Cubic Acquires Assets of Advanced Interactive Systems; Increases Company Exposure to Live Fire Simulation and International Markets

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Cubic Defense Applications, a Defense Systems business unit of Cubic Corporation (NYSE: CUB), announced today it has acquired certain assets and foreign subsidiaries of Advanced Interactive Systems (AIS) through a bankruptcy auction.

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AIS’s world class products will help Cubic expand its training footprint to target larger facility projects overseas and expand our product offerings for U.S. and Federal law enforcement.

Cubic Defense Applications, a Defense Systems business unit of Cubic Corporation (NYSE: CUB), announced today it has acquired certain assets and foreign subsidiaries of Advanced Interactive Systems (AIS) through a bankruptcy auction. AIS is a leading supplier of live fire specialized range facilities, virtual simulation products, and engineering design and project management services for counter-terrorism, law enforcement, and traditional military forces worldwide.

AIS’s virtual simulation products, PRISim, addresses basic marksmanship, judgmental evaluation and “shoot don’t shoot” technologies that incorporate a wide range of customizable virtual simulation scenarios for use in classrooms or indoor live fire ranges. Additionally, AIS technology includes QuickRange, a customizable and modular solution for live fire and virtual training ranges. Internationally, the company’s design, construction and support capabilities are aimed at highly realistic and reusable live-fire law enforcement and counter-terrorism training.

“This acquisition diversifies our product offering and capitalizes on our existing international marketing channels,” said Dave Schmitz, president of Cubic Defense Systems, Inc. “AIS’s world class products will help Cubic expand its training footprint to target larger facility projects overseas and expand our product offerings for U.S. and Federal law enforcement.”

The company has operations in the United States, United Kingdom, Singapore and United Arab Emirates. The company’s largest customer base is concentrated in Asia Pacific and the Middle East.

About 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, cyber technologies, asset tracking solutions, and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and other support services to the U.S. and allied nations. Cubic Transportation Systems is the world’s leading provider of automated fare collection systems and services for public transit authorities. For more information about Cubic, see the company's web site at http://www.cubic.com.

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