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Home » News & Events » Latest News | |
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Latest NewsJuly 2010ST Electronics Wins S$4.6m Contract For On-Train Passenger Information Systems For Concessao Metroviaria Do Rio De Janeiro Singapore, 26 July 2010 – Singapore Technologies Electronics Limited (ST Electronics) today announced that it has been awarded a contract worth about S$4.6m by Changchun Railway Vehicles Co Ltd (CRC). ST Electronics will deliver Passenger Information Systems (PIS) for the Rio De Janeiro metro vehicles in Brazil, a project awarded to CRC by Concessao Metroviaria Do Rio De Janeiro SA. The contract was awarded through ST Electronics’ subsidiary in Shanghai, ST Electronics (Shanghai) Co., Ltd. ST Electronics will design, manufacture and commission the PIS which will be installed in 30 trains, with a total of 120 cars. The systems will enhance passenger travel experience through the provision of comprehensive real-time audio and multimedia information via computerised public announcements and digital display sub-systems. Work on the project commences immediately and is expected to be completed by mid 2011.
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 was awarded a similar S$4.6m PIS contract by CRC for Rio De Janeiro in May 2010. Other contracts for delivery in both China and export include projects for the Singapore Downtown Line metro vehicles, the Saudi Mashaaser Mass Rapid Transit in Saudi Arabia, and projects in Asia. Since 1983, ST Electronics has established a strong presence in the rail transportation market in Singapore, China, Dubai, Taiwan, Thailand, the Philippines, the United Arab Emirates and Saudi Arabia.
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 a presence in more than 30 cities in 20 countries, ST Electronics markets its solutions to more than 100 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 and control, modelling and simulation, interactive digital media, intelligent building management and information security. Please visit www.stee.stengg.com. Media Contacts:Magdalen Loh
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ST Electronics has been awarded more than ten Passenger Information Systems projects in China; of which this is the second such contract for use in Rio De Janeiro. The growing acceptance and confidence shown by the China market in our rail electronics capability is encouraging. We will continue to work closely and cost-effectively with our partners in China.
LEE Fook Sun
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