative approach to public transportation gives the agency a national reputation as an industry leader.