ST Electronics Secures S$151m of Rail Electronics and Smart Utility Contracts

4  April  2013

Singapore Technologies  Electronics Limited (ST Electronics) has secured about S$151m
worth  of contracts for rail electronics, satellite communications (satcom) and smart utility projects in the first quarter of 2013 (1Q2013).

Rail Electronics & Intelligent Transportation ST Electronics continued to strengthen its position in the rail electronics market  by  winning  contracts  worth  about S$65m in 1Q2013 for mass rapid
transit  (MRT)  projects in Malaysia, Taiwan and North America.  This S$65m includes the S$31m contract from the MRT Corporation Sdn Bhd (MRT Corp) for Platform  Screen  Doors  Systems  for the Sungai Buloh - Kajang MRT Line in Kuala  Lumpur, Malaysia (announced on 6 February 2013).  The other contract details are as follows:

· In Malaysia, the company won two additional rail electronics contracts,  bolstering  its recent entry into the Malaysian rail electronics market. It  received  a  contract from Benima Engineering Snd Bhd to implement a Maintenance  System  for  the  Keretapi  Tanah  Melayu Berhad's Seremban Depot;  and  another  contract  from  Hartasuma  Sdn  Bhd to implement a Passenger  Information  System  for the Kelana Jaya Line.  Work on these projects  has  begun  and is expected to be completed in August 2013 and July 2014 respectively.

· In  Taiwan,  Marubeni  Corporation awarded ST Electronics contracts for  additional  scope  on  its existing rail electronics projects in Taipei.  These  include  an  Airport  Access  MRT  System  as well as an On-Train Information  Display  System  for  the Taoyuan International Airport MRT  Line, and  electrical  &  mechanical  engineering  solutions  for  the Xinyi-Songshan Line.  Work has started on these projects and is expected to be completed by August 2013 and March 2015 respectively.

· For  the US market, ST Electronics was awarded a contract by Bombardier  Transportation  North  America (BTNA) in January 2013 to provide a fully digital trainborne Passenger Information System.  This will be delivered with  the  train  carriages from BTNA for use by the San Francisco’s Bay Area Rapid Transit (BART) in the US. Designated by BART as its “Fleet of the  Future”,  the  new cars will be used to replace its entire existing fleet as well as for system expansion. The scope includes communication, signs,  flashing maps and multimedia and a Video Surveillance System. ST Electronics  is  developing,  producing  and providing warranty support. Work has started on the project and delivery is expected to be completed by 2020.

In Singapore, ST Electronics is to update, test and commission for the Land Transport  Authority,  the Maintenance Management System for the North-East Line.   Work  on the project has started and is expected to be completed by June 2016.

Satellite Communications (Satcom) & Sensors ST  Electronics’ satcom and sensor business secured contracts worth about S$78m  in  the  first  quarter for the supply of satcom systems to customers worldwide.  These  contracts  are  for  the  supply of products and network
infrastructure  including  Agilis  Very  Small Aperture Terminal (VSAT) andearth station  quipment,   iDirect   satellite  hubs  and  routers  for e-Government, cellular backhaul and maritime VSAT solutions. The successful launches  of  new  High-Throughput  Satellites (HTS) by satellite operators significantly  increase  the  bandwidth  capacity of satcom. This has given rise  to  improved  speeds  at  lower  service  costs,  accelerating satcom adoption on a broader scale by many industries.

Smart Utilities

Extending  its  market  reach  in the area of smart utilities solutions, ST Electronics  won  contracts  worth  about  S$8m  to implement and support a Customer   Information  System  and  an  Advanced  Metering  Infrastructure solution.

“ST  Electronics  began  the year on a promising note with further wins for our  rail  electronics  solutions  in  Malaysia.  Working together with our partners,  we  are  also  breaking  into  the  North  American market.  Our strengths  in  providing  safe  and reliable rail electronics solutions has enabled  us  to  continue  building  on  our track record as we continue to deliver value to our customers in the industry.  As cities grow, the market for  effective  communications  and smart utilities is expanding and we are focusing on these opportunities.” Lee Fook Sun,  President, ST Electronics 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.