|NEWS & EVENTS|
Stratech wins iFerret™ upgrade contract to enhance safety at Changi Airport's Runways
Singapore, 21 October 2015 – THE STRATECH GROUP OF COMPANIES (Stratech or the Group) is pleased to announce that it has secured another contract to upgrade its iFerret™ intelligent Airfield/Runway Surveillance and Foreign Object & Debris (FOD) Detection System at Singapore Changi Airport. This follows an earlier contract in April this year for the first phase of the iFerret™ upgrade previously announced.
Under the contract, the iFerret™ at Changi Airport will be enhanced with high definition electro-optic sensor technology and new software features, which will provide a panoramic view of the runway as well as a sharper vision of any FOD detected on the air strip.
An option to the earlier contract in April this year for maintenance for an initial period of five years has also been exercised.
The contracts for both the first and this second phases of the iFerret™ upgrade include options for the installation of iFerret™ at the airport's upcoming third runway, maintenance and other works.
The Group's Executive Chairman, Dr. David K.M. Chew said: “These significant enhancements to our flagship iFerret™ system affirm our commitment to make the world a better and safer place.
“The affordability of air travel today has led to closely timed take-offs and landings at many airports around the world. We are therefore continually improving our proprietary technologies to increase their robustness and support the ever growing ground safety needs of these hubs.
“At the same time, the Group's iFerret™ has proven to be easily upgradable and scalable as well. We will keep on boosting the effectiveness and efficiency of iFerret™ to advance its leading position in an aviation sector looking to raise airfield safety standards with such surveillance and FOD detection systems.”
With the latest upgrade, Changi Airport will have the world’s most advanced iFerret™ system on its runways.
Pursuant to confidentiality reasons, the Group is not able to announce details of the contract, but estimates that barring unforeseen circumstances, subject to accounting treatment and final audit, the project will contribute positively to its financial results from FY2016 for 5 years.
None of the directors or controlling shareholders of the Group has any interest, direct or indirect, in the abovementioned matter.
The Stratech Group Limited
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