Cubic Acquires Assets of Advanced Interactive Systems; Increases Company Exposure to Live Fire Simulation and International

Cubic Acquires Assets of Advanced Interactive Systems; Increases Company
Exposure to Live Fire Simulation and International Markets

Cubic Defense Applications, a Defense Systems business unit of Cubic
Corporation (NYSE:CUB), announced today it has acquired certain assets and
foreign subsidiaries of Advanced Interactive Systems (AIS) through a
bankruptcy auction.

SAN DIEGO, Calif., July 2, 2013 (GLOBE NEWSWIRE) -- via PRWEB - Cubic Defense
Applications, a Defense Systems business unit of Cubic Corporation (NYSE:CUB),
announced today it has acquired certain assets and foreign subsidiaries of
Advanced Interactive Systems (AIS) through a bankruptcy auction. AIS is a
leading supplier of live fire specialized range facilities, virtual simulation
products, and engineering design and project management services for
counter-terrorism, law enforcement, and traditional military forces worldwide.

AIS's virtual simulation products, PRISim, addresses basic marksmanship,
judgmental evaluation and "shoot don't shoot" technologies that incorporate a
wide range of customizable virtual simulation scenarios for use in classrooms
or indoor live fire ranges. Additionally, AIS technology includes QuickRange,
a customizable and modular solution for live fire and virtual training ranges.
Internationally, the company's design, construction and support capabilities
are aimed at highly realistic and reusable live-fire law enforcement and
counter-terrorism training.

"This acquisition diversifies our product offering and capitalizes on our
existing international marketing channels," said Dave Schmitz, president of
Cubic Defense Systems, Inc. "AIS's world class products will help Cubic expand
its training footprint to target larger facility projects overseas and expand
our product offerings for U.S. and Federal law enforcement."

The company has operations in the United States, United Kingdom, Singapore and
United Arab Emirates. The company's largest customer base is concentrated in
Asia Pacific and the Middle East.

About 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 to the U.S. and allied nations. 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 http://www.cubic.com.

This article was originally distributed on PRWeb. For the original version
including any supplementary images or video, visit
http://www.prweb.com/releases/2013/7/prweb10892219.htm

CONTACT: Cubic Corporation
         Timothy Hill
         timothy.hill@cubic.com
         858-505-2430
 
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