The dark pool indicator alerted in CUB stock on July 2, 2020. This was unusual dark pool activity in the stock.
Make sure to review the lesson on dark pool indicators so that you understand the chart above and what is going on.
On June 30, 2020, Cubic Corporation (NYSE:CUB) announced its Cubic Transportation Systems (CTS) business division, the world’s leading fare collection solution provider, is expanding its partnership with Moovit – an Intel company, a leading Mobility-as-a-Service (MaaS) solutions company and the maker of the number one urban mobility app – to further co-develop mobile experiences that enable travelers to ‘look, book and pay’ for multi-modal journeys. This expansion follows the initial partnership announcement in January 2020 integrating Moovit’s MaaS APIs with Cubic’s Traveler app.
The two companies are now bringing their collaboration to Cubic’s advanced market-leading MaaS offerings for public transit agencies of any size. These solutions include Cubic’s account-based Urban Mobility Back Office; cloud-based ticketing solution, TouchPass; real-time passenger information system, NextBus; loyalty, incentive and advertising platform, Cubic Interactive; and Cubic’s MaaS Marketplace.
The extended partnership will leverage Cubic’s innovative mobile payment and fare collection technologies, and Moovit’s robust multi-modal journey planner to create a platform that offers travelers a seamless and frictionless mobile experience. This includes planning, ticketing and fare collection, step-by-step journey guidance and more. The platform is built to grow public transit ridership, reduce congestion and improve the travel experience, by also integrating real-time arrival information, digital engagement and incentives, and operator intelligence. The platform also includes robust customer communications tools, empowering agencies with the ability to communicate with their ridership via targeted in-app messages and push notifications.
The new solutions and platform will be made available to existing customers of Cubic and Moovit – enriching the user experience for both – and will also be promoted into new markets collaboratively.
“We are excited to further collaborate with Moovit in offering digital solutions that will redefine the future of urban mobility for travelers around the world,” said Jeff Lowinger, president of Cubic Transportation Systems. “As digital, mobile and platform technology continues to change the transportation landscape, we will deliver seamless, user-centric solutions that will improve the way travelers move through their cities.”
Enhancements will be made to Cubic’s mobile user experiences by leveraging Moovit’s urban mobility and transit data expertise combined with Cubic’s vehicle- and agency-generated real-time transportation data. Additionally, enhancements to Cubic’s TouchPass Fare Collection-as-a-Service digital platform will include an integrated look, book and pay functionality.
“Currently, the trip planning and payment process of public transportation is largely disjointed, resulting in rider confusion and uncertainty,” said Nir Erez, co-founder and CEO of Moovit. “Enabling people to plan and pay for mobility services – through one app – makes getting around much easier, and will help shift them from using private cars to public and shared transportation. We look forward to growing our partnership with Cubic and co-creating solutions to make transit frictionless for riders everywhere.”
On June 29, 2020, Cubic Corporation (NYSE:CUB) announced its Cubic Global Defense (CGD) business division has partnered with Carley Corporation and Northrop Grumman (NYSE: NOC) to pursue the U.S. Navy’s potential $93 million Indefinite Delivery/Indefinite Quantity (ID/IQ) contract for the design, development, testing and delivery of products in support of the Fiscal Year 2021 (FY21) Ready Relevant Learning (RRL) Content Conversion (CC) program.
The Cubic-led team will use innovative instructional systems design, systems engineering and training assessment approaches in conjunction with new and modernized technologies to support ratings-accession training while simultaneously supporting the broader Sailor 2025 (S2025) overarching goal of improving Sailors’ transfer of training to the operational work environment. The FY21 RRL CC program falls under the ‘Ready, Relevant Learning’ pillar of S2025, which focuses on learning continuums where training is delivered by modern methods to enable faster learning, more effective knowledge retention and delivery for Sailors.
“Cubic is proud of the substantial confidence the Navy has shown in our team through the multiple programs we execute every day in support of Sailor readiness,” said Mike Knowles, president of Cubic Global Defense. “We believe our team’s experience supporting the Fleet, our application of learning strategies and advanced content development tools will accelerate Sailor learning at the point of need. The team includes multiple small businesses and collectively, we have recent and relevant experience supporting all of the program’s cross-warfare ratings.”
The Navy’s S2025 program is designed to improve and modernize personnel management and training systems to effectively recruit, develop, manage, reward and retain future forces. The Navy issued the solicitation in June for the S2025 FY21 RRL CC contract, it is expected to be awarded in March 2021.
On June 22, 2020, Cubic Corporation (NYSE:CUB) announced its Cubic Transportation Systems (CTS) business division is partnering with InComm, a leading payments technology company, to provide a nationwide network of stored value reloads for transit agencies. Through this partnership, all transit agencies utilizing Cubic’s TouchPass solution will be able to leverage InComm’s retail network to establish a broad, fare product sales program in their service area that includes national and regional chain stores as well as local merchants, while avoiding all the headaches of creating, managing and servicing the program.
The integration of TouchPass with InComm’s retail network gives travelers the ability to use cash and other forms of payment to purchase stored value to pay for public transit at tens of thousands of retail locations throughout the United States. It will also give unbanked or underbanked transit riders the opportunity to take advantage of the full benefits of the TouchPass system, including fare capping, without the need for a credit or debit card.
“We are very pleased to collaborate with InComm to improve the operations of transit agencies of all sizes and in turn, create more convenient travel experiences for transit riders,” said Doug Thomas, product unit vice president, Cubic Transportation Systems. “The integration of InComm’s retail network further enhances our robust solution and gives agencies using TouchPass another convenient feature without requiring additional agency resources.”
Cubic’s TouchPass is a full-featured electronic fare collection solution provided as a service for transit agencies of every size. Built for online, real-time fare payment processing, TouchPass offers online and mobile transit account management and fare product purchasing as well as fare payments functions using a variety of fare media.
“The InComm retail network was designed to provide our clients and their customers with instant access to over 55,000 retail locations across the U.S.,” said Michael Herold, vice president of business development, InComm. “For public transportation agencies, it is an ideal way to supplement their Title VI inclusivity programs, ensuring broad, local and convenient access for passengers to add value to their TouchPass accounts.”
The integration of InComm’s retail network gives transit agencies the ability to offer more convenience for their cash-preferred travelers. By signing up to use the service, transit agencies can give passengers convenient access to locations near their homes and workplaces where they can add stored value to their transit accounts for use on public transportation.