SAN DIEGO, Calif., Dec. 5, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Cubic Transportation Systems, a business segment of Cubic Corporation (NYSE: CUB) and a leading integrator of payment and information technology and services for intelligent travel solutions, today announced that its NextBus Fleet Management Application received the Most Innovative New Product (MIP) Award in the Communications and IT category at the 2014 CONNECT MIP Awards that took place at an awards ceremony on Dec. 4.
In addition to the eight companies honored for their outstanding new products, the Distinguished Contribution Award for Technology Innovation was awarded to Dr. Robert S. Sullivan who serves on Cubic Corporation's board of directors and is dean, Rady School of Management, University of California, San Diego. Sullivan has served on Cubic's board for 10 years and is an acknowledged visionary leader in global business education, the application of technology to learning and the commercialization of new technologies.
"We congratulate Dr. Sullivan's recognition by CONNECT. The award is well deserved and we are appreciative of his continued service on Cubic's board of directors. Dr. Sullivan's expertise and leadership has been instrumental as we continuously build upon our enviable set of strengths, said Bradley H. Feldmann, president and chief executive officer of Cubic Corporation.
"It also is a great honor being recognized with the MIP award. Innovation is a core value of the Cubic culture, enabling us to deliver not only new technology but solutions that are the most responsive in the industry to customer needs. NextBus is an integral component to realizing our NextCity vision– Cubic's strategy for regional mobility to optimize the information and payment management assets and services of customers across all modes of travel."
The NextBus Fleet Management application is a modular, mobile gateway for connecting passengers and public transport operators to valuable real-time travel and operations information. For passengers, this means knowing exactly where their next bus is so they know how long their wait time is. For operators, it is a cost-effective, high-quality and reliable application to keep buses on schedule and drive efficiencies in their services.
In its 27th 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. In addition to NextBus, two Cubic solutions, Halo Array and NeuroBridge 2.0, were selected as finalists in the Aerospace & Security Technologies and Software categories.
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. More than 100 San Diego-based companies competed in the rigorous, four-month judging process, with a total of only eight winners awarded in categories including: Aerospace and Security Technologies, Communications and IT, Diagnostics and Research Tools, Pharmaceutical Drugs and Medical Devices, Mobile Apps, Software, Sport & Active Lifestyle Technologies and Sustainability.
About Cubic Transportation Systems
Cubic® Transportation Systems, Inc., is part of Cubic Corporation. Cubic Corporation is the parent company of three major business segments. Cubic Defense Systems is a leading provider of realistic combat training systems and secure communications systems. 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 systems for transportation and traffic management, delivering tools for travelers to choose the smartest and easiest way to travel and pay for their journeys, and enabling transportation authorities and agencies to manage demand across the entire transportation network – all in real-time. 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, more than 24 billion transportation payment transactions are processed using Cubic payment and information systems worldwide. Cubic has delivered over 20 regional back office operations which together integrate over 450 transport operators and serve over 38 million people every day in major markets around the world. 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/.
About CONNECT
CONNECT is an acceleration program in San Diego that creates and scales great companies in technology and life sciences sectors 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.
Contacts:
Debra Montner
Montner & Associates
PH: 203-226-9290 ext. 112
Cell: 203-984-7861
dmontner@montner.com
Suzanne Hatcher
Corporate Communications
Cubic Corporation
PH: 858-505-2430
Cell: 858-774-4736
suzanne.hatcher@cubic.com
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