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Cubic Receives Most Innovative New Product Award from CONNECT



Cubic Receives Most Innovative New Product Award from CONNECT

Cubic Corporation (NYSE: CUB) announced today that its One Shot technology
received the Most Innovative New Product (MIP) Award in the aerospace and
security technologies category at the 2013 CONNECT MIP Awards that took place
at an awards ceremony on Dec. 6.

SAN DIEGO, Calif., Dec. 18, 2013 (GLOBE NEWSWIRE) -- via PRWEB - Cubic
Corporation (NYSE: CUB) announced today that its One Shot technology received
the Most Innovative New Product (MIP) Award in the aerospace and security
technologies category at the 2013 CONNECT MIP Awards that took place at an
awards ceremony on Dec. 6. In its 26th year, the annual awards program
continues its tradition of honoring San Diego's leaders of innovation and
groundbreaking new products launched in the last year.

Cubic's One Shot technology enables military marksman to hit targets at
extreme ranges with only one rifle shot. The One-Shot system senses integrated
wind direction and velocity along the entire path between the shooter and
target, range to target, weapon angles, Coriolis force, temperature and
pressure data, and weapon type. One Shot also provides an offset aim point and
an error circle in the user-selected sight. This field-deployable system is
mounted on the rifle or the spotter-scope.

"We're very honored and humbled to win the most innovative aerospace &
security technologies at the CONNECT Most Innovative New Product Awards," said
Steve Sampson, vice president of advanced programs, Cubic Defense
Applications. "At Cubic, we strive daily to create a culture of innovative
thinking and team collaboration to distinguish us from many others in our
industry. This award validates the uniqueness of One Shot – both as the result
of inspired work by Cubic and our partner, Trex Enterprises - and for creating
a very important technology advancement giving our warfighters a needed and
decisive battlefield advantage."

Held this year at the Hilton La Jolla Torrey Pines Hotel, the annual MIP
Awards is CONNECT's largest and most prestigious event, attracting more than
700 of the region's top business leaders, researchers and capital providers.
100 San Diego-based companies competed in the rigorous, four-month judging
process, with a total of only nine winners awarded in categories including:
Aerospace and Security Technologies, Communications and IT, Hardware and
General Technology, Life Sciences-Diagnostics and Research Tools, Life
Sciences-Medical Products, Mobile Apps, Software, Sport & Active Lifestyle
Technologies and Sustainability.

The 2013 CONNECT MIP Awards are made possible through generous support from
lead sponsors Life Technologies and Qualcomm, and supporting sponsors
AmericanWest Bank, Barney & Barney, Cox Business, Cymer, D&K Engineering,
Hughes Marino, Kaiser Permanente, Knobbe Martens, KPBS, Merck,
PricewaterhouseCoopers, ROTH Capital Partners and Sanford Burnham Medical
Research Institute.

For more information on One Shot please visit http://www.cubic.com. For a
complete list of winners and additional information on the CONNECT MIP Awards
please visit http://www.connect.org.

About Cubic Corporation

Cubic Corporation is the parent company of three major business segments:
Transportation Systems, Defense Systems, and Mission Support Services. Cubic
Transportation Systems is a leading provider of automated fare collection
systems and services for public transit authorities. Cubic Defense Systems is
a leading provider of realistic combat training systems and secure
communications. Mission Support Services is a leading provider of training,
operations, maintenance, technical and other support services for the U.S. and
allied nations. For more information about Cubic, see the company's Web site
at http://www.cubic.com.

About CONNECT:

CONNECT is a regional program that catalyzes the creation of innovative
technology and life sciences products in San Diego County by creating an
environment in which inventors and entrepreneurs have access to the resources
they need for success. Since 1985, CONNECT has assisted in the formation and
development of more than 3,000 companies and is now widely regarded as one of
the world's most successful organizations linking inventors and entrepreneurs
with the resources they need for commercialization of innovative products. As
a result, the program has been modeled in more than 50 regions around the
world – most recently in New York City, Bogotá, Colombia and Saudi Arabia. To
learn more about CONNECT, please visit our website at http://www.connect.org
or call 858.964.1300. Also, follow us on Twitter @CONNECTinSD or on Facebook
at https://www.facebook.com/CONNECTinSD.

This article was originally distributed on PRWeb. For the original version
including any supplementary images or video, visit
http://www.prweb.com/releases/2013/12/prweb11434179.htm

CONTACT: Cubic Corporation
         Timothy Hill
         timothy.hill@cubic.com
         +1 (858) 505-2430
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