Latest News

October 2007

ST Electronics Wins S$15m Bangladesh Bank Project

Singapore, 25 October 2007 — Singapore Technologies Electronics Limited (ST Electronics), through its wholly-owned subsidiary, ST Electronics (Info-Software Systems) Pte Ltd, has won a project worth about S$15m to provide a local and wide area network infrastructure and system for Bangladesh Bank.  Bangladesh Bank is currently implementing the Central Bank Strengthening Project with financial assistance from the World Bank. 

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 supply and implement the local and wide area network infrastructure for the bank over a period of 12 months, beginning November this year.  The project will also require ST Electronics to train the bank’s staff on usage and maintain the infrastructure and network systems for a period of six years. ST Electronics had competed successfully against international players to win this contract. This is the first World Bank project for ST Electronics.

The wide area network will connect ten locations in Bangladesh’s major cities and will form the backbone of the Central Bank’s upcoming administrative and financial applications. Various subsystems like power generators, cooling and humidity control, physical access, fire protection and camera surveillance will also be deployed to safeguard the critical infrastructure and network systems of the Central Bank for optimal business operating environment.

Riding on our e-Government and e-Enterprise Service Transformation thrust, ST Electronics provides robust computer and networking infrastructure and solutions, ensuring that our customers are empowered to deliver more efficient services to their clients. Our reliable and proven e-Government solutions are used internationally from Singapore to Hong Kong and from Africa to Maldives. We are pleased that we have now also established a presence in Bangladesh.

SEAH Moon Ming,
President, ST Electronics

ST Electronics (Info-Software Systems), has 20 years of experience in designing, implementing and supporting mission critical command, control and intelligence (C2I) systems including C2 simulation. Using its Common Application Platform (CAP) and dual use technology, it delivers homeland security systems and e-Government services and solutions. Its e-Government implementations comprise managed services and turnkey solutions. Based on its Service Transformation™ framework, the company delivers premier quality solutions and services, in turn enabling its customers to better serve their customers.

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 and communications systems, such as broadband radio frequency and satellite communication, e-Government solutions, information communications technologies and IT, 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 $4.49b in FY2006.  With a market capitalisation of over $11b, it ranks among the largest companies listed on the Singapore Exchange.  ST Engineering has more than 18,000 employees worldwide, and over 100 subsidiaries and associated companies in 20 countries and 35 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