Welcome to our dedicated page for CUB news (Ticker: CUB), a resource for investors and traders seeking the latest updates and insights on CUB stock.
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Cubic Corporation (NYSE: CUB) has announced that its Cubic Mission and Performance Solutions division has integrated FirstNet® push-to-talk (PTT) compatibility into its Vocality RoIP and M3-SE-MFGW interoperability gateways. This enhancement allows for mission-critical push-to-talk interoperability between Land Mobile Radio (LMR) and LTE networks, supporting first responders with priority access. Users can now leverage a software update to access these MCPTT features, enhancing communication capabilities across dedicated and commercial networks, while also ensuring secure data transmission.
Cubic Corporation (NYSE:CUB) has released its inaugural 2020 Corporate Responsibility Report, emphasizing its commitment to environmental, social, and governance (ESG) practices. Key highlights include a 17% reduction in CO2 intensity and an 18% decrease in Scope 2 CO2 emissions in 2020. The company also responded to COVID-19 by producing over 1 million face coverings for employees and the community. Cubic improved its total recordable injury rate by 10% and was recognized as a Top Workplace in San Diego.
Cubic Corporation (NYSE:CUB) has launched Umo™, a comprehensive platform aimed at enhancing urban mobility for riders, transit agencies, and service providers. Umo offers seamless fare payment, trip planning, and real-time information across various transportation modes.
The platform includes six distinct solutions: Umo App, Umo Pass, Umo Pay, Umo Rewards, Umo IQ, and Umo MaaS, facilitating a user-friendly experience for urban travelers. Initial rollouts will occur in 15 U.S. markets, with additional features launching throughout 2021.
Cubic Corporation (NYSE:CUB) has signed a global distribution agreement with RFMW, enhancing its sales capabilities for Nuvotronics' mmWave product line. This partnership aims to leverage RFMW's expertise in radio frequency components and its global logistics support to meet growing demand in 5G and other critical applications. Nuvotronics specializes in innovative PolyStrata® technology that miniaturizes RF components, offering high performance in compact designs. The collaboration is expected to expand the reach of Nuvotronics’ advanced solutions worldwide.
Cubic Corporation (NYSE:CUB) has successfully deployed the OMNY contactless payment system throughout New York City, including all buses and 472 subway stations. This system enhances customer convenience by allowing mobile and open payments via contactless bankcards and mobile wallets. The last station to be completed was Eastern Parkway Brooklyn Museum, and the initiative was delivered on time and under budget despite pandemic challenges. Future phases will expand OMNY to the Long Island Rail Road and Metro-North Railroad, improving fare options for riders.
Cubic Corporation (NYSE:CUB) is collaborating with the American Public Transportation Association (APTA) to address the financial crisis in the public transportation sector. The organization is advocating for at least $32 billion in emergency funding from Congress to support transit agencies affected by the pandemic. Leaders from Cubic emphasized the importance of public transit for economic recovery and job stability. The company is committed to helping partners develop resilient transportation solutions amid ongoing challenges.
Cubic Corporation (NYSE:CUB) has launched its smart ticketing technology for the Gold Coast Light Rail network in Queensland, Australia, marking a significant milestone in innovative public transport. This system, part of a $371 million initiative by the Queensland Government, allows travelers to use credit cards, debit cards, smartphones, and smartwatches for payments. The new technology aims to enhance commuter convenience, especially during the holiday influx. Cubic joins other major cities employing this contactless payment technology, with 156 validators installed at 19 light rail stations.
Cubic Corporation (NYSE:CUB) announced that Independent Director Maureen Breakiron-Evans received the 2020 Director of the Year award for Corporate Governance from the Corporate Directors Forum. This recognition highlights her leadership and performance in the boardroom, especially during the COVID-19 pandemic. Breakiron-Evans, a board member since 2017, has advanced high governance standards and oversees financial reporting and technology strategy. The award ceremony took place virtually on December 2.
