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http://www.stee.stengg.com/2005/newsrm/2005/prt-02-05.htm
Singapore, 28 February 2005 — CET Technologies Pte
Ltd (CET), a wholly-owned subsidiary of Singapore Technologies Electronics
Limited (ST Electronics) has been awarded a US$5.3 million (approximately S$8.7
million) contract by the Ministry of Communication, Science & Technology
of Maldives. CET is to provide an information network that will connect Maldives’ government
and related agencies in Malé and 23 other islands. ST Electronics is
the electronics arm of Singapore Technologies Engineering Ltd (ST Engineering).
The award of this contract is not expected to have any material impact on the
consolidated net tangible assets per share and earnings per share of ST Engineering
for the current financial year.
To be completed in 2006, the new Maldives Government network will enable government
agencies to share their information electronically. The network will also provide
access to common applications and services, as well as allow the public to access
government information and services through the Internet, and other services.
Other organisations linked by the network across the 23 islands will include
schools, hospitals, justice courts, police and offices. This initiative is in
line with the Maldives Government’s pursuit of making the government agencies
more efficient and transparent, while delivering public services to its people
using state-of-the-art infocommunication technologies.
CET will design, integrate and implement the infocommunication network by installing
a Metropolitan Area Network built over ethernet and Digital Subscriber Line
(DSL) technologies; a National Satellite Network for connection of islands;
the distribution networks for the connection of sites within the islands;
and a common network infrastructure for the hosting of Government applications
and secured access to Internet.
"This is a significant milestone for ST Electronics and CET as it marks the companies’ entry into the Maldives market. We are delighted to be involved in setting up such a large-scale network across the 23 Maldives islands for its Government and its people. We will deliver a leading edge infocommunication network for Maldives. The new structure will assist the Government to effectively deliver a comprehensive suite of services that will provide the citizens with more timely response to their needs." ~ SEAH Moon Ming |
About CET
CET is a subsidiary of ST Electronics. CET has, over the past two decades,
built up extensive experience and skills as a leading solution house in the
Asia Pacific region for communications, electronics and intelligent transportation
businesses. It has vertically integrated the processes of design development,
production, system integration, maintenance and system enhancement to be
a one-stop solution house for its customers. Its core business expertise
includes mobile solutions and infocomm appliances, intelligent traffic and
fleet management systems, integrated communications solutions, radio and
radio frequency tagging systems, mobile track & trace systems, as well
as infosecurity products and solutions. Please visit www.cet.st.com.sg.
ST Electronics, the electronics arm of ST Engineering, delivers innovative system solutions to defence, commercial and industrial customers worldwide. It specialises in the design, development and integration of advanced electronics systems, such as broadband RF & microwave communication, rail & traffic management, real-time command & control, training & simulation, intelligent building management, and information security and m-commerce solutions. ST Electronics applies leading edge technologies and design methodologies to meet the stringent requirements of customised electronics systems and solutions. It undertakes continuing research and development to help create cost-effective proprietary products at system and component levels providing quality solutions to customers. Please visit www.stee.stengg.com.
ST Engineering is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenues of S$2.95 billion in FY2004. Its market capitalisation of about S$7 billion ranks it among the largest companies listed on the Singapore Exchange. ST Engineering has 12,000 employees worldwide, and over 100 subsidiaries and associated companies in 15 countries and 22 cities. Please visit www.stengg.com.
Media Contact:
Magdalen Loh
AVP / Head, Corporate Communications
Singapore Technologies Electronics Limited
Tel: (65) 64131788
Fax: (65) 64848840
Email: magloh@stee.stengg.com
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