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July 2007

ST Electronics’ US Satcom Company, Idirect, Selected By China’s CrossSat Telecom Technology Co. Ltd To Provide IP Broadband Services To Oil And Gas Industry

Contract valued at around US$500,000 expands iDirect’s presence in China, strengthens position in global oil and gas industry

Singapore, 30 July 2007 — Singapore Technologies Electronics Limited’s (ST Electronics) US satellite communication company, iDirect Inc. (iDirect) today announced a contract win valued at around US$500,000 from CrossSat Telecom Technology Co. Ltd. (CrossSat), a major independent oil and gas exploration group based in China. CrossSat has purchased an iDirect iNFINITI universal 5IF satellite hub and 60 iDirect remote satellite routers to create a global IP network supporting both Ku and C satellite bands. ST Electronics is the electronics arm of Singapore Technologies Engineering Ltd (ST Engineering).

CrossSat will provide satellite connectivity to multiple Chinese oil and gas companies, whose operations span China, the Middle East, Europe and Africa. The CrossSat network will support seismic exploration and drilling applications on both terrestrial and offshore drilling platforms. Initial customers include the China National Petroleum Corp. (CNPC), the nation’s largest oil and gas company.

The contract increases iDirect’s presence in China and bolsters its position as a leader in the oil and gas industry worldwide.

With iDirect’s technology, CrossSat can leverage a single platform to connect to multiple satellites and support any satellite band. This greatly expands the market that we can serve and enables us to meet the diverse needs of the oil and gas industry in China and around the world.

YU Sun
Chief Executive Officer, CrossSat

As the need for communications grows many network operations look toward satellite bandwidth that can deliver increased data throughput to optimise their investment. iDirect offers the solutions that will meet the demand for more efficient and effective communications allowing users like CrossSat to benefit from global IP network and better serve its business expansion.

SEAH Moon Ming
Co-Chairman, iDirect Inc & President ST Electronics

This contract represents iDirect’s second major hub installation in China. Last month, it announced a contract with PetroChina’s Bureau of Geophysics (BGP) Oil/Gas Exploration Group, a division of CNPC. iDirect is currently the satellite platform of choice in the global oil and gas industry. These two recent contracts indicate that network operators in oil and gas market in China are recognising and adopting iDirect’s technology.

iDirect Inc., designs, develops, and markets satellite-based broadband access solutions targeted at the enterprise, government, carrier and educational sectors that have the need for fast, flexible, and geographically dispersed two-way internet/intranet access. The company has developed technology solutions that combine high performance, worldwide availability, ease of installation, high reliability, and low cost to end customers. In addition, iDirect solutions offer unprecedented efficiencies, increased revenue opportunities and higher per customer gross margins to satellite network operators. iDirect was awarded the 2005 World Teleport Association Teleport Technology of the year, the Innovation & Technology of the Year by The ISCe Advisory Board, and named number one in the Deloitte & Touche Virginia Technology Fast 50 list of the fastest-growing U.S. technology companies. iDirect operates its corporate headquarters in Herndon, Virginia and has regional offices in Europe, Asia, and covering Latin America. Additional information is available on the company website at www.idirect.net.

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 & control, training and simulation, intelligent building management, information security solutions and managed services. 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 and associated companies in 20 countries and 35 cities. Please visit www.stengg.com.

Media contact:

Sharolyn Choy
VP/Director, Corporate Communications
Singapore Technologies Engineering Ltd
Tel: (65) 6722 1883
Fax: (65) 6720 2293
Email: sharolynchoy@stengg.com

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