Cubic Global Tracking Solutions and arviem AG Form Strategic Partnership for Global Cargo Monitoring Services
SAN DIEGO, Calif. – January 27, 2014 – Cubic Global Tracking Solutions , a subsidiary of Cubic Corporation (NYSE: CUB) announced today it has entered into a five year leasing agreement and strategic partnership with leading cargo monitoring service provider, arviem AG of Switzerland. The agreement is valued at more than $3.2 million to supply container tracking and monitoring equipment for arviem AG’s Global Cargo Monitoring Service. “arviem AG will be using Cubic’s Global Sentinel® products and technology to monitor 30,000 shipments each year, and provides invaluable intelligence to customers as their cargo navigates the uncertainties of today’s logistics supply chain.” said Jim Kilfeather, vice president of Cubic Global Tracking Solutions. “arviem will also be entering into a strategic partnership with Cubic to develop advanced cargo monitoring capabilities based on our technology platforms which will further enhance the value proposition and service o...