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Latest NewsMarch 2006ST Electronics Wins Beijing Mass Transit System ContractSingapore, 28 March 2006 — Singapore Technologies Electronics Limited (ST Electronics), the electronics arm of Singapore Technologies Engineering Ltd (ST Engineering), today announced it has won a mass transit system contract in Beijing, People’s Republic of China. The contract, worth approximately RMB 78.56 million (about S$15.90m) will provide an Integrated Traffic Command Centre System for the rapidly growing Beijing mass transit network. Awarded by Beijing Mass Transit Network Management & Support Company, the contract was won jointly with ST Electronics’ Chinese partners, TsingHua TongFang Co., Ltd and China Railway Electrification Bureau Group. ST Electronics' share of the contract is RMB 35 million (about S$7m). This is a significant contract win related to the Beijing Olympics. 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. Under this contract, the consortium will design, supply, install and commission a state-of-the-art traffic command centre (TCC) system to supervise the Beijing mass transit traffic network. The TCC system, the first of its kind in China, will provide Beijing with the benefits of an efficient centralised network-based operation. In coordination with metro entities, government departments and other agencies, Beijing Mass Transit Traffic Network will be able to supervise the daily operations, including emergency incidents efficiently, effectively and safely. This project is scheduled to begin at the end of March 2006 and the first phase of the TCC will be operational by August 2008, before the start of the Beijing Olympics. The contract is expected to be completed by end of 2011.
ST Electronics was awarded its first rail contract in China when it provided an automatic fare collection system for the GuangZhou Metro Line 4. The first phase was commissioned, and has been in operation, since December 2005 and Phase 2 is expected to be completed by end 2006. ST Electronics also provided an on-train communication system for GuangZhou Metro Line 3 which was successfully implemented in the first batch of trains with expected completion by end 2006. ST Electronics’ successes in China include intelligent building systems, systems integration and project management, VSAT products, services for ELVS (extra low voltage system) and transportation systems. Project successes in China include its tallest Jin Mao Building, International Lidu Garden condominium and Shanghai Raffles City Carpark Management System, Hangzhou Zhaohui Modern City and a traffic management system for Suzhou City. ST Electronics supplied and installed an anechoic chamber for China Electronics Technology Group Corporation 54th Research Institute in 2005 while Asia-Pacific An Xun in Beijing commissioned ST Electronics to supply in-vehicle equipment for its fleet of vehicles. ST Electronics’ rail solutions have been implemented in Asia and include AFC systems, control and communications systems, security and access control, platform screen doors, passenger information system and maintenance management system. Beijing Mass Transit Network Management & Support Company is wholly owned by the Beijing Infrastructure Investment Co., Ltd. The parent company is a state enterprise and its main business covers investment, financing and management of the municipal infrastructure (mainly rail). Beijing Mass Transit Network Management & Support Company was formed to construct both the Beijing mass transit traffic control centre and the mass transit automatic fare collection clearing centre. TsingHua TongFang Co., Ltd has established four major business lines including information technology, energy and environment, applied nuclear technology and biological medicine. The Information Technology is dedicated to the conception and development of new technology in field computer systems, and digital television to provide tailor made products for e-government, e-home, e-city, e-education and digital media. In terms of technological strength and market share, TsingHua TongFang is in a national leading position in the fields of computer products, digital television, e-education and information products for major industries. China Railway Electrification Bureau Group offers rail engineering and construction services for railway lines, bridges, as well as comprehensive solutions for tunnels and communications, signalling, power engineering and housing construction. It has been involved in electromechanical installation construction and railway electrification projects, electrical projects, road transportation projects, urban rail transportation, etc. The company enjoys a AAA bank credit grade and has won three national prizes for progress in science and technology and four prizes from the Grand Prix Zhan Tianyou civil engineering awards. ST Electronics, the electronics arm of ST Engineering, delivers innovative system solutions to government, commercial, defence, and industrial customers worldwide. It specialises in the design, development and integration of advanced electronics systems, such as broadband radio frequency and satellite communication, e-government solutions, information communications technologies, rail and traffic management, real-time command & control, training and simulation, digital media, intelligent building management, and information security and mobile commerce solutions. 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$3.34b in FY2005. Its market capitalisation of over S$8b ranks it among the largest companies listed on the Singapore Exchange. ST Engineering has about 16,000 employees worldwide, and over 100 subsidiaries and associated companies in 17 countries and 29 cities. Please visit www.stengg.com. Media contact:Magdalen Loh
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This is another major mass transit related contract secured by ST Electronics in China and attests to ST Electronics’ ability to design and deliver quality and safe rail solutions. This new contract has also strengthened the market’s acceptance of ST Electronics system solutions capabilities in China and we are privileged to be able to contribute to the building of the infrastructure for the Beijing Olympics in 2008.
SEAH Moon Ming,
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