Press Release



	Cubic Receives Award from American Public Transportation Association for Contributions to Smart Card Standards Development SAN DIEGO, Calif., November 22, 2005– Cubic Corporation (AMEX:CUB) announced that it's transportation subsidiary received an award from the American Public Transportation Association (APTA) for the company's contributions to development of Universal Transit Farecard Standards & Guidelines for transit fare collection systems by their participation in Work Packages 1, 3 & 4. The award was handed out during the 2005 APTA Annual Meeting & Expo in Dallas at the end of September.. The award was accepted by Mr. Walt Bonneau, vice president of Transit Technology, on behalf of Cubic. Cubic is a participant on all of APTA's Work Packages, which are subcommittees of APTA's Systems Work Group comprising of participants from industry and transit authorities. Cubic's Brian Monk,Dave Andrews, Pradip Mistry, and Walt Bonneau were singled out for their significant contributions to development of these standards.. Cubic's technical contributions enabled the groups to develop and release to APTA documents containing the necessary guidelines and standards to support an interoperable transit proximity smart card envirnoment, including the communications to and from the smart card reader.. The Port Authority of New York and New Jersey (PANYNJ) began the effort to develop the WP-1 and WP-4 projects, providing specifications necessary for the APTA committee to buiid on. The WP1 interoperable card data format, otherwise known as the Regional Interoperability Specificatin (RIS) Part 3, is currently being used by Cubic Transportations for The Port Authority Trans-Hudson (PATH) and Port Authority Transit Corporation (PATCO) fare collection projects in New York /New Jersey Region Cubic Transportation Systems, Inc. is the world's leading full-service 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 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 collection systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Current projects include Scandinavia, London, New York / New Jersey region, Washington, D.C. / Baltimore / Virginia region, Los Angeles region, San Diego region, San Francisco, Minneapolis/St. Paul, Chicago, Houston, Atlanta, South Florida, Vancouver and Edmonton, Canada, Brisbane, Australia, Singapore, Bangkok, and Thailand. The company's other major business segment, Cubic Defense Applications, is a world leader in realistic combat training systems, mission support services, and defense electronics. Cubic has approximately 6000 employees worldwide. For more information about Cubic, see the company's web site at www.cubic.com.

Cubic Receives Award from American Public Transportation Association for
Contributions to Smart Card Standards Development

SAN DIEGO, Calif., November 22, 2005– Cubic Corporation (AMEX:CUB) announced that it's transportation subsidiary received an award from the American Public Transportation Association (APTA) for the company's contributions to development of Universal Transit Farecard Standards & Guidelines for transit fare collection systems by their participation in Work Packages 1, 3 & 4. The award was handed out during the 2005 APTA Annual Meeting & Expo in Dallas at the end of September..

The award was accepted by Mr. Walt Bonneau, vice president of Transit Technology, on behalf of Cubic. Cubic is a participant on all of APTA's Work Packages, which are subcommittees of APTA's Systems Work Group comprising of participants from industry and transit authorities. Cubic's Brian Monk,Dave Andrews, Pradip Mistry, and Walt Bonneau were singled out for their significant contributions to development of these standards..

Cubic's technical contributions enabled the groups to develop and release to APTA documents containing the necessary guidelines and standards to support an interoperable transit proximity smart card envirnoment, including the communications to and from the smart card reader..

The Port Authority of New York and New Jersey (PANYNJ) began the effort to develop the WP-1 and WP-4 projects, providing specifications necessary for the APTA committee to buiid on.

The WP1 interoperable card data format, otherwise known as the Regional Interoperability Specificatin (RIS) Part 3, is currently being used by Cubic Transportations for The Port Authority Trans-Hudson (PATH) and Port Authority Transit Corporation (PATCO) fare collection projects in New York /New Jersey Region

Cubic Transportation Systems, Inc. is the world's leading full-service 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 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 collection systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Current projects include Scandinavia, London, New York / New Jersey region, Washington, D.C. / Baltimore / Virginia region, Los Angeles region, San Diego region, San Francisco, Minneapolis/St. Paul, Chicago, Houston, Atlanta, South Florida, Vancouver and Edmonton, Canada, Brisbane, Australia, Singapore, Bangkok, and Thailand.

The company's other major business segment, Cubic Defense Applications, is a world leader in realistic combat training systems, mission support services, and defense electronics. Cubic has approximately 6000 employees worldwide. For more information about Cubic, see the company's web site at www.cubic.com.