Cubic has led the revenue collection market for the past four decades, delivering solutions that have been deployed in helping transit agencies lower their costs, increase convenience and improve positive public perceptions of the transit system. Over that time, the company has been responsible for many of the most significant advances in the sector.
"We are in a period of considerable change," commented Cubic Transportation Systems president Steve Shewmaker, "with transit agencies and state governments confronted with the dual challenge of reduced access to capital and operating budgets at a time of high population growth, urbanization and an increased demand for mobility.
"Cubic is helping its customers to respond to these challenges by changing its business to become a more agile partner and to think longer-term about how we can support them in shaping positive responses to the rapidly changing dynamics confronting them. We're investing more than ever before in research and development, and continue to seek strategic acquisitions to accelerate our capabilities. The establishment of an advisory board comprising a small number of extremely accomplished and highly respected individuals is an important step in the transformation of our business."
Those appointed to the board are:
Secretary Norman Mineta, who served under President Bill Clinton as Secretary for Commerce, before spending more than five years as President George W. Bush's Transport Secretary -- the only Democrat in President Bush's Cabinet.
Willie L. Brown, Jr., Mayor of San Francisco from 1996-2004 and Speaker of the California State Assembly from 1980-1995.
Robert D. Jamison, a proven leader on transportation security and transportation infrastructure, who served as Deputy Administrator of the Federal Transit Administration and Acting Administrator of the Federal Railroad Administration. He also served as Deputy Administrator of the Transportation Security Administration. In 2007, he was confirmed by the Senate to be Under Secretary for the Department of Homeland Security.
Steven Norris stood as a candidate for Mayor of London in 2000 and 2004. A former Transport minister in John Major's government, he chaired the transport working group in Conservative Party leader David Cameron's Quality of Life Commission.
The Honourable Bruce Baird, AM, was Minister for Transport in New South Wales from 1988-95, Minister for Sydney's Olympic bid between 1990-93 and Minister for Tourism and Roads from 1993-95. In 2008, he was appointed Chairman of the Tourism and Transport Forum, a peak industry lobby group.
"We're delighted that our strategic decision-making process will now be informed by such a powerful cohort of transportation sector thought leaders providing guidance to Cubic's senior management team in the areas of market expansion, transit policy and technology," Shewmaker said. "Their contribution to the future direction of our company will be invaluable and we welcome them warmly to the team."
Note to editors: Biographies of advisory board members are available at: cts.cubic.com
Cubic® Transportation Systems, Inc., is part of 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 and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services. 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; and Scandinavia.
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.
For more information about Cubic, see the company's Web site at www.cubic.com.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1971548
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1971557
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1971551
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1971554
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1971545