SAN DIEGO, June 5, 2019 /PRNewswire/ — Cubic Corporation (CUB) today announced that its Cubic Transportation Systems (CTS) business division will showcase a range of innovative and scalable Trafficware and GRIDSMART capabilities at ITS America 2019. Taking place June 4-7 in Washington, D.C., ITS America highlights seamless mobility around the movement of people, data and freight.  

Currently, four eco-counters are used to allow the county to obtain cyclist trends over time. Gridsmart technology has also been installed and can be used as pedestrian automated counting equipment.

The news that GRIDSMART Technologies, Inc had been acquired by the Cubic Corporation was perhaps the first ITS big news story of 2019. The usual questions were soon doing the rounds: What does it mean for GRIDSMART? Will the name disappear?

Knoxville-founded GRIDSMART Technologies has been acquired by Cubic Corp. for $87 million in cash. GRIDSMART co-founder and CEO Bill Malkes said production of its traffic management technology will stay in Knoxville, as will its 50 local jobs. The deal closed Jan. 2.

The announced plans for an $87 million purchase of Gridsmart, a congestion sensor and algorithm company, is well-suited for Cubic’s NextCity strategy, according to a Raymond James analyst.