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Cubic’s GATR Technologies Receives Most Innovative New Product Award from CONNECT

Cubic Corporation (NYSE: CUB), today announced that its subsidiary GATR Technologies (GATR), which operates within the Cubic Mission Solutions (CMS) business division, received the Most Innovative New Product (MIP) Award in the Defense, Transportation and Cybersecurity category at the 2016 CONNECT MIP Awards that took place at an awards ceremony on Dec. 1, in San Diego. In its 29th 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 products have been named CONNECT MIP finalists for five consecutive years and it is an honor to be selected again for this year’s MIP award and we are proud of our GATR team’s efforts in developing this innovative product,” said Bradley H. Feldmann, president and chief executive officer, Cubic Corporation. “Innovation is the backbone of Cubic and we will continue to focus on technologies to increase competitive advantage and offer best solutions to our customers worldwide.”

GATR is the only provider of inflatable satellite communication (SATCOM) antenna solutions. GATR’s inflatable antenna technology offers tremendous operational and affordability advantages as the antennas are designed for extreme portability, reliability and ease of setup, even in extreme environments. The antennas can be air dropped to a military unit or transported as commercial baggage, which is a competitive edge that supports the effectiveness of expeditionary missions. With GATR’s portable antennas, customers can now set up communication in less than 60 minutes, without the need of special tools.

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 110 companies competed in the rigorous, four-month judging process, with a total of only ten winners awarded in categories including: Bluetech; Cleantech Sustainability & Energy; Defense Transportation & Cybersecurity; Information Communication Technologies; Life Science Diagnostics & Research Tools; Medical Devices; Pharmaceutical Drugs & Biologic Therapies; Robotics & Unmanned Vehicles; Software Digital Media & Mobile Apps; and Sport & Active Lifestyle Technologies.

For a complete list of winners and additional information on the CONNECT MIP Awards please visit www.connect.org.

About Cubic Corporation

Cubic Corporation designs, integrates and operates systems, products and services focused in the transportation, defense training and secure communications markets. Cubic Transportation Systems is a leading integrator of payment and information technology and services to create intelligent travel solutions for transportation authorities and operators. Cubic Global Defense is a leading provider of live, virtual, constructive and game-based training solutions, special operations and intelligence for the U.S. and allied forces. Cubic Mission Solutions provides networked Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) capabilities for defense, intelligence, security and commercial missions. For more information about Cubic, please visit the company's website at www.cubic.com or on Twitter @CubicCorp.

About CONNECT

CONNECT is a premier innovation company accelerator in San Diego that creates and scales great companies in the technology and life sciences sectors. By creating an environment in which entrepreneurs and C-suite executives have access to the people, capital, and technology resources they need for success, CONNECT has assisted in the formation and development of more than 3,000 companies since 1985. Widely regarded as one of the world’s most successful organizations linking entrepreneurs and C-suite executives with the resources they need for the commercialization of innovative products and services; our program has been modeled in more than 50 regions around the world.

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