Jul 30, 2018   SOURCE: PR NewsWire

Cubic Executive to Explore the Future of Transit Mobility with Auto Industry at Center for Automotive Research Seminar

SAN DIEGO, July 30, 2018 /PRNewswire/ -- Cubic Corporation (NYSE:CUB) today announced that its Cubic Transportation Systems (CTS) business division's director of strategy, Andy Taylor, will deliver a presentation during the 2018 Center for Automotive Research (CAR) Management Briefing Seminars (MBS) on July 31 in Traverse City, Michigan.

Taylor will discuss how the private car can remain relevant if the Mobility-as-a-Service (MaaS) model becomes the standard of future urban mobility, despite the challenges to the automotive industry driven by automation, changing consumption habits and the sharing economy. Although Cubic's vision of MaaS centers on the idea that public transit agencies - more than any other player - should play center stage, private car ownership could remain an important element of the future mobility landscape.

"Mobility as a Service does not necessarily mean the end of the car," said Taylor. "Through smart partnerships between public and private transport service providers, the automotive industry can position itself as the partner of choice for helping cities address first/last mile problems, filling in the gaps in service and capitalizing on those parts of the transportation network that cannot be effectively serviced by public transit.

"By helping drive the density of travel and connecting people in the suburbs with key transportation hubs in the city, the automotive industry can actively and effectively contribute to helping MaaS achieve its social equity objectives," added Taylor.

Taylor will present at the following session:

    --  Is the Future of Mobility Multimodal or Car-centric?Tuesday, July 31,
        1:00 p.m. - 2:30 p.m. (local time); Grand Traverse Resort and Spa,
        Traverse City, Michigan

CAR is an independent nonprofit organization producing industry-driven research and fostering dialogue on critical issues facing the automotive industry. The CAR MBS attracts a wide audience of attendees from across the nation, including automakers, academia and the government, in addition to technology and mobility stakeholders.

Follow Cubic Transportation Systems on Twitter at @CubicTS and join the conversation on social media with #CARMBS.

About Cubic Corporation

Cubic is a market-leading, technology 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 Transportation Systems is a leading integrator of payment and information technology and services to create intelligent travel solutions for transportation authorities and operators. Cubic Mission Solutions provides networked Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) capabilities for defense, intelligence, security and commercial missions. Cubic Global Defense is a leading provider of live, virtual, constructive and game-based training solutions for the U.S. and allied forces. For more information about Cubic, please visit the company's website at www.cubic.com or on Twitter @CubicCorp.

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SOURCE Cubic Corporation