Cubic Corporation facts for kids

Quick facts for kids
Cubic Corporation

Type	Private
Industry	Public transport and defense
Founded	February 26, 1949 (1949-02-26)
Founder	Walter J. Zable
Headquarters	San Diego, California, U.S.
Key people	Stevan Slijepcevic (president, CEO)
Owner	Veritas Capital Elliott Management
Number of employees	6,200 (2020)
Divisions	Cubic Mission and Performance Solutions Cubic Transportation Systems

Cubic Corporation is a global company. It works in two main areas: public transportation and defense. They help people travel easily and support military operations.

History of Cubic Corporation

Cubic Corporation was started in 1949 by Walter J. Zable. It began as an electronics company in San Diego, California. Mr. Zable chose the name "Cubic" to show its focus on engineering and precision. Their first product measured microwave output. In 1959, Cubic became a company whose shares could be bought and sold by the public.

In 1969, Cubic bought United States Elevator Corporation. This company made elevators for people and goods.

Today, Cubic employs 6,200 people around the world. Stevan Slijepcevic became the company's president and CEO in January 2022.

In May 2021, Cubic was bought by two private investment firms. This changed Cubic from a publicly traded company to a private one.

What Cubic Does: Divisions

Cubic Corporation has two main parts:

• Cubic Mission and Performance Solutions (CMPS)

* This part of Cubic helps defense and security groups. * They provide tools for communication, control, and intelligence. * They also create realistic training systems for military forces. * CMPS offers support services to the U.S. and its allies.

• Cubic Defence New Zealand Ltd

* This company is based in Auckland, New Zealand. * It makes training and simulation systems for military forces. * Cubic Corporation owns this company.

• Cubic Transportation Systems (CTS)

* CTS designs and builds systems for public transport. * They create automated fare collection systems. * This includes ticket machines, gates, and smart card readers. * They also manage the central systems that process payments. * CTS is the world's largest provider of public transport fare collection services. It started on May 5, 1972.

Products and Services for Travel

Cubic smartcard gates on Sydney Metro

Cubic Transportation Systems offers many products and services to make travel easier:

• Ticket Machines and Gates

* They make machines where you can buy tickets. * They also create gates that read your ticket or smartcard.

• Smartcard Readers

* These devices read special cards used for paying fares.

• Umo Mobility Platform

* Umo is a special system that connects different ways to travel. * It helps public and private transport work better together. * The Umo Mobility App helps riders plan trips. * It also offers contactless payments and real-time travel updates.

• Payment Systems

* Cubic creates systems to manage money from fares. * This includes card-based and account-based systems. * Examples are New York’s OMNY, Chicago's Ventra, and London's Oyster Cards. * They also develop mobile apps for paying fares.

• Support for Transit Agencies

* Cubic helps public transport companies manage their services. * They offer customer support and software help.

• Traffic Management

* Cubic helps manage traffic flow in cities. * They work with transport agencies in the UK and Australia.

• Tolling Systems

* They created a system for collecting tolls on roads. * This system handles payments and customer service.

• GRIDSMART

* Cubic bought GRIDSMART in 2019. * GRIDSMART uses cameras at intersections. * It helps manage traffic lights to keep cars, bikes, and people moving smoothly. * About 12,000 intersections use GRIDSMART technology.

• Trafficware

* Cubic bought Trafficware in 2018. * Trafficware also helps manage traffic and road networks.

Major Projects by Cubic

Cubic Transportation Systems has completed over 400 projects. These projects are in 40 different markets across five continents. They were one of the first to use mobile ticketing in 2006. They offer many ways to pay, like mobile tickets, smartcards, and traditional systems. The Umo Mobility Platform was launched in January 2021. Cubic manages about 70% of the world's smart transit cards. They process over 24 billion transactions every year!

In 2017, Cubic was chosen for a big project in Massachusetts. This project, called "Fare Transformation," updates the public transport payment systems. It is expected to be finished around 2024.

In 2022, Cubic signed a contract in New Zealand. They are developing a "National Ticketing Solution." This will allow people to use one fare card for all public transport across New Zealand.

Other Cubic Companies

Cubic also owns other companies that focus on technology and communications:

• DTECH Labs provides communication products. These are used by the military, government, and first responders.
• TeraLogics offers real-time video processing. This helps the Department of Defense and other groups.
• GATR Technologies makes portable, inflatable satellite communication terminals. These are used for tactical communications in tough places.
• Vocality creates technology that helps different communication systems work together. This allows secure communication for businesses and military.
• PIXIA Corp. is a company that manages imagery.