Cubic Establishes New Corporate Office in Singapore.Business Editors & High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--March 16, 2001 Cubic Corp. (AMEX AMEX See: American Stock Exchange :CUB) has expanded its existing operations in Singapore to include a new corporate office that will augment Asian business development in the defense and transportation sectors. The new office has been established in the same location as Oscmar International OSCMAR International Limited is a manufacturer of training and simulations systems for military forces around the world. It is based in Auckland, New Zealand and owned by an American company Cubic Corporation. Ltd. Oscmar, which Cubic acquired last year, is a leading developer and manufacturer of laser-based combat simulation devices. Headquartered in Auckland, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Oscmar has had an office in Singapore since 1995 and is one of five companies making up Cubic's Defense Group. Cubic Corp. has had a presence in Southeast Asia for more than 15 years, including a series of contracts that established and continued to build on Singapore's transit fare collection system. The Land Transport Authority (LTA LTA Land Transport Authority LTA Land Trust Alliance LTA Lawn Tennis Association LTA Lost Time Accident LTA Lighter-Than-Air LTA Lieutenant (Singapore military) LTA Lipoteichoic Acid LTA Lymphotoxin-Alpha ) of Singapore awarded Cubic's transportation subsidiary, Cubic Transportation Systems, its first contract in April 1984 to supply an automated ticketing system for the rail system. A subsequent contract in 1989 expanded operations to the public bus system. Under a 1990 contract, TransitLink, the agency created by LTA to manage this new Integrated Ticketing System (ITS), Cubic built one of the first self-service ticketing machines with debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. payment capability. Currently, Cubic is nearing delivery of the transit industry's first recycling contactless smart card A smart card that uses radio frequencies to provide a wireless connection to the reader. The transmission range is only a couple of inches, but allows the card to be quickly passed by a reader in applications such as secured entrances. See smart card and UltraCard. vending machine, which will be installed throughout the LTA system under an April 1999 contract. Cubic supplied the ticketing system for Bangkok's "Skytrain," under a subcontract with Siemens Transportation Group. The Skytrain went into operation in December 1999. Cubic also built the fare collection system for the light rail transit The name Light Rail Transit is used by the following specific light rail systems, either as an official name or otherwise:
Oscmar has current market share in Southeast Asia, China and the Indian subcontinent, and services its European market base from Singapore. Oscmar is currently exploring several opportunities to increase its market share in the region in the short term. The other four Cubic Defense Group companies all have active contracts and business development efforts in the Pacific Rim. Those companies include: Cubic Defense System Inc.; Cubic Application Inc.; Cubic Communication Inc.; and Cubic Worldwide Technical Services Inc. |
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