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The Dewey Electronics Corp - Company Profile and SWOT Analysis
Summary The Dewey Electronics Corp - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights The Dewey Electronics Corp (Dewey Electronics) designs, develops, manufactures, and markets compact diesel power generation solutions. The company’s product portfolio includes military tactic...
Cubic and WMATA Deliver SmarTrip on Google Pay Integration for Trains ...
SAN DIEGO--(BUSINESS WIRE)-- today announced its (CTS) business division, Washington Metropolitan Area Transit Authority (Metro) and NXP Semiconductors N.V. (NXP) launched SmarTrip® on Google Pay, delivering a simple, contactless way for Metro riders to pay for their journeys on Metro trains or buses. Metro riders can add their SmarTrip card to Google Pay and use their NFC-enabled Android™ phone for payment, eliminating the need for a physical SmarTrip card. “Addressing mobility challenges with innovative technology is at the heart of everything we do at Cubic,” said Jeff Lowinger, presiden...
Cubic Partners with CVEDIA to Enhance AI
SAN DIEGO--(BUSINESS WIRE)-- today announced its (CTS) business division has partnered with CVEDIA, an artificial intelligence (AI) solutions company to enhance its GRIDSMART products. CTS will utilize CVEDIA’s synthetic data technology to continue to rapidly scale deep learning models for GRIDSMART omnidirectional cameras and other intelligent transportation systems (ITS) solutions. The GRIDSMART product pioneered horizon-to-horizon, computer-vision tracking for ITS applications and is installed in nearly 10,000 intersections in more than 1,500 communities globally. “Safety is the most fu...
Cubic Enhances Ventra Card Offering to Include Contactless Fare Paymen...
SAN DIEGO--(BUSINESS WIRE)-- (NYSE: CUB) today announced its (CTS) business division, the Chicago Transit Authority (CTA) and Pace Suburban Bus (Pace) launched the virtual Ventra card on Google Pay, enhancing the customer experience with additional contactless, tap-and-go fare payment options. Android™ smartphone users in the Chicagoland area now have a contactless fare payment option when traveling on CTA trains and buses as well as Pace buses. The virtual Ventra card in Google Pay removes the need for a physical card, making transit travel easy and convenient. To ride using Ventra on Goog...
Cubic Honored as a VETS Indexes Recognized Employer
SAN DIEGO--(BUSINESS WIRE)-- (NYSE:CUB) today announced it was awarded the designation of “VETS Indexes Recognized Employer,” from the 2021 VETS Indexes Employer Awards. A firm dedicated to promoting veteran employment, VETS Indexes and its awards program recognizes Cubic’s commitment to recruiting, hiring, retaining, developing and supporting veteran employees and others in the military-connected community. This press release features multimedia. View the full release here: Cubic recognized as a VETS Indexes Recognized Employer. “Being named a VETS Indexes Recognized Employer is a true testa...
Cubic and MTC Bring Digital Fare Payments to Android Users
SAN DIEGO--(BUSINESS WIRE)-- (NYSE:CUB) today announced its (CTS) business division and the Metropolitan Transportation Commission (MTC) launched mobile fare payments on NFC-enabled Android phones. Through the Google Pay app, or the newly launched Clipper app for Android™, riders now have the convenience of a contactless fare payment option and account management on Android phones, eliminating multiple touchpoints throughout the transit riding experience. In the Google Pay app, riders can purchase a Clipper card, top up the value and automatically reload their balance. Riders can also downl...
Cubic and Taoti Creative Win “Platinum Level” Award in Electronic Medi...
SAN DIEGO--(BUSINESS WIRE)-- (NYSE:CUB) today announced its (CTS) business division and Taoti Creative received the “Platinum Level” Hermes Creative Award in the 2021 Electronic Media category for the “Meet Umo” animated video. The Hermes Creative Awards honors the creative industry’s best publications, branding, collateral, websites, videos and advertising in over 200 categories. Cubic partnered with Taoti Creative to create the animated video to educate agencies and Umo users about the simplicity and convenience of the platform. The video launched with the Umo platform and on January 26,...
