Archive News in Year 2008

September 2008

ST Engineering’s Electronics Arm Wins S$112m Contract From Land Transport Authority

Singapore, 1 September 2008 — Singapore Technologies Electronics Limited (ST Electronics) today announced that it has won a S$112m contract from the Land Transport Authority of Singapore (LTA) for the supply of Half Height Platform Screen Doors (HHPSD) and its associated works for all existing elevated Mass Rapid Transit (MRT) stations. Work will commence in September this year and is expected to be completed in 2012.

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 design, supply, install and commission the HHPSD and deliver associated works for all 36 existing elevated MRT stations.  This is the first such HHPSD retrofit project in Singapore and when completed in 2012, will further enhance commuter safety at all elevated MRT stations.

The award of this contract further reflects LTA’s confidence in ST Electronics’ capability in delivering complex large-scale rail transportation systems and it is another testimony of our ability to deliver quality, reliable and cost effective rail system. ST Electronics is proud to be undertaking such a prestigious and important project that will enhance commuter safety.

SEAH Moon Ming,
President, ST Electronics

ST Electronics has established a strong presence in the rail transportation market in Singapore, the Philippines, Taiwan, China, Thailand, and the UAE since 1983. It has deployed quality rail solutions for systems ranging from Integrated Command, Control and Communication Systems, Automatic Fare Collection Systems, Platform Screen Doors to Maintenance Management Systems.

ST Electronics, the electronics arm of ST Engineering, delivers innovative system solutions to government, commercial, defence, and industrial customers worldwide. With presence in more than 18 countries and 28 cities, ST Electronics markets its solutions to more than 70 countries internationally. 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, interactive digital media, intelligent building management and information security. Please visit www.stee.stengg.com.

Media contact:

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