Archive News in Year 2008

December 2008

ST Electronics Wins S$86m Integrated Resort Contracts

Singapore, 29 December 2008 — Singapore Technologies Electronics Limited (ST Electronics) today announced that it has been awarded contracts worth about S$86m to provide an Integrated Security System, an IT Infrastructure System and a Carpark Guidance & Payment System to Resorts World at Sentosa (RWS) on Sentosa.  The contracts were awarded through ST Electronics’ subsidiary, ST Electronics (Info-Comm Systems) Pte. Ltd. ST Electronics is the electronics arm of ST Engineering.

These contracts are 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.

The award of the contracts marks a milestone for ST Electronics as it is the company’s first major win from an Integrated Resort.  Work begins immediately and ST Electronics will deliver the systems for RWS on Sentosa over the next 24 months. It will provide project management, system integration, site management and test and commission the three systems - Integrated Security System, IT Infrastructure System and Carpark Guidance & Payment System.

The Integrated Security System will provide integrated surveillance and video monitoring of RWS’ facilities and attractions, including its casino, as well as Universal Studios Singapore.  The centrally managed system will ensure that daily security operations progress seamlessly and efficiently.

The IT Infrastructure System will comprise the network infrastructure system, the structured cabling system and the building of data centres to support the data, video and audio transmission requirements of RWS.

The Carpark Guidance and Payment System will provide guidance information and direct vehicles to vacant lots based on a zonal approach. This system is coupled with an electronic payment system to handle carpark fee collections.

The security and efficiency that will result from this system provided by ST Electronics will be translated to enhancing the guest experience when Resorts World at Sentosa opens to 15 million visitors in its first year of operations.

Michael CHIN
Executive Vice President, Projects, Resorts World at Sentosa

As a leading solutions provider in integrated security systems and infrastructure, we are delighted to win this series of contracts that brings together our proven technologies, related services and expertise to benefit Resorts World at Sentosa (RWS), a world-class Singapore Integrated Resort. These comprehensive systems will provide a safe and secure environment that will make RWS a great place for entertainment, edutainment and leisure.

SEAH Moon Ming
President, ST Electronics

ST Electronics has significant expertise in intelligent building management and security solutions. Some of its projects include the Dubai Festival City; Thai Airways Security Centre; Beijing’s Capital Museum, Singapore Management University and Capital Tower.

ST Electronics’ carpark management systems is currently implemented in the Esplanade, Plaza Singapura, Tampines Mall, CapitaMall Trust, IMM and Bugis Junction. It has also established large-scale info-communication network for the Maldives Government and the Singapore Prison Service’s Changi Prison Complex Cluster B.

Group Ends 2008 with Record High Order Book

With this deal and various other contracts secured in the fourth quarter of this year, despite an unprecedented very challenging second half 2008, our order book as at end 2008 will exceed $10b which is an all time high. This puts ST Engineering in good stead moving forward.

4Q2008 saw various milestone wins for ST Engineering. Of significance is the order from UK Ministry of Defence to deliver more than 100 Broncos. This is the first time we have sold our military vehicles to an established armed forces that is currently in combat missions. It speaks volume of our capabilities in developing products that meet the requirements of an experienced armed forces. In addition, the Fast Missile Craft and Landing Platform Dock contracts form our largest defence exports todate for our Marine sector.

These deals are significant in positioning ST Engineering in the defence market place. These orders augment our reputation and credibility as a key defence industry player and will increase our opportunities in defence exports.

TAN Pheng Hock
President and CEO, ST Engineering

ST Electronics (Info-Comm Systems) is a wholly-owned subsidiary of Singapore Technologies Electronics Limited. It is a leading solutions house in the Asia Pacific region for infocommunications, advanced electronics and intelligent transportation businesses. From design and development to production, system integration, maintenance and enhancement, it has become a one-stop solutions house and a strong partner for its commercial, government, defence and homeland security customers worldwide. Its core business areas include emergency response and integrated security & surveillance systems, e-Government infocommunication and enterprise solutions, intelligent traffic and advanced fleet management systems, infocommunication security products and solutions, and managed operations services.

ST Electronics, the electronics arm of ST Engineering, delivers innovative system solutions to government, commercial, defence, and industrial customers worldwide.  With presence in more than 18 countries and 28 cities, ST Electronics markets its solutions to more than 70 countries internationally.  It specialises in the design, development and integration of advanced electronics and communications systems, such as broadband radio frequency and satellite communication, e-Government solutions, information communications technologies and IT, rail and traffic management, real-time command and control, modelling and simulation, interactive digital media, intelligent building management and information security.  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 revenue of $5.05b in FY2007 and ranks among the largest companies listed on the Singapore Exchange.  ST Engineering has more than 19,000 employees worldwide, and over 100 subsidiaries and associated companies in 24 countries and 42 cities.  Please visit www.stengg.com.

Media contact:

Magdalen Loh
AVP/Head Corporate Communications
ST Electronics
Phone: 65-6413 1788
Fax: 65-6484 8840
Email: magloh@stee.stengg.com