Cubic and Rogue Valley Transportation District Introduce Fare Capping ...
SAN DIEGO--(BUSINESS WIRE)-- (NYSE:CUB) today announced its (CTS) business division and the Rogue Valley Transportation District (RVTD) are launching Umo Pass, enabling RVTD riders to seamlessly pay for trips through a single fare payment system on the 30 buses of RVTD’s transit systems. The contract is a renewal of the current transit fare payment, TouchPass, which transitioned to Umo Pass in April 2021. RVTD launched TouchPass five years ago. With the transition from TouchPass to Umo Pass, RVTD is now the longest running Umo client and the first renewal contract for the platform. Under a ...
Cubic Reports Second Quarter Fiscal Year 2021 Results
SAN DIEGO--(BUSINESS WIRE)-- (NYSE: CUB) (“Cubic” or the “Company”) today announced its financial results for the second fiscal quarter ended March 31, 2021. In light of the pending acquisition of Cubic by Veritas Capital and Evergreen Coast Capital Corporation, the Company will not be hosting a conference call to discuss its financial results. The pending acquisition remains subject to the receipt of certain regulatory approvals and the satisfaction of other closing conditions. Cubic currently anticipates that the pending acquisition will be completed during the second calendar quarter of 2...
Cubic and Omaha Metro Transit Launch Contactless Fare Payment Option
SAN DIEGO--(BUSINESS WIRE)-- (NYSE:CUB) today announced its (CTS) business division was awarded a multi-year contract from Omaha Metro Transit to deliver its Umo Pass solution. Umo Pass will empower Omaha Metro Transit riders to seamlessly plan and pay for transit journeys through a single fare payment system. Umo Pass, a cloud-based, software-as-a-service platform, is built for real-time fare payment processing, allowing riders the convenience to pay through various touchless options, including smart cards, a mobile app, paper tokens (such as QR or bar codes), or even student ID cards. Cas...
Cubic Prioritizes Workforce Diversity with New Inclusive STEM Returner...
SAN DIEGO--(BUSINESS WIRE)-- (NYSE:CUB) today announced its (CTS) business division will be participating in the program in the United Kingdom. The program aims to help employers recruit, develop and retain the best available talent, while also enabling highly qualified and experienced candidates to re-start their career. It also aims to minimize the gender imbalance within science, technology, engineering and mathematics (STEM), and gives candidates a supported route back to their career. “As a large employer of engineering talent, we often struggle to find a diverse slate of new candidat...
Cubic Announces Shareholder Approval of Merger Agreement with Veritas ...
SAN DIEGO--(BUSINESS WIRE)-- Cubic Corporation (NYSE: CUB) (“Cubic” or the “Company”) today announced that, at a special meeting of shareholders held on April 27, 2021 (the “Special Meeting”), the shareholders of the Company approved a proposal to adopt the merger agreement (the “Merger Agreement”) entered into between the Company and an affiliate of Veritas Capital (“Veritas”), under which Veritas and Evergreen Coast Capital Corporation (“Evergreen”), an affiliate of Elliott Investment Management L.P., will acquire the Company for $75.00 per share in cash. Approximately 70.3% of the shares o...
Cubic Independent Director Awarded Rev. Joseph C. Bartley OSA Alumni M...
SAN DIEGO--(BUSINESS WIRE)-- (NYSE:CUB) today announced its Independent Director Denise Devine was recognized by Villanova School of Business (VSB) as a recipient of the Rev. Joseph C. Bartley, OSA Alumni Medallion. The Bartley Medallion is the highest distinction VSB can bestow to an alumnus and is awarded annually to recognize alumni who have distinguished themselves in their careers while also dedicating service to their communities and VSB. This press release features multimedia. View the full release here: Denise Devine, Independent Director, Cubic Corporation (Photo: Business Wire) “As ...
Cubic Expands Automated Fare Collection to Vancouver’s HandyDART Syste...
