Cubic and Rail Delivery Group Win "Excellence in Technology” Award from London Transport Awards

Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division received the "Excellence in Technology” award from the London Transport Awards for its collaboration with the Rail Delivery Group (RDG) to increase the delivery of mobile barcode tickets throughout the U.K. The London Transport Awards recognize excellence in transport and progress on innovative transport initiatives.

"We are very pleased to be awarded the ‘excellence in technology’ honor alongside our partner Rail Delivery Group for barcode ticketing,” said Laurent Eskenazi, acting president of Cubic Transportation Systems. "We believe the barcode program has laid a solid foundation for smart ticketing across the rail network in the U.K. and will enable industry-wide innovation for years to come.”

Cubic and RDG partnered to implement a barcode ticketing program to meet the emerging needs of the digital world with a simple, convenient and mobile solution. Cubic and RDG introduced a rail ticket, in the form of a printable mobile ticket that can also be loaded onto smartcards or mobile phones. Benefits of the smarter system for travelers include easy access to digital tickets on any mobile device, ability to change or replace lost tickets, more personalized travel options and the ability to skip ticket lines.

RDG is responsible for coordinating the project delivery; gating improvements and installations; and enabling retail of barcode tickets to potential routes. Cubic is responsible for supplying and installing barcode readers to gates across the U.K. for comprehensive coverage and providing customers with a convenient and simple purchasing option.

The success of the program will lead to the introduction of over 3,100 handheld scanning devices, meaning that barcode tickets will be accepted on more than 70 percent of routes in the country. Over 700 gates have received upgrades with barcode readers over the past 24 months for nine train operating companies as part of the barcode program.

For more information please follow Cubic Transportation Systems on Twitter @CubicTS.

About Cubic Corporation

Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR, and training customers worldwide to decrease urban congestion and improve the militaries’ effectiveness and operational readiness. Our teams innovate to make a positive difference in people’s lives. We simplify their daily journeys. We promote mission success and safety for those who serve their nation. For more information about Cubic, please visit the company’s website at www.cubic.com or on Twitter @CubicCorp.

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