CUB - Cubic's GRIDSMART Launches Version 19.10

Cubic Corporation (NYSE: CUB) today announced its Cubic Transportation Systems (CTS) business division released version 19.10 of its GRIDSMART System. Available for download today, version 19.10 delivers safety features for all vulnerable road users without charging a premium. Version 19.10 deploys pedestrian and cyclist safety features in the base GRIDSMART System, empowering all communities to protect vulnerable road users without additional fees. GRIDSMART is a complete omnidirectional-imaging, real-time computer vision product, comprising hardware and software, that works with the traffic controller to actuate intersections for cars and bikes and to provide rich intersection performance data.

“Previously, both pedestrian zones and bikes-in-the-box were only available at an added cost, but our commitment to ‘Improve One Billion Lives Through Intelligence’ made us re-examine this premium,” said Jeff Price, vice president and general manager of GRIDSMART, Cubic ITS. “GRIDSMART is the chosen video detection system in 1,200 communities worldwide and we believe all communities deserve the right to protect their citizens, regardless of budget.”

GRIDSMART uses its fisheye Bell Camera, along with real-time computer vision tracking and deep neural net classification, to track and discriminate bicyclists from other road users as they pass into and through intersections. The system provides improved safety for bicyclists while simultaneously improving intersection efficiency for multimodal traffic.

GRIDSMART introduced pedestrian zones several years ago, allowing cities to extend green time for slower pedestrians in the crosswalk. In 2019, GRIDSMART version 19.3 delivered an entirely new way to manage bicyclists at signalized intersections. The system tracks cyclists as they travel through the intersection, providing the correct amount of green time for individuals based on their chosen path and speed.

The GRIDSMART System exists to improve safety and efficiency in intersections worldwide. Many streets are designed to accommodate drivers in cars, leaving pedestrians and cyclists vulnerable without dedicated bike lanes or proper signal times. Despite the data showing that cyclists and cyclist fatalities continue to increase in numbers, cities may not know there are cost-effective solutions to reduce unnecessary fatalities. The new safety features of GRIDSMART version 19.10 can result in fewer accidents at the intersection, improving safety for all communities.

About Cubic Corporation

Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR and training customers worldwide to decrease urban congestion and improve the militaries’ effectiveness and operational readiness. Our teams innovate to make a positive difference in people’s lives. We simplify their daily journeys. We promote mission success and safety for those who serve their nation. For more information about Cubic, please visit www.cubic.com or on Twitter @CubicCorp.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200130005236/en/