Cubic to Leverage Newly Acquired TransLink(R) Assets to Update San Francisco Subway Gating and Ticketing Systems $20 Million Project Partially Paid for With Federal Stimulus Money

(live-PR.com) - SAN DIEGO, CA -- (Marketwire) -- 11/05/09 -- Cubic Transportation Systems, a subsidiary of
Cubic Corporation (NYSE: CUB), has been awarded a contract valued at close
to $20 million to deliver new smart card-capable fare gates and ticket
vending machines (TVMs) in nine subway stations in San Francisco. Cubic
will supply the gates to long-time customer San Francisco Municipal Railway
(Muni), which is partially funding the project with federal stimulus money.
Installation of the new fare collection equipment is planned to start in
late 2010 and will be fully operational by the spring of 2011.





Cubic will install the equipment and software necessary to fully integrate
the Muni stations into the regional TransLink® smart card network managed
by the Metropolitan Transportation Commission (MTC). TransLink allows
riders to use one convenient card to travel on Muni and other public
transportation systems in the Bay Area. Cubic also manages the TransLink
system for MTC.



Cubic installed Muni's existing bus fare collection equipment 18 years ago.
The company has had a presence in the San Francisco Bay Area for many years
and also has a long-term relationship with the Bay Area Rapid Transit
District. Cubic delivered BART's latest fare collection system, which began
accepting the TransLink card in August 2009. Cubic is also delivering a new
TransLink-capable back office system and upgrading the ticketing system on
Muni's buses.



"This project is a great example of the use of federal stimulus dollars to
create jobs and bring state-of-the-art technology to San Francisco," Mayor
Gavin Newsom said in a Muni news release. "We need to re-invest in the
infrastructure of the Muni system to fulfill the promise of our Transit
First city."



"These new fare gates and TVMs will provide a tremendous benefit to our
customers," said Nathaniel P. Ford Sr., Executive Director/CEO of San
Francisco Municipal Transportation Agency, which operates Muni. "The new
equipment will also help us increase the use of TransLink® on the Muni
system, which will make it easier for everyone to take transit in the Bay
Area."



Cubic® Transportation Systems, Inc., one of two major segments of Cubic
Corporation, is the world's leading turnkey solution provider of automated
fare collection systems for public transport including bus, bus rapid
transit, light rail, commuter rail, heavy rail, ferry and parking. Cubic's
solutions and services include system design, central computer systems,
equipment design and manufacturing, device-level software, integration,
test, installation, warranty, maintenance, computer hosting services, call
centre services, card management and distribution services, financial
clearing and settlement, multi-application support and outsourcing
services.



Every year, nearly 10 billion rides are taken worldwide using Cubic fare
collection systems. Cubic has delivered over 400 projects in 40 major
markets on five continents. Active projects include London; New York / New
Jersey region; Washington, D.C. / Baltimore / Virginia region; Los Angeles
region; San Diego region; San Francisco; Minneapolis/St. Paul; Chicago;
Atlanta; Miami; Vancouver and Edmonton, Canada; Brisbane, Australia; and
Scandinavia.



Cubic Corporation's defense segment is a world leader in realistic combat
training systems, mission support services and defense electronics. For
more information about Cubic, see the company's website at www.cubic.com : www.cubic.com .




Contact:
Jan Stevens
858-505-2174
jan.stevens@cubic.com : jan.stevens@cubic.com