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Latest NewsMay 2007ST Engineering’s Electronics Arm ST Electronics to supply Integrated Security System Singapore, 28 May 2007 — Singapore Technologies Engineering (ST Engineering) today announced that its electronics arm, Singapore Technologies Electronics Limited (ST Electronics) has won a contract worth approximately S$7.5m to provide Integrated Security System for Festival Waterfront Centre in Dubai Festival City (DFC). 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. ST Electronics will work closely with the Al-Futtaim Group, owner and developer of the DFC, to design, supply, deliver and install an Integrated Security System. This comprises Security Access Management, CCTV Surveillance and Digital Video Recording, Digital Locking, People Counting and Parking Guidance systems for Festival Waterfront Centre. The Integrated Security System will deploy state-of-the-art video surveillance technology, and is designed to identify security access breaches or threats and ascertain the level of security coverage required. The system not only maintains physical security within the buildings but also ensures the smooth integrated operations of the various sub-systems. Dubai Festival City, when completed in 2015, will be the largest privately funded real estate project in the Middle East with business, hospitality, residential and recreational facilities in one development. The latest, most innovative development undertaken by Al-Futtaim, it will cover 1,300 acres and stretch along 4km of the Dubai Creek shoreline. It will be equipped with facilities to meet the needs of millions of visitors and the 70,000 residents who will be living in 21,000 luxury units. This unique waterfront development is earmarked to become a globally renowned destination, offering an eclectic, world-class mix of entertainment, dining and shopping, with hotels, residences, offices and a marina. Festival City’s retail facilities are likely to be the main magnet for shoppers, residents and visitors. Festival Waterfront Centre and Festival Power Centre will provide 2.1 million square feet of floor space to cater to the most committed shoppers.
ST Electronics’ recent successes in the Middle East include a security consultancy in Qatar, Variable Messaging Systems (VMS) in Oman and VSAT hubs in various regions. It also provided building security systems for CCTV, fire protection and camera surveillance for Doha’s old Souq for the 2006 Asian Games. ST Electronics’ expertise and experience in offering turnkey integrated solutions for intelligent building management as well as e-Government, transportation and satellite communications solutions have successfully been deployed in a number of markets. Its solutions for security management are deployed in Singapore, China, Taiwan and other countries. Its rail solutions are deployed in Beijing, Guangzhou, Manila, Bangkok, Taipei, Kaohsiung and Singapore and it recently won a contract to provide Telecommunications, Supervisory Control and Data Acquisition (SCADA) and Automatic Fare Collection systems for the Marmaray Commuter Rail CR1 project in Istanbul, Turkey. ST Electronics’ i-Transport and traffic management solutions are currently used in Singapore and China. It continues to pursue e-Government and transportation projects in China, Europe and the Middle East as these regions continue to implement solutions to improve their infrastructure and city planning. Al-Futtaim Group operates collectively over 40 companies bearing the Al-Futtaim name and is the largest privately owned group in the UAE. It dominates many market segments in the UAE, and has expanded its sphere of operations to include Bahrain, Kuwait, Qatar, Oman and Egypt. The Group comprises a diverse range of strategically positioned operating subsidiaries and associated companies, structured to give Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. In addition to a diverse business portfolio which comprises automotive, electronics, retail, watches and jewellery, travel, construction, engineering, marketing communications, logistics, insurance and real estate, the Group has business interests in Pakistan and Europe. 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, realtime command and 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 $4.49b in FY2006. With a market capitalisation of over $10b, it ranks among the largest companies listed on the Singapore Exchange. ST Engineering has more than 17,000 employees worldwide, and over 100 subsidiaries in 20 countries and 35 cities. Please visit www.stengg.com. Media contact:Sharolyn Choy Magdalen Loh
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ST Electronics' partnership with the Al-Futtaim Group in providing a state-of-the-art security solution for this important complex heralds well for our products and solutions in the Middle East. This contract adds to our recent win of a MRT project in Turkey. We are delighted that our position in the Middle East is further reinforced as we continue to tap into the unprecedented business opportunities in the region.
SEAH Moon Ming,
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