Cubic Defense Applications, a Defense Systems business unit of Cubic Corporation (NYSE: CUB), announced today it has acquired certain assets and foreign subsidiaries of Advanced Interactive Systems (AIS) through a bankruptcy auction. AIS is a leading supplier of live fire specialized range facilities, virtual simulation products, and engineering design and project management services for counter-terrorism, law enforcement, and traditional military forces worldwide.
AIS’s virtual simulation products, PRISim, addresses basic marksmanship, judgmental evaluation and “shoot don’t shoot” technologies that incorporate a wide range of customizable virtual simulation scenarios for use in classrooms or indoor live fire ranges. Additionally, AIS technology includes QuickRange, a customizable and modular solution for live fire and virtual training ranges. Internationally, the company’s design, construction and support capabilities are aimed at highly realistic and reusable live-fire law enforcement and counter-terrorism training.
“This acquisition diversifies our product offering and capitalizes on our existing international marketing channels,” said Dave Schmitz, president of Cubic Defense Systems, Inc. “AIS’s world class products will help Cubic expand its training footprint to target larger facility projects overseas and expand our product offerings for U.S. and Federal law enforcement.”
The company has operations in the United States, United Kingdom, Singapore and United Arab Emirates. The company’s largest customer base is concentrated in Asia Pacific and the Middle East.
Source: Cubic Corporation (NYSE: CUB)
Date: Jul 3, 2013