eAccess LLC to Supply Smart Cards to PATH

SAN DIEGO, Calif. – July 28, 2010 - eAccess LLC, a Cubic Corporation (NYSE: CUB) subsidiary that supplies smart card products, RFID solutions and services, will deliver 1 million smart cards to the Port Authority of New York and New Jersey (PATH) under a new three-year-contract.

eAccess will deliver a substantial quantity of Limited Use Contactless Smart Cards later this summer. The cards will be packaged with a secure RFID shield for convenient storage and retail handling, and will be sold through retail kiosks at various PATH stations.

“The eAccess Limited Use smart card allows transit riders who have been using paper magnetic tickets to switch to cutting-edge contactless technology,” said Paul Orloff, director of marketing for eAccess for the Eastern region. “This will ensure a consistent and efficient experience for transit patrons by reducing the time they spend at fare gates. Our cards use the most advanced, proven technology available, and complement the successful SmartLinkSM contactless full-featured smart card already used by many transit riders in the New York/New Jersey area.”

The new cards meet the ANSI 410 standard adopted by the American National Standards Institute, as well as ISO/IEC 14443 compliance. ANSI 410 has accelerated the use of Limited Use cards among public transit agencies and systems integrators. There are well over 650 million Limited Use smart cards being issued by transit agencies around the world. eAccess’ advanced production techniques allow standard-format cards to be manufactured on a quick-turn basis at prices comparable to the magnetic-stripe tickets. Many agencies use them for single-trip, multiple-trip, daily, weekly and monthly passes.

PATH is a new customer for eAccess, but a long-term existing customer for its parent company, Cubic Corporation. Other U.S. cities that have used eAccess smart card products include Los Angeles, Washington, D.C., Miami and Minneapolis, as well as many international customers.

“eAccess is pleased to have the opportunity to showcase our strong smart card and RFID experience in the heavily transit-populated Eastern corridor,” Orloff said. “eAccess provides an array of RFID products and services, including building access and security ID consulting services, along with smart card design production, supply and services.”

eAccess 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, cyber technologies, asset tracking solutions, 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 provider of automated fare collection systems and services for public transit authorities. For more information about Cubic, see the company's Web site at www.cubic.com.