SAN DIEGO, CALIF., May 23, 2012 – Cubic Transportation Systems, a business unit of Cubic Corporation (NYSE:CUB) and a leading integrator of payment and information technology and services for intelligent travel solutions, announced that Rhein-Main-Verkehrsverbund GmbH (RMV), one of Europe’s largest transport associations, and a Cubic customer, has sold more than one million mobile phone transit tickets with Cubic’s smartphone app and mobile ticketing solution.

RMV oversees transit services in the Frankfurt, Germany, region, including 153 transit operators that accept tickets generated by Cubic’s app.

RMV’s “HandyTicket” service lets riders pay for and download single rides, day passes and group day passes all from their mobile phone quickly, easily and without cash. Since the introduction of Cubic’s new mobile app in October 2010 for iPhone, Android and Blackberry smart phones, the number of users has rocketed to more than 40,000.

Additionally, RMV equips its train stations and bus shelters with “ConTags” (“Kontaktpunkten” in German), usable by travelers with NFC-enabled devices that customers tap with their smartphones to enter the transit system and automatically enter their starting location.The destination is selected from the RMV ticketing screen on the phone and the ticket is charged to the customer’s bank card associated with his or her RMV account. A 2-D barcode ticket–similar to an airline boarding pass–is transmitted to the phone and can be verified by an inspector upon request.

“We’re pleased to see the strong uptake of our mobile ticketing solution, clear proof that transit customers find it very convenient and easy to use,” said Stefan Jacobs, managing director for Cubic Transportation Systems (Deutschland) GmbH. “We are looking forward to continuing our work with RMV, constantly striving to improve applications and to develop new ones, always with the aim of making life simpler for many thousands of travelers.”

Cubic® Transportation Systems, Inc., is part of Cubic Corporation. Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services.

Cubic® Transportation Systems, Inc., is a leading integrator of payment and information technology and services for intelligent travel solutions. Cubic delivers integrated solutions that help transport operators manage their operations and services and give passengers choices in the smartest and easiest ways to pay their fares. Cubic specializes in design, development, manufacture, supply, installation, integration, services and information. Services provided by Cubic include on-site management, central systems, operations support, patron support, business support and field services.

Every year, nearly 10 billion rides are taken worldwide using Cubic payment and information systems. Cubic has delivered over 400 projects in 40 major markets on five continents. Active projects include London; Chicago, Brisbane (Southeast Queensland) region, Australia; New York/New Jersey region; Washington, D.C. /Baltimore/Virginia region; Los Angeles region; San Diego region; San Francisco region; Minneapolis/St. Paul; Atlanta region; Miami (South Florida) region; Vancouver and Edmonton, Canada; Sydney (New South Wales), Australia; and Scandinavia.

Cubic Defense Systems is a leading provider of realistic combat training systems, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services.

For more information about Cubic, see the company’s Web site at http://www.cubic.com.