Latest News

June 2009

ST Electronics Develops Virtual World
For Singapore 2010 Youth Olympic Games

Singapore, 18 June 2009 — ST Electronics, has won a contract from the Infocomm Development Authority (IDA) of Singapore to create and operate the first Virtual World for the inaugural Singapore 2010 Youth Olympic Games, making this the first time a Virtual World is used for an Olympic event. The contract is awarded to ST Electronics’ wholly-owned subsidiary, ST Electronics (Training & Simulation Systems).

The Virtual World will be launched online progressively as we move closer to the Singapore 2010 Youth Olympic Games in August 2010. Once launched, anyone from anywhere in the world that has access to the Internet will be able to register and play the exciting interactive games in the Virtual World. Highly interactive and engaging in nature, the Virtual World will encourage interaction among youths around the world through ‘in-world’ experience by allowing youths to participate in the numerous individual and team activities that are related to sports, culture and education.

We are delighted to have been awarded this contract to build and operate the first Virtual World for the inaugural Singapore 2010 Youth Olympic Games. A highly interactive system and the first of its kind in the world, the Singapore 2010 Youth Olympic Games’ Virtual World marks ST Electronics’ continuing foray into the forefront of new media solutions. This award is a testament to our expertise in providing innovative solutions in the areas of Simulation, Animation, Games and Edutainment (SAGE). We are excited at the possibility that this system will be experienced by a wide spectrum of users and youths both within the local community and across the globe.

SEAH Moon Ming
President, ST Electronics

This contract 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 (Singapore Technologies Electronics Limited), the electronics arm of ST Engineering, delivers innovative system solutions to government, commercial, defence, and industrial customers worldwide.  With presence in more than 30 cities in 20 countries, ST Electronics markets its solutions to more than 74 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, ICT (Information Communications Technologies) and IT, rail and traffic management, real-time command and control, modelling and simulation, interactive digital media, intelligent building management and information security.  For more information, visit www.stee.stengg.com.

ST Electronics (Training & Simulation Systems), develops, manufactures and markets advanced computer graphic software and solutions for simulation, animation, games and edutainment applications.  It applies leading edge technologies and design methodologies to meet the stringent requirements of customised electronics systems and solutions. 

ST Engineering (Singapore Technologies Engineering Ltd), is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors.  Headquartered in Singapore, the Group reported revenue of $5.34b in FY2008 and ranks among the largest companies listed on the Singapore Exchange.  ST Engineering has more than 19,000 employees worldwide, and over 100 subsidiaries and associated companies in 24 countries and 42 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