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Singapore, 25 February 2005 — Singapore Technologies Electronics Limited (ST Electronics), today announced that it has won a S$10.5 million contract to supply Platform Screen Doors (PSD) for Taipei’s Mucha Extension (Neihu) Line in Taiwan. The contract was awarded to ST Electronics’ wholly-owned subsidiary, ST Electronics (Taiwan) Ltd (ST Electronics Taiwan). ST Electronics is the electronics arm of Singapore Technologies Engineering Ltd (ST Engineering).
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 Taiwan will design, supply, install and commission the platform screen doors for the 12-station Neihu Line for final delivery to the Department of Rapid Transit System by the third quarter of 2009. The contract was awarded by Bombardier, which is responsible for the electrical and mechanical systems including rolling stock, signaling, telecommunications, power supply, operation control centre and work-shop equipment for the Neihu Line.
ST Electronics has an established a strong presence in rail transportation solutions in Taipei and Kaohsiung. In Taipei, it had earlier won contracts for the Orange and Blue Lines, the Nankang/Panchiao Line, the Tucheng Line. In Kaohsiung, ST Electronics was awarded two contracts 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.
"As Taiwan continues to develop its infrastructure and transportation systems to grow as a business hub, ST Electronics is pleased to be a part of this growth. Our rail transportation electronics solutions that range from communications to automatic fare collection systems, information systems and platform screen doors have been used in various countries including China, Philippines and Singapore. This latest contract award reflects the industry’s confidence in the quality of our systems and solutions." ~ SEAH Moon Ming |
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.
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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