Press Release



	Cubic Awarded Contract to Upgrade UK's Northern Rail Ticket Issuing System FasTIS System Design Offers Streamlined Transactions at Point of Sale San Diego, CALIF. AND LONDON, ENGLAND, June 20, 2006 — Cubic Transportation Systems Limited, a subsidiary of San Diego, California-based Cubic Corporation (AMEX:CUB), has received a contract from Northern Rail Ltd., UK, for more than £2.3 million (U.S. $4 million) for the supply, installation and maintenance of its next-generation ticket issuing system. The largest train operating company of the privatized rail network, Northern Rail operates services across all of northern England. The new system, known as FasTIS, will replace Northern Rail's APTIS system, also a Cubic system, which has been the workhorse for the rail industry in the UK for almost 20 years. Northern Rail will install and integrate 236 new FasTIS units at its 153 staffed stations as well as at its two training academies. "The award of this contract is an important development as it furthers Cubic's leading position in the UK ticketing business," said Nigel Bryant, Cubic's Managing Director in the UK. Designed to provide a state-of-the-art ticket issuing system for use in rail booking offices, FasTIS provides streamlined ticket issuing while reducing wait times and long passenger lines at the point of sale. The user-friently interface and ease of operation are central features of the new system which helps operators improve productivity and reduce rail retail costs.. FasTIS was also designed for use with Cubic's contactless reader module used in London's Oyster® ticketing system, which allows it to be interoperable with the Oyster card. Cubic developed and delivered the Oyster card system for Transport for London's Underground and buses. The Cubic Transportation Systems, Inc. is the world's leading full-service systems 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, back office computer systems, support equipment, equipment design and manufacturing, device-level software, integration, test, installation, warranty, maintenance, computer hosting services, call center 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 collectioin 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, Vancourver and Edmonton, Canada, Brisbane, Australia, Singapore, Bangkok, Thailand, China and Scandinavia.

Cubic Awarded Contract to Upgrade UK's Northern Rail Ticket Issuing System
FasTIS System Design Offers Streamlined
Transactions at Point of Sale

San Diego, CALIF. AND LONDON, ENGLAND, June 20, 2006 — Cubic Transportation Systems Limited, a subsidiary of San Diego, California-based Cubic Corporation (AMEX:CUB), has received a contract from Northern Rail Ltd., UK, for more than £2.3 million (U.S. $4 million) for the supply, installation and maintenance of its next-generation ticket issuing system. The largest train operating company of the privatized rail network, Northern Rail operates services across all of northern England.

The new system, known as FasTIS, will replace Northern Rail's APTIS system, also a Cubic system, which has been the workhorse for the rail industry in the UK for almost 20 years. Northern Rail will install and integrate 236 new FasTIS units at its 153 staffed stations as well as at its two training academies.

"The award of this contract is an important development as it furthers Cubic's leading position in the UK ticketing business," said Nigel Bryant, Cubic's Managing Director in the UK.

Designed to provide a state-of-the-art ticket issuing system for use in rail booking offices, FasTIS provides streamlined ticket issuing while reducing wait times and long passenger lines at the point of sale. The user-friently interface and ease of operation are central features of the new system which helps operators improve productivity and reduce rail retail costs..

FasTIS was also designed for use with Cubic's contactless reader module used in London's Oyster® ticketing system, which allows it to be interoperable with the Oyster card. Cubic developed and delivered the Oyster card system for Transport for London's Underground and buses.

The Cubic Transportation Systems, Inc. is the world's leading full-service systems 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, back office computer systems, support equipment, equipment design and manufacturing, device-level software, integration, test, installation, warranty, maintenance, computer hosting services, call center 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 collectioin 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, Vancourver and Edmonton, Canada, Brisbane, Australia, Singapore, Bangkok, Thailand, China and Scandinavia.