Cubic Executive Appointed to Board of Directors for Mobility as a Service (MaaS) Alliance

Cubic’s unified payment gateway supports the MaaS vision for more economically, environmentally friendly ride-sharing services versus car ownership

Cubic Transportation Systems (CTS), a business unit of Cubic Corporation (NYSE: CUB), today announced Martin Howell, CTS director of external affairs, has joined the board of directors for the Mobility as a Service (MaaS) Alliance launched in 2015 by ERTICO, the European public/private partnership for intelligent transport systems.

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Martin Howell, Director of External Affairs, Cubic Transportation Systems (Photo: Business Wire)

MaaS is a transportation vision for packaging demand-based transportation services, including public transport, car-sharing, rental cars, taxis and bike-sharing, onto a single platform with one payment account for users. Customers pay for what they use through a provider’s subscription service and are billed one invoice per month – similar to how utility or mobile phone services are managed today. Trials in Finland and Sweden have been well received, leading to further development by the MaaS Alliance in Europe, with the potential to extend to other global regions.

Among the benefits of MaaS is it could be significantly cheaper for a user when compared to owning a private vehicle, which has the cumulative costs of finance, insurance, maintenance, parking and more. MaaS also has the potential to remove millions of private vehicles from congested freeways, lessening pollution and other environmental impacts.

“Urban mobility faces not only pressure but opportunity, where revolutionary change is necessary if we are to face the challenges of population growth and limitations on infrastructure in our cities,” said Howell. “I am extremely excited to play a part in making MaaS a reality in Europe and look forward to working with the board to achieve this vision.”

“We are delighted to welcome Martin to the board of directors. He brings a range of experience and knowledge from his career at Cubic and shares the enthusiasm we all feel for making MaaS a reality in Europe,” said Rasmus Lindholm, ERTICO director of communications and partnership development.

More than 20 organizations joined forces to create the MaaS Alliance, including universities, European ITS organizations, public authorities and industry.

About Cubic Corporation

Cubic Corporation designs, integrates and operates systems, products and services focused in the transportation, defense training and secure communications markets. As the parent company of two major business units, Cubic’s mission is to increase situational awareness and understanding for customers worldwide. 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 realistic combat training systems, secure communications and networking and highly specialized support services for military and security forces of the U.S. and allied nations. For more information about Cubic, please visit the company's website at www.cubic.com or on Twitter @CubicCorp.

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