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Publish Date : 25-Oct-2018

ST Engineering announced that its Electronics arm has clinched about S$435m worth of contracts in the third quarter (3Q) of 2018. These contracts were for its solutions in mobility, satellite communications, Internet of Things (IoT), and cybersecurity, as well as defence.

Advancing Mobility
ST Engineerings Electronics sector continued to extend its footprint into new international markets for its mobility business. It made its first foray into Indonesia, securing a contract to supply Platform Screen Doors for Jakartas Jabodebek LRT system. Contracts were also awarded for the supply of a Passenger Information System for Indias Ahmedabad MetroLink Express and New Taipei Citys Sanying MRT Line. In Singapore, contracts were secured to supply a Rail Enterprise Asset Management System, Platform Screen Doors for the Circle Line Stage 6 and North-East Line Extension, as well as a train-borne communications system for new North-South and East-West MRT line trains for the Land Transport Authority. These projects will be completed progressively till 2025.

Enhancing satellite connectivity
Electronics supplied satellite communications solutions that enabled the launch of the first iDirect network in Africa, covering more than 300 sites in Nigeria. It also provided the ground infrastructure to enable Inmarsats fifth Global Xpress communications satellite, delivering high-speed broadband capabilities cost-effectively. Other orders secured included the provision of satellite imagery and monitoring solutions for commercial and defence customers. These projects are being completed progressively.

Smart city connectivity
In the IOT space, it secured contracts to deliver a network to support smart street lighting in UK and New Zealand, as well as car park infrastructure management services to support over 2,000 parking devices for 100,000 parking lots in the United Arab Emirates. In Singapore, contracts were secured for the provision of data centre solutions for a government agency; professional services to support an asset tracking system for a local edutainment client; wireless infrastructure and network equipment support for a tourism operator; as well as the provision of a customer information system for an energy company. These projects will be completed progressively till 2021.

Cybersecurity
Enhancing the security of networks and information assets, we secured contracts for the delivery of cybersecurity solutions in advance incident response services, as well as cybersecurity training.

Contracts were secured for the provision of simulation training solutions, Command, Control, Communications and Computers (C4) solutions, as well as professional integrated defence and engineering services. These projects are being completed progressively.

These contracts are not expected to have any material impact on the consolidated net tangible assets per share and earning per share of ST Engineering for the current financial year.

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