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STRATECH SYSTEMS LIMITED NAMES TERENCE IAN NICKOLLS PRESIDENT & CHIEF EXECUTIVE OFFICER


SINGAPORE, September 30, 2002 – Mainboard-listed, advanced IT systems and technology developer Stratech Systems Limited (the “Company”) announced today the appointment of Terence Ian Nickolls as President & Chief Executive Officer. The Company is also pleased to announce the appointment of David Eaw Kok Hin as Senior Vice President, Finance.

Mr. Nickolls, an English-born Australian, commands more than 20 years of corporate and entrepreneurial experience in information, communications and media technology companies across Asia, Australia, UK and US. During his 8-year tenure with the Australian Associated Press (AAP) Group from 1989 to 1997, he successfully turned the original company, AAP Reuters Communications, around from making an annual A$7 million loss to revenue growth, including expanding its core business into three separate profitable companies. One of these companies was eventually sold at a value in excess of A$2 billion.

Senior Vice President of Finance, Mr. Eaw, joins Stratech from the former Arthur Andersen where he was Chief Finance Officer, Asia Pacific Office. He has more than 20 years of financial experience in large, multi-national companies, including five years as Group Finance Director in SembCorp Industries from 1996 to 2001. When SembCorp Industries was formed through the merger of Singapore Technologies Industrial Corporation and Sembawang Corporation Limited, he played a key role in the financial integration of the two entities. Prior to that, he was General Manager, Group Finance for Cerebos Pacific Limited.


With Mr. Nickolls’ appointment, founder Dr. David K. M. Chew will drive the company’s business and strategic directions in his capacity as Executive Chairman, assisted by Deputy President, Tan Chee Peng. Mr. Nickolls will focus on running the day-to-day operations of the Company, as well as groom a successor to his position. He will also focus on the bottomline, with the charter to position the Company for profitability in 2003.


About Stratech Systems Limited

Stratech Systems Limited (“Stratech”) is a fast growing advanced technology and e-Business developer. We deliver mega real-time mission critical systems in the areas of Computer Vision, intelligent Transport Systems and e-Government. Stratech brings together world-class expertise, software and resources to help its clients meet operational challenges and New Economy opportunities.

Formed in 1989, we have since established an impressive track record serving industries such as Transportation, Healthcare, Government, Defence, and Financial Services. Over the years, we are recognised as a technology expert and innovator, as we continuously develop and implement solutions that achieve significant business transformation