Cubic and Partners to Support R&D for iMOVE Cooperative Research Centre in Australia
April 25 2017 - 7:00AM
Business Wire
Cubic Transportation Systems to aid Australian
Government with identifying and reducing traffic congestion using
big data and predictive analytics
Cubic Transportation Systems (CTS), a business unit of Cubic
Corporation (NYSE:CUB), today announced its support of a decision
by the Australian Government to award iMOVE Cooperative Research
Centre (CRC) a 10-year grant worth AU$55 million to develop future
technologies for smart transport and mobility in Australia. iMOVE
CRC is a collaborative consortium of industry and technology
innovators as well as government and academia. As part of the CRC,
Cubic aims to address the lack of coordination between the various
transport systems through the development of advanced multimodal
transportation management solutions that can tackle complex and
costly congestion.
“Transport is the backbone of our economy. As a country, we will
fall behind if we cannot find ways to move our people and goods
more effectively and efficiently,” said Ian Christensen, bid lead
for iMOVE CRC. “Our roads are congested and our transport systems
are not coordinated and it’s getting worse in many cases. The
establishment of the iMOVE CRC gives us an immediate opportunity to
tackle this situation, by harnessing the power of ‘big data,’
developing smarter solutions and engaging with the community to
trial and deploy new technologies.”
“Cubic wants to provide a system that gives a holistic,
multimodal network view while using big data and predictive
analytics to identify where congestion is likely to occur and how
we can reduce it,” said Tom Walker, senior vice president and
managing director of CTS-Asia Pacific. “We are excited by the
opportunities presented by iMOVE and look forward to working with
the CRC and its partners to develop world-leading intelligent
transport technologies.”
The CRC is being established to help address the growing
pressure on Australia’s transportation systems caused by population
growth and aging infrastructure. Research and development outcomes
are aimed at reducing congestion, enhancing freight productivity
and creating a more seamless multimodal travel experience for
passengers.
About Cubic Corporation
Cubic Corporation designs, integrates and operates systems,
products and services focused in the transportation, defense
training and secure communications markets. 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 Global Defense is a
leading provider of live, virtual, constructive and game-based
training solutions, special operations and intelligence for the
U.S. and allied forces. 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.
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MacGregor Public RelationsJohn MacGregorPH: 0414 445
447jmac@macpr.com.auorCubic CorporationLaura ChonCorporate
CommunicationsPH: +1 858-505-2181laura.chon@cubic.com
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