Oct 9, 2018   SOURCE: PR NewsWire

Cubic Joins City Innovate to Announce Pioneering Program for Startups Looking to Improve Cities through Government Contract Opportunities

SAN DIEGO, Oct. 9, 2018 /PRNewswire/ -- Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division is joining with industry partner City Innovate to announce over 80 civic challenges for the Startup In Residence (STIR) program. The 28 government partners participating in STIR will start accepting applications from startups to address public-sector challenges. Over the course of this 16-week program, selected startups will work with governments to co-develop and test solutions, with the goal of securing a contract at the end of the program.

"Cubic is pleased to support City Innovate and the STIR program as one of the ways we can support cities in exploring how new technologies can be applied to improve how people move and cities operate," said Boris Karsch, vice president, strategy for CTS. Karsch represents CTS on City Innovate's Technical Advisory Board (TAB) which is comprised of global technology organizations providing technical advice and guidance to startups. Other TAB members include Microsoft, Visa, Oracle, Google Cloud for Startups, Mexichem, Forgerock and Panasonic.

"Our partnership with STIR represents our commitment to our customers to help them extend the benefits of the smart mobility solutions we provide through the energy and innovation brought by America's start-up community to solve today's civic challenges in new and innovative ways," said Karsch.

For startups working in the urban innovation space, this is a great opportunity to understand the unique perspective of government leaders and a way to overcome hurdles in the procurement process. For international startups, the STIR program provides an entry-point into the U.S. market by collaborating with large potential customers. The program can be done remotely and does not have to be full time, allowing flexibility for participation.

Some of the emerging themes identified by local governments center around data analytics services, crowdsourcing platforms and urban planning tools, among other topics. Notable challenges include:

    --  IoT sensor platform for reducing traffic congestion and improving
        safety;
    --  Automated HOV lane enforcement;
    --  Disaster management and communication platform for residents and
        officials;
    --  Crowdsourcing platform to connect low-income renters and people willing
        to provide 21-day loan for security deposits;
    --  Smart assistant integration to enable residents to have a voice
        interface to city services;
    --  Planning tool to predict traffic impact of new real-estate development;
        and
    --  Reduce congestion from construction using data and sensors.

The program launched in San Francisco in 2014 and is now in 28 cities, counties, regional governments and states across North America, including Miami-Dade, Memphis, San Jose, Long Beach, Edmonton, Las Vegas, Boulder and Mobile. Each government partner has leadership buy-in, a dedicated project manager and budget committed to each of the challenges.

The call for startup applications will be open through November 7th. Click here to apply.

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 Global Defense Systems is a leading provider of live, virtual, constructive and game-based training solutions for the U.S. and allied forces. 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. For more information about Cubic, please visit the company's website at www.cubic.com or on Twitter @CubicCorp.

About City Innovate

City Innovate is a nonprofit that is dedicated to helping governments address their challenges through emerging technologies. Through our flagship program Startup in Residence, we bridge the gap between the private and public sector. The program facilitates startup and government teams to co-create technology solutions for government-defined challenges. We help scale these solutions to new cities by supporting our startups.

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SOURCE Cubic Corporation