Cubic Appoints Claus Klitholm to Head Cubic’s Nordic Office

SAN DIEGO, April 22, 2004 - Cubic Transportation Systems Ltd (CTSL), a subsidiary of U.S.-based Cubic Corporation (CUB:AMEX), announced that Claus Klitholm has been appointed as managing director for Cubic Nordic. Klitholm’s new position will take effect on August 1, 2004.
“We’re delighted that Claus is joining Cubic”, said Nigel Bryant, managing director, CTSL. “He brings energy and experience and will lead the drive to build on the exciting business opportunities here in Scandinavia.”

Klitholm’s work experience includes almost three years as managing director of Lokalbanen A/S, a train operating company that operates five regional lines in Greater Copenhagen. Klitholm, 40, is an experienced senior project manager who brings quality and environmental management skills to his new role. The experience comes from working in transport and engineering, all the more vital to Cubic as the company prepares to bid on a tender for a new system that will link all of Denmark’s rail and bus operations to a “smart” national travel card.

A Danish national, Klitholm will be based at Cubic Nordic’s Copenhagen offices. He speaks fluent English and holds an MSc and an MBA.

About Cubic

cubic_corp.jpgCubic Transportation Systems, Inc. is the world’s leading turnkey solution provider of automated fare collection systems for public transport including bus, bus rapid transit, light rail, commuter rail, heavy rail, ferry and parking. Cubic’s solutions and services include system design, central computer systems, equipment design and manufacturing, device-level software, integration, test, installation, warranty, maintenance, computer hosting services, call centre services, card management and distribution services, financial clearing and settlement, multi-application support and outsourcing services. Cubic has approximately 5,000 employees worldwide. Cubic Nordic is headquartered in Glostrup, Denmark with 40 employees.

Every year, nearly 10 billion rides are taken worldwide using Cubic fare collection systems, delivered in 40 major markets on 5 continents. Active projects include London, New York / New Jersey region, Washington, D.C. / Baltimore / Virginia region; Los Angeles region; San Diego region; San Francisco; Minneapolis/St. Paul; Chicago; Houston; Atlanta; South Florida; Vancouver and Edmonton, Canada; Brisbane, Australia; Singapore; Bangkok, Thailand; and Scandinavia.

The corporation’s other major segment, Cubic Defense Applications, provides realistic combat training systems for military forces as well as simulation, force modernization, educational services, operations & maintenance and manufacturing services. The group also supplies products and systems for C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance & Reconnaissance) applications, search and rescue avionics and radio communications for military and civil markets.
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