Cubic Smart Card System in San Diego County Gaining Momentum
Expanded Sales, Distribution Channels Available for Compass Cardholders

SAN DIEGO, Calif. - March 29, 2010 - The greater convenience, flexibility and security provided by the Compass Card are catching on with public transit riders in the San Diego region, where Cubic Transportation Systems, Inc., the transportation business unit of Cubic Corporation (NYSE: CUB), has delivered the new regional smart card system.

Almost two-thirds of San Diego County’s 90,000 active pass users have converted to the Compass Card since the San Diego Association of Governments (SANDAG) introduced it last May. Compass will be rolled out to the last of the region’s pass holders in April, with full deployment expected a month later. SANDAG handles transportation planning, transit construction, and other infrastructure projects in the San Diego region. More than 290,000 customers ride public transportation in the county each day.

The Compass Card is a reusable, reloadable transit pass that is replacing traditional paper passes. Riders “tap” their cards on electronic validators as they board buses and at Trolley and train stations to access transit. Cubic’s open platform Nextfare system captures Compass Card usage by station providing better ridership data for service planners. Nextfare also integrates fare product sales devices, station validators and other revenue collection devices providing streamlined reporting and management. Nextfare has been delivered to a number of major cities around the world.

Other features have recently been introduced to the Compass Card system, giving riders more options and convenience for buying and reloading their smart cards. Cubic’s Nextfare Internet module for sales and distribution makes it possible for a Compass Card user to log on to www.511sd.com and purchase monthly passes. The accountholder automatically adds the pass to the card by tapping at any fare device the next time the customer rides transit. Customers also have the option of registering for automatic reload. The system links a customer’s Compass Card to a credit card, automatically reloading the card with a monthly pass at a predetermined time.

“It’s quick, it’s simple and I don’t have to think about whether my monthly pass has expired,” said Chris Graves, a business executive who rides the Express Bus from Poway to downtown San Diego. “I just touch and go.”

Compass Card monthly passes also can be purchased or reloaded at sales terminals available at all 56 Vons grocery stores in San Diego County, as well as transit stores and other locations.

“We plan to add more fare products such as stored value and day passes in the coming months,” said James Dreisbach-Towle, program manager for SANDAG. “We are pleased with the ability the system gives us to better manage transit ridership data and adjust services to meet customer needs.”

Cubic Transportation Systems, Inc. is part of Cubic Corporation. Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services.

Cubic Transportation Systems 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 Bay Area; Minneapolis/St. Paul; Chicago; Atlanta; Miami; Vancouver and Edmonton, Canada; Brisbane, Australia; Scandinavia, Germany and India.