ST Electronics was awarded a contract by VGI Global Media Public Company Limited to supply half height platform screen doors for the BTS SkyTrain in Bangkok,Thailand. The S$13m contract includes two-year maintenance services of the doors, which will be installed in nine BTS Skytrain stations. Work has commenced and is expected to be completed at the end of 2013.
Singapore Technologies Engineering Ltd (ST Engineering) announced that its electronics sector, Singapore Technologies Electronics Limited (ST Electronics), has won about S$166m worth of contracts for its Rail Electronics and Satellite Communications (Satcom) and Sensor solutions in 3Q2012.
On Rail Electronics solutions, a consortium led by ST Electronics was awarded a RMB198m (about S$39m) contract in the city of Wuxi,China. Partnering Jiangsu Daway Technologies Co., Ltd, ST Electronics will supply, deliver, install, test and commission as well as provide warranty for an Integrated Supervisory Control System for Wuxi Metro Lines 1 and 2. Work has started and will be completed by the end of 2014.
Separately on Satcom and Sensor solutions, ST Electronics secured about S$114m worth of contracts for the supply of Satcom systems to mostly international customers in 3Q2012. These contracts are for the supply of Satcom network infrastructure and products including Satellite hubs and routers, earth stations, cellular backhaul solutions and the Agilis VSAT (Very Small Aperture Terminal) systems.
These contracts are 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 a presence in more than 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.
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 revenues of $5.99b in FY2011 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, FTSE ASEAN 40 Index, MSCI Singapore and other indices. ST Engineering has more than 22,000 employees worldwide, and over 100 subsidiaries and associated companies in 23 countries and 41 cities.www.stengg.com.
Media contacts:
Lina Poa
SVP, Corporate Communications
ST Engineering
Tel: (65) 6722 1883
Fax: (65) 6720 2293
Email: linapoa@stengg.com
Magdalen Loh
AVP/Head, Corporate Communications
ST Electronics
Tel: (65) 6413 1788
Fax: (65) 6484 8840
Email: magloh@stee.stengg.com
