Cubic Receives Most Innovative New Product Award from CONNECT

Wed Dec 18, 2013 4:10pm EST

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SAN DIEGO, Calif., Dec. 18, 2013 (GLOBE NEWSWIRE) -- via PRWEB - Cubic Corporation (NYSE: CUB) announced today that its One Shot technology received the Most Innovative New Product (MIP) Award in the aerospace and security technologies category at the 2013 CONNECT MIP Awards that took place at an awards ceremony on Dec. 6. In its 26th 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's One Shot technology enables military marksman to hit targets at extreme ranges with only one rifle shot. The One-Shot system senses integrated wind direction and velocity along the entire path between the shooter and target, range to target, weapon angles, Coriolis force, temperature and pressure data, and weapon type. One Shot also provides an offset aim point and an error circle in the user-selected sight. This field-deployable system is mounted on the rifle or the spotter-scope.

"We're very honored and humbled to win the most innovative aerospace & security technologies at the CONNECT Most Innovative New Product Awards," said Steve Sampson, vice president of advanced programs, Cubic Defense Applications. "At Cubic, we strive daily to create a culture of innovative thinking and team collaboration to distinguish us from many others in our industry. This award validates the uniqueness of One Shot – both as the result of inspired work by Cubic and our partner, Trex Enterprises - and for creating a very important technology advancement giving our warfighters a needed and decisive battlefield advantage."

Held this year at the Hilton La Jolla Torrey Pines Hotel, 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. 100 San Diego-based companies competed in the rigorous, four-month judging process, with a total of only nine winners awarded in categories including: Aerospace and Security Technologies, Communications and IT, Hardware and General Technology, Life Sciences-Diagnostics and Research Tools, Life Sciences-Medical Products, Mobile Apps, Software, Sport & Active Lifestyle Technologies and Sustainability.

The 2013 CONNECT MIP Awards are made possible through generous support from lead sponsors Life Technologies and Qualcomm, and supporting sponsors AmericanWest Bank, Barney & Barney, Cox Business, Cymer, D&K Engineering, Hughes Marino, Kaiser Permanente, Knobbe Martens, KPBS, Merck, PricewaterhouseCoopers, ROTH Capital Partners and Sanford Burnham Medical Research Institute.

For more information on One Shot please visit http://www.cubic.com. For a complete list of winners and additional information on the CONNECT MIP Awards please visit http://www.connect.org.

About Cubic Corporation

Cubic Corporation is the parent company of three major business segments: Transportation Systems, Defense Systems, and Mission Support Services. Cubic Transportation Systems is a leading provider of automated fare collection systems and services for public transit authorities. Cubic Defense Systems is a leading provider of realistic combat training systems and secure communications. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services for the U.S. and allied nations. For more information about Cubic, see the company's Web site at http://www.cubic.com.

About CONNECT:

CONNECT is a regional program that catalyzes the creation of innovative technology and life sciences products in San Diego County by creating an environment in which inventors and entrepreneurs have access to the resources they need for success. Since 1985, CONNECT has assisted in the formation and development of more than 3,000 companies and is now widely regarded as one of the world's most successful organizations linking inventors and entrepreneurs with the resources they need for commercialization of innovative products. As a result, the program has been modeled in more than 50 regions around the world – most recently in New York City, Bogotá, Colombia and Saudi Arabia. To learn more about CONNECT, please visit our website at http://www.connect.org or call 858.964.1300. Also, follow us on Twitter @CONNECTinSD or on Facebook at https://www.facebook.com/CONNECTinSD.

This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2013/12/prweb11434179.htm

CONTACT: Cubic Corporation
         Timothy Hill
         timothy.hill@cubic.com
         +1 (858) 505-2430
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