Cubic Recognized as One of the Fastest Growing Technology Companies in New Zealand for Second Consecutive Year
01 November 2016 - 10:00PM
Business Wire
Cubic Defence New Zealand ranked six among ‘Ten
Companies to Watch’ by Technology Investment Network
Cubic Global Defense (CGD), a business unit of Cubic Corporation
(NYSE: CUB), today announced that Cubic Defence New Zealand (CDNZ)
was named one of ‘Ten Companies to Watch’ with the largest revenue
growth in 2016 by Technology Investment Network (TIN), the
publisher of the TIN100 Report in New Zealand. The TIN100 Report
tracks the performance of New Zealand’s 200 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. CDNZ
reported an annual growth of $29 million NZD from 2015, totaling
2016 revenue of $103 million NZD.
CDNZ develops world-class, customized training solutions that
enable defense customers to achieve performance-based training
outcomes. The company grew in size by 20 percent and significantly
expanded the technical breadth of its training solutions in
2016.
“CDNZ’s strong revenue growth this year reflects our company’s
ability to win large and demanding defense customers with
innovative solutions of increasing scale and sophistication,” said
Eric Stierna, general manager of Cubic Defence New Zealand. “We are
proud to be part of New Zealand’s fast growing technology sector
and would like to thank Callaghan Innovation for their ongoing
support through the R&D Growth Grant.”
The TIN100 is an industry report sponsored by Callaghan
Innovation, New Zealand Trade and Enterprise, EY and AJ Park. The
TIN100 Report is a critical reference for benchmarking the
performance of New Zealand’s 200 largest globally focused
technology companies. The twelfth edition of the TIN100 Report is
now available at www.tin100.com and contains exclusive trend data
and content showcasing New Zealand’s top ten and most promising
companies in various categories.
About Cubic Corporation
Cubic Corporation designs, integrates and operates systems,
products and services focused in the transportation, defense
training and secure communications markets. 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 live, virtual, constructive and game-based
training solutions, special operations and intelligence for the
U.S. and allied forces. Cubic Mission Solutions provides networked
Command, Control, Communications, Computers, Intelligence,
Surveillance and Reconnaissance (C4ISR) capabilities for defense,
intelligence, security and commercial missions. For more
information about Cubic, please visit the company's website at
www.cubic.com or on Twitter @CubicCorp.
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Cubic CorporationLaura ChonCorporate Communications+1
858-505-2181laura.chon@cubic.com
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