Latest News

June 2006

ST Electronics' Subsidiary Wins Electro-Optics Project
For Police Coast Guard Vessels

Singapore, 28 June 2006 — Singapore Technologies Electronics Limited (ST Electronics) has, through its subsidiary, STELOP Pte Ltd (STELOP), been awarded a $11.8m contract by the Ministry of Home Affairs for supply of electro-optics (EO) payloads on Police Coast Guard vessels. ST Electronics is the electronics arm of Singapore Technologies Engineering Ltd (ST Engineering).

This 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.

STELOP will provide and install the EO payloads on Police Coast Guard patrol vessels. The EO payload is a stabilised and multi-sensor surveillance and observation system with day camera, infrared camera for night use and laser range finder. This system will aid patrol crafts' surveillance of waters around Singapore and facilitate search and identification of intruders day and night. The contract will commence in 2007 and be completed by 2009.

Governments and industries are continually responding to the need to enhance homeland security and other security measures. ST Electronics is a leading technology provider of homeland security and information security solutions, having won a number of security contracts in the region. We will continue to meet the challenges posed by the growing demands of this market.

SEAH Moon Ming
President, ST Electronics

STELOP's expertise in electro-optics and thermal imaging solutions have been extensively used by homeland security customers. The company is able to deliver quick and suitable solutions to meet the needs of security-conscious users. We are confident that our solutions will help the Police Coastguard in making the shores of Singapore more secure.

Jeremy FOO,
General Manager, STELOP

ST Electronics has implemented a number of homeland security solutions over the years. This includes a Harbour Craft Transponder System for the Maritime Port Authority (MPA) used for the identification and monitoring of all licensed harbour and pleasure craft by MPA and security agencies. Together with the Ministry of Transport, ST Electronics will also develop an information network system to support communications and information exchange among the 16 participating governments of ReCAAP (Regional Cooperation Agreement On Combating Piracy And Armed Robbery Against Ships In Asia) to fight piracy and robbery at sea in the Straits of Malacca and Singapore.

STELOP (formerly known as Chartered Electro-Optics Pte Ltd) is a subsidiary and the electro-optics (EO) arm of Singapore Technologies Electronics. STELOP is a joint-venture between ST Electronics (50.05%) and Electro Optics International B.V.(49.95%). It was established in 1994 and has become a leading EO application solutions provider in the local and regional markets. STELOP's technical capabilities in EO technologies are used in applications such as thermal imaging, long-range surveillance, range finders, thermal vision for fire fighters and night security surveillance for petrochemical complexes. With a wide spectrum of designing and engineering capabilities, STELOP integrates, manufactures, maintains and provides comprehensive EO solutions and systems. Please visit www.stelop.com

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, 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 $3.34b in FY2005. Its market capitalisation of over $8b ranks it among the largest companies listed on the Singapore Exchange. ST Engineering has about 16,000 employees worldwide, and over 100 subsidiaries in 17 countries and 29 cities. Please visit www.stengg.com

Media contact:

Magdalen Loh
AVP / Head, Corporate Communications
Singapore Technologies Electronics Limited
Tel: (65) 6413 1788 / 9822 3321
Fax: (65) 6484 8840
Email: magloh@stee.stengg.com