Latest News

June 2008

ST Electronics Wins S$17.5m MRT Contract For Guangzhou Line 3 North Extension

Singapore, 5 June 2008 — Singapore Technologies Electronics Limited (ST Electronics), today announced that it has been awarded a contract worth RMB88.7m (approximately S$17.5m) to provide Automatic Fare Collection (AFC) systems for Guangzhou Metro Line 3 North Extension in Guangzhou, the capital city of Guangdong province in China.  This contract was secured through its subsidiary, ST Electronics-PCI Co Ltd.  This is ST Electronics’ fifth MRT project in Guangzhou.  The contract was awarded by Guangzhou Metro Corporation.
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.

Under the contract which is scheduled to begin in May 2008 and is expected to be completed by October 2010, ST Electronics will design, manufacture, commission and maintain the AFC system which includes two line central computers, 13 station computer systems, over 200 fare gates, ticket vending machines, booking office machines, ticket checking machines, ticket encoder/sorters and two million tokens. The AFC system will utilise contact-less smart cards for stored value tickets and contact-less smart tokens for single journey tickets. The system will cover 11 underground stations of Guangzhou Line 3 North Extension from Guangzhou East Station to New Airport North, making up a total of 30.7km.

I am delighted that ST Electronics has once again won the contract to provide Automatic Fare Collection (AFC) systems for Guangzhou Metro Line 3 North Extension in Guangzhou. We are proud to be part of the rapid growth of the metro transportation in the City of Guangzhou. We will continue to pursue infrastructure and transportation solutions in various major Chinese cities. ST Electronics’ ability to offer 3-in-1 rail solutions for Command, Control and Communications system, Automatic Fare Collection and Platform Screen Doors put us in a good position to compete internationally. Our success is built on the high quality of our system solutions that translate to a safe, efficient and effective means of rail transportation for our customers.

SEAH Moon Ming,
President, ST Electronics

ST Electronics’ first rail contract in China was for the Guangzhou Metro Line 4.  The first phase of the AFC system was commissioned in December 2005 and Phase 2 in 2006.  ST Electronics also provided an on-train communications system for Guangzhou Metro Line 3. ST Electronics was awarded a contract 2006 to provide an integrated traffic command centre system for the rapidly growing Beijing mass transit network. The TCC system, the first of its kind in China, will provide Beijing with the benefits of an efficient centralised network-based operation.

ST Electronics’ rail solutions are also deployed in Bangkok, Beijing, Guangzhou, Manila, Turkey and Singapore.  It recently won two contracts in Bangkok, to provide Digital Trunking Radio for Bangkok Transit System Silom Line Extension to S8 and Bangkok BTS 48-Car Project On Train PA System Procurement.

ST Electronics has provided systems and solutions for various projects in China.  These include Intelligent Building Systems (IBS), metro and transportation systems, VSAT products, city emergency response systems, and IT infrastructure and outsourcing services.  Some of its project successes in China include IBS for 21st Century Building and Sheraton Hotel; an Integrated Information platform for Beijing Traffic Control System; metro sub-systems for Guangzhou, Shenzhen and Nanjing; an emergency response system in Shenzhen; parking guidance systems and Intelligent Transport Systems for Suzhou and Chengdu.

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 $5.05b in FY2007.  With a market capitalisation of about $10b, it ranks among the largest companies listed on the Singapore Exchange.  ST Engineering has more than 18,000 employees worldwide, and over 100 subsidiaries in 21 countries and 35 cities. Please visit www.stengg.com.

Media contact:

Wendy Ong
Asst Manager, Corporate Communications
ST Electronics
Tel: (65) 6413 1881 / 9822 2733
Fax: (65) 6484 8840
Email: wendyong@stee.stengg.com