SAN DIEGO, Calif., October 26, 2012–As the Bay Area Rapid Transit District (BART) takes its first step to expand train service into Silicon Valley, it is also bringing its regionally interoperable Clipper® Card payment system to its new customers. Cubic Transportation Systems, Inc. has received a $10 million contract to deliver the fare collection system to Warm Springs/South Fremont and integrate it into the Clipper system. The Warm Springs Extension, scheduled to open in 2015, will add 5.4 miles of new track from the existing Fremont Station south to the Warm Springs District in Fremont.

“We are pleased to be part of a project that is so important to BART. This continues our relationship of providing fare collection technology to a longstanding customer, as well as furthering the reach of the Clipper system which has organized the region onto a single smart card across multiple agencies and multiple transit modes,” said Richard Wunderle, senior vice president and general manager, North America, for Cubic Transportation Systems.

Warm Springs Constructors, the consortium that is building the BART Warm Springs Track Extension Project, awarded the contract to Cubic Transportation Systems, a business unit of Cubic Corporation (NYSE:CUB) and a leading integrator of payment and information technology and services for intelligent travel solutions.

Cubic has delivered systems and services to BART since the company’s first contract in 1974. In 1999, Cubic received a contract for the replacement of the agency’s previous fare collection system and Cubic’s expansion of its new system to the then-new San Francisco Airport extension. In 2009, Cubic took over the Clipper Card contract to integrate and complete the project across the original partner agencies that had joined the system. Cubic is continuing to expand the system under its contract with the Metropolitan Transit Commission, the regional transportation authority.

Cubic® Transportation Systems, Inc., is part of Cubic Corporation (NYSE:CUB). 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 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 solutions that help transport operators manage their operations and services and give passengers choices in the smartest and easiest ways to pay their fares. 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, nearly 10 billion rides are taken worldwide using Cubic payment and information systems. Cubic has delivered over 400 projects in 40 major markets on five continents. 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.