Cubic Transportation Systems (CTS), a business unit of Cubic Corporation (NYSE: CUB), today announced the opening of its Cubic Innovation Centre in London for the advancement of mobility solutions that address the global transportation needs of the future.
Through the Cubic London Innovation Center, Cubic and its partners will work together to find solutions to challenges that affect the quality of life in metropolitan areas, such as urban growth, congestion of transportation across travel modes – including roads, bikes, walking, rail, metro, bus and ferry – and the interaction between those modes.
“The future of transportation infrastructure hinges on the effective application of technology and practical solutions for mobility issues. We selected London for the Innovation Centre because of the city’s reputation for ground-breaking developments, including work by our customer Transport for London (TfL),” said Matt Cole, president of Cubic Transportation Systems. “Through the Centre’s work, we hope to improve services and reduce costs for more customers while enhancing the traveler experience in line with our NextCity strategy, which integrates payment and information systems across all transportation methods.”
“The innovative use of technology is fundamentally important if we are to meet the transport challenges of the 21st century – particularly on the rail network, said Sir Peter Hendy, chairman of Network Rail and former commissioner of TfL. “I am delighted that Cubic chose London for their Innovation Centre and I look forward to seeing the exciting developments that will emerge through true collaboration.”
The London Innovation Centre will showcase leading-edge technologies from Cubic and its extensive partner network of customers, industry experts and leading universities, which will be evaluated and selected for advancement.
About Cubic Corporation
Cubic Corporation designs, integrates and operates systems, products and services focused in the transportation, defense training and secure communications markets. As the parent company of two major business units, Cubic’s mission is to increase situational awareness and understanding for customers worldwide. Cubic Transportation Systems is a leading integrator of payment and information technology and services to create intelligent travel solutions for public transit authorities and operators. Cubic Global Defense is a leading provider of realistic combat training systems, secure communications and networking and highly specialized support services for military and security forces of the U.S. and allied nations. For more information about Cubic, please visit the company's website at www.cubic.com or on Twitter @CubicCorp.
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