SAN DIEGO--(BUSINESS WIRE)-- (NYSE:CUB) today announced its business division is expanding the current Compass automated fare collection (AFC) system to Metro Vancouver’s 347 vehicle paratransit system, HandyDART. As of March 2021, three buses have received installations. HandyDART is a shared ride service for passengers with physical or cognitive disabilities who are unable to use conventional public transit without assistance. Cubic will provide equipment to extend existing forms of payment enjoyed by travelers on the conventional system to HandyDART customers. The expansion will enable el...
Cubic and MTC Launch Clipper on iPhone and Apple Watch
SAN DIEGO--(BUSINESS WIRE)-- (NYSE:CUB) today announced that its (CTS) business division and the Metropolitan Transportation Commission (MTC) have introduced Clipper on iPhone and Apple Watch, giving transit riders a contactless way to pay for their trips on trains, buses and ferries in the San Francisco Bay Area. Cubic and MTC have launched their first mobile app for the region, the Clipper app, a helpful tool for card and account management. Riders now have the convenience of a contactless fare payment option on their iPhone, eliminating multiple touchpoints throughout the transit riding ex...
Cubic Executive Appointed to the National Defense University Foundatio...
SAN DIEGO--(BUSINESS WIRE)-- (NYSE:CUB) today announced Senior Vice President of Government Relations and Strategy John Roberti was appointed to the board of the National Defense University (NDU) Foundation. Established to provide critical support to the National Defense University, the NDU Foundation is a non-partisan, nonprofit, philanthropic organization focused exclusively on championing NDU’s mission of advanced national security education and leader development. This press release features multimedia. View the full release here: John Roberti appointed to the National Defense University ...
By reducing its risk exposure, CUBIC improves to Slightly Positive
CUBIC (US), a company active in Aerospace & Defense, reduces its risk exposure and improves its general evaluation despite the loss of a fundamental star(s). The independent financial analyst theScreener has removed a fundamental star(s) of the title, which now shows 2 out of 4 stars; conversely, its market risk is now considered lower and can be described as defensive. Despite the loss of a star, theScreener upgrades the general evaluation of the title to Slightly Positive. As of the analysis d...
Cubic Awarded Sailor 2025 Ready, Relevant Learning Contract
SAN DIEGO--(BUSINESS WIRE)-- (NYSE:CUB) today announced its Cubic Mission and Performance Solutions (CMPS) business division was awarded the U.S. Navy’s Sailor 2025 Ready, Relevant Learning (RRL) Fiscal Year 2021 (FY21) Content Conversion Indefinite Delivery/Indefinite Quantity (IDIQ) contract. The single-source IDIQ has a $92.3 million contract ceiling and a four-year ordering period. Under the contract, Cubic will deliver the third wave of content conversion under the RRL pillar of Sailor 2025 (S2025). This includes the design, development and delivery of modernized training content, includ...
Cubic Corporation Announces Semiannual Dividend
SAN DIEGO--(BUSINESS WIRE)-- (NYSE:CUB) today announced that its Board of Directors approved a regular semiannual dividend of $0.135 per share, payable on March 12, 2021, to shareholders of record on March 2, 2021. Cubic has consistently paid cash dividends to its shareholders since 1971. About Cubic Corporation Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR and training customers worldwide to decrease urban congestion and improve the militaries’ effectiveness and operational readiness. ...
Cubic Awarded US Air Force Contract to Deliver P5 Combat Training Syst...
SAN DIEGO--(BUSINESS WIRE)-- (NYSE:CUB) today announced its Cubic Mission and Performance Solutions (CMPS) business division was awarded a contract to deliver P5 Combat Training System (P5CTS) pods and auxiliary training hardware in support of the Combat Air Force (CAF) Contracted Air Support (CAS) program. As part of the program, the U.S. Air Force has contracted private companies that specialize in supplying “Red Air” adversaries to help train U.S. military fighter pilots. Cubic's P5 pods will allow the adversary air company to meet Air Combat Maneuvering Instrumentation (ACMI) interoperabi...
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