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Cubic Transportation Systems, Ltd. Rated One of UK`s 40 Safest Companies


SAN DIEGO, Feb 5, 2002 /PRNewswire-FirstCall via COMTEX/ -- Cubic
Transportation Systems, Ltd., part of San Diego based-Cubic Corporation (Amex:
CUB) has received the British Safety Council`s "Sword of Honour" for its
outstanding health, safety and environmental management systems. The honor, one
of the most sought after in the country`s health and safety industry, is for
companies that have implemented systems to help protect their people, equipment
and environment, increasing productivity and profitability.

"To be awarded the sword, CTSL had to demonstrate that we had a culture of
aiming for the best practices, promoted from the boardroom to the shop floor,"
said CTSL Group Safety Manager Ian Moncur. "It is indeed an honor to be
recognized for practices that we subscribe to in our daily course of doing all
we can to exceed our customers` expectations, particularly as we operate in
areas where safety is paramount, i.e., the railways."

To be eligible to apply for the Sword, a company or organization must receive
the Safety Council`s maximum five star health and safety management system audit
rating. Each year about 100 eligible companies are assessed regarding areas of
health and safety management including: business risk management, environment,
culture and behavior, measurement and control systems, management of health and
safety, occupational health, and information on accidents and incidents.

The responses are judged by an independent awards panel. Swords are awarded to
the top 40.

CTSL is part of Cubic Transportation Systems, Inc., the world`s largest supplier
and system integrator of integrated electronic ticketing systems with smart card
contracts for public transit systems in North America, Europe and Asia.

Every year, nearly 10 billion people use Cubic systems in more than 40 major
markets in cities on five continents, including London, Glasgow, Washington,
D.C., Hong Kong, Chicago, New York, Atlanta, San Francisco, Guangzhou, Shanghai,
Bangkok and Kuala Lumpur, Singapore, Sydney and Miami. As part of the TranSys
consortium, Cubic also is supplying the entire automated fare collection system
including smart cards for the London PRESTIGE project.

The corporation`s other major segment, the Cubic Defense Group, provides
instrumented air and ground combat training systems, battle command training
simulations, and simulation support for U.S. and allied military forces. The
Group also produces high technology avionics, data links and communications
products for government and commercial customers and provides a wide range of
technical and logistics services. For more information about Cubic, see the
company`s web site at www.cubic.com .
 
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