Partnership will reinforce Cubic’s NextCity transport payment and data analytics innovations
SAN DIEGO, Calif., Jan. 21, 2015 – Cubic Transportation Systems, Inc., a business segment of Cubic Corporation (NYSE:CUB) and a leading integrator of payment and information technology and services for intelligent travel solutions, announced that it has joined the Smart Cities Council as a global lead partner. Smart Cities Council is a coalition of industry thought leaders, innovators and practitioners dedicated to improving the livability, workability and sustainability of the world’s cities.
Smart Cities Council founding chairman Jesse Berst said, “With more than 40 years of experience in transportation, Cubic has the expertise, innovation and imagination to provide the tools cities need to improve travel –a core engine of smart cities. Mobility and congestion are challenges which every city faces and more of them are turning to technology to provide better, faster and cheaper ways go get around.”
A booming global population puts pressure on cities facing the inevitable question of how to manage personal travel within geographic and infrastructure constraints. Cubic enables greater integration across all modes of travel by leveraging data to generate predictive, personalized and actionable information for the traveler, as well as planning and response analytics for agencies and operators.
“Integrated information and payment systems in transportation can be a foundation for ‘smart cities’ and these are two key areas where we can extract important data to help cities and private operators plan their transportation services. This technology is at the heart of NextCity – Cubic’s strategy for regional mobility,” said Matt Cole, executive vice president of Strategy, Business Development and Diversification, Cubic Transportation Systems.
“We also provide big data tools and deep analytics techniques for customer enterprise sources through our Urban Insights subsidiary, helping transportation operators solve operational issues and bring greater efficiencies and cost savings to their systems.”
Cubic’s legacy as the leading provider of fare collection and revenue management systems for public transport has put the company at the center of rail, bus and other public transport operations in many of the world’s largest cities including New York, London, Chicago, Washington, D.C., Sydney, Los Angeles, and San Francisco.
The Smart Cities Council Global Lead Partners include more than 20 innovative startups and large multinational companies that share the mission to move to smart, sustainable cities. These partners include Allied Telesis, Alstom Grid, Bechtel, Cisco, Electricite de France, Enel, GE, IBM, Itron, Inc., MasterCard, Mercedez-Benz, Microsoft, Ooredoo, Qualcomm and S&C Electric Co.
About Cubic Transportation Systems
Cubic® Transportation Systems, Inc., is part of Cubic Corporation. Cubic Corporation is the parent company of three major business segments. Cubic Defense Systems is a leading provider of realistic combat training systems and secure communications systems. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for U.S. and allied nations.
Cubic® Transportation Systems, Inc., is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic delivers integrated systems for transportation and traffic management, delivering tools for travelers to choose the smartest and easiest way to travel and pay for their journeys, and enabling transportation authorities and agencies to manage demand across the entire transportation network – all in real-time. Cubic specializes in design, development, manufacture, supply, installation, integration, services and information. Services provided by Cubic include on-site management, central systems, operations support, patron support, business support and field services.
Every year, more than 24 billion transportation payment transactions are processed using Cubic payment and information systems worldwide. Cubic has delivered over 20 regional back office operations which together integrate over 450 transport operators and serve over 38 million people every day in major markets around the world. Active projects include London; Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C. /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Chicago; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; Germany; and Scandinavia.
For more information about Cubic, see the company’s website at http://www.cubic.com/.
About the Smart Cities Council
The Smart Cities Council is the trusted advisor to equip cities with tools and knowledge to cope with expanding populations, shrinking budgets and aging infrastructure. It is comprised of the world's foremost smart city practitioners advised by unbiased, independent experts, including top universities, national laboratories, standards bodies, climate advocacy groups and development banks. The Council's goal is to accelerate the growth of smart cities worldwide by providing city leaders with best practices and vendor-neutral guidance on technology, finance, policy and, citizen engagement. For more information, visit www.smartcitiescouncil.com or view a brief introductory video about the Smart Cities Council.
Media contacts for Cubic:
Debra Montner
Montner & Associates
PH: 203-226-9290 ext. 112
Cell: 203-984-7861
dmontner@montner.com
Suzanne Hatcher
Corporate Communications
Cubic Corporation
PH: 858-505-2430
Cell: 858-774-4736
suzanne.hatcher@cubic.com
Media Contacts for Smart Cities Council:
Sarah Blanchard
Communications Director, Smart Cities Council
PH: 206.412.0947
sarah.blanchard@smartcitiescouncil.com