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SAN DIEGO, Calif. – January 27, 2014 – Cubic Global Tracking Solutions, the asset visibility solutions provider of  Cubic Corporation (NYSE: CUB), and Aegisolve, Inc., a U.S. Federal government-accredited third-party laboratory for testing, validating and gaining security compliance certificates, announced today that Cubic has completed the validation process for FIPS 140-2 (Federal Information Processing Standards) by the National Institute of Standards and Technology (NIST) in the U.S. and by the Communications Security Establishment in Canada (CSEC).

Cubic’s Managed Asset Tag Cryptographic Module and Cubic’s SINK Cryptographic Module received the FIPS 140-2 validation. These modules are the basis for Cubic’s mist® technology that is utilized in Cubic’s mesh asset tags, mobile mesh gateways and fixed mesh gateways. The validation of these two modules helps ensure further confidence of Cubic Global Tracking Solutions capabilities.

"The FIPS 140-2 validation is a critical benchmark for our government customers," said Jim Kilfeather, vice president of Cubic Global Tracking Solutions. "With Aegisolve’s expertise and robust practices, we are thrilled our technology met the data security validation testing criteria. We understand the importance of security and place a high value on making sure our technology protects the integrity of our customer’s data. Our mist® platform not only has unprecedented scalability to tens of thousands of ad-hoc mesh devices on a single network, but also high reliability, guaranteed years of battery life, and now FIPS140-2 security built in."

The FIPS 140-2 is the standard in information technology security for cryptographic modules produced by private sector vendors to have their products validated for use in government departments and regulated industries that collect, store, transfer, share, and disseminate sensitive information. The FIPS 140-2 standard is applicable to all Federal agencies, such as the Department of Defense, that use cryptographic-based security systems to protect sensitive information in computer and telecommunication systems. It is also valued by companies in the healthcare, financial and manufacturing markets and those concerned about cyber security.   “The FIPS 140-2 validation testing process is rigorous,” said Desiree Spann, vice president and director of Quality Assurance, Aegisolve. “Achieving the validation provides assurance of robustness and correct cryptographic implementation for the Cubic Managed Asset Tag Cryptographic Module and Cubic’s SINK Cryptographic module.”

Cubic’s modules have been implemented on Texas Instruments’ (TI) CC2530 system-on-chip (SoC) hardware which supports the IEEE 802.15.4 wireless standard. The cryptographic algorithms are incorporated in Cubic’s mist™ Crypto module, which implements an ultra-low power, robust, mesh radio network targeted for logistics applications. Cubic future plans include validation of these modules on the TI’s CC2538 system-on-chip (SoC).

“Texas Instruments is proud to partner with Cubic to provide a secure wireless solution for logistics management,” said Oyvind Birkenes, general manager, Wireless Connectivity Solutions, Texas Instruments. “Global supply-chain management depends on the Internet and the secure connection of devices to the Internet which makes IEEE 802.15.4 wireless networking an ideal solution.”

About Cubic Corporation

Cubic Corporation is the parent company of three major business segments: Transportation Systems, Defense Systems, and Mission Support Services. Cubic Transportation Systems is a leading integrator of payment and information technology and services for transport authorities. Cubic Defense Systems is a leading provider of realistic combat training systems and secure communications. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for the U.S. and allied nations. For more information about Cubic, see the company's Web site at www.cubic.com.         

About Aegisolve, Inc.

Aegisolve global security laboratory is accredited by the U.S. Federal government National Institute of Standards and Technology (NIST) for Cryptographic Module Testing to FIPS 140-1 and FIPS 140-2, and Security Content Automation Protocol. As a trusted third party, the Aegisolve mission is to develop, augment, utilize and accelerate security analysis and testing processes in ever changing technological landscapes worldwide. http://www.aegisolve.com.