Cubic Named One of the Fastest Growing Technology Companies in New Zealand

Cubic Defence New Zealand listed among ‘Top Ten Companies to Watch’ by Technology Investment Network

SAN DIEGO – September 29, 2015 – Cubic Global Defense (CGD), a business unit of Cubic Corporation (NYSE: CUB), today announced that Cubic Defence New Zealand was recognized as one of 2015’s ‘Ten Companies to Watch’ by Technology Investment Network (TIN), the publisher of the TIN100 Report in New Zealand. The TIN100 Report tracks the performance of New Zealand’s two hundred largest technology exporters in the fields of high-tech manufacturing, Information and Communication Technology (ICT) and biotechnology.

The TIN100 ‘Ten Companies to Watch’ recognizes companies that achieved the highest dollar value increase in revenue during the past fiscal year as well as a minimum growth of five percent. The ‘Ten Companies to Watch’ and the ‘Ten Hot Emerging Companies’ were the fastest growing companies in the report, with the larger companies in the ‘Ten Companies to Watch’ list (TIN100: Revenues $1B to $14M NZD) showing a group growth of $378 Million NZD (+12.5 percent).

“Cubic Defence New Zealand develops advanced training solutions that enable our customers to achieve superior training outcomes. Our growth reflects the efforts we make to build strong relationships that deliver value through trust, collaboration and innovative solutions,” said Eric Stierna, director of Cubic Defence New Zealand. “We would like to recognize New Zealand Trade and Enterprise as well as Callaghan Innovation for their support, guidance and the Callaghan R&D Growth Grant, which have contributed significantly to Cubic Defence New Zealand’s ability to transform our culture, grow our company and deliver innovative products to our customers.”

The TIN100 is an industry report sponsored by Callaghan Innovation and New Zealand Trade and Enterprise. Its purpose is to promote high tech company development in New Zealand. The eleventh edition of the 2015 TIN100 Report will be released in October and will contain exclusive trend data and content showcasing New Zealand’s top technology exporters.

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