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SINGAPORE, 5 August 2004 — Singapore Technologies Electronics Limited (ST Electronics), today announced it has won another contract for Taipei’s MRT/MCT (Medium Capacity Transit) system. This latest contract, of approximately S$61.4 million, from the Alstom Transport S.A. and CTCI Corporation (Alstom/CTCI) consortium, is to provide a communications system for the Taipei Orange (Hsinchuang/Luchou) and Blue (Nankang) Lines Eastern Extension and Tetra radio system for all of Taipei’s MRT/MCT Lines.
ST Electronics will design, supply, install and commission the entire communications system. This includes migrating the current analog radio system for the existing Taipei MRT/MCT Lines to the more advanced Tetra (digital) radio system. The new communications system for the two extension lines will be integrated to the existing systems at the current Operation Control Centre. This will provide essential communication among trains, stations, depots and the control centre and ensure a safe, efficient and reliable operation. The project is expected to be completed by 2012.
ST Electronics has an established presence in rail transportation solutions for two key cities in Taiwan, namely Taipei and Kaohsiung. In Taipei city, earlier contracts included the existing communications and analog radio systems for the Orange and Blue Lines.
ST Electronics was first awarded a rail contract for the Nankang/Panchiao Line in Taipei in 1993. This was followed by other contracts including one for the Tucheng Line in 2000 and another for the Blue Line in 2001 when Typhoon Nari incapacitated some stations of the Nankang/Panchiao Line. The company proved its ability to deliver quality rail solutions and two more contracts were awarded in late 2002 and early 2003 by the Kaohsiung Rapid Transit Corporation for the Kaohsiung MRT Red and Orange Lines in the Kaohsiung Metropolitan Area.
“Having provided various rail solutions in Taiwan since 1993, we are certainly pleased to further participate in this latest project for the extension of Taipei’s rail system which will serve the city’s commuters and further enhance Taipei as a strong and reputable business hub. This latest contract allows us to further serve the Taiwanese transportation industry and strengthen our position as a leading provider of integrated solutions for rail transportation systems in the region, including China, the Philippines and Singapore."
~ SEAH Moon Ming,
President, ST Electronics
ST Electronics has been making its mark as a regional rail transportation player. Besides Taiwan, it was involved in providing rail systems solutions in Singapore, the Philippines and China. In Singapore, the company provided several rail solutions for the North-South, East-West, Circle and North-East MRT Lines, as well as the Sengkang and Punggol LRT (Light Rail Transit) Lines.
In the Philippines, the Company provided telecommunications, automatic fare collection (AFC) system, supervisory control and data acquisition system and management information systems. Its latest rail success is an AFC System for the Guangzhou MRT Line 4 and an on-train communications system for the city’s Line 3.
ST Electronics is the electronics arm of Singapore Technologies Engineering Ltd. The contract award 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.
ST Electronics 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.
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$2.82 billion in FY2003. Its market capitalisation of about S$6 billion ranks it among the ten largest companies listed on the Singapore Exchange. ST Engineering has 12,000 employees worldwide, and over 100 subsidiaries in 15 countries and 22 cities.
AVP / Head, Corporate Communications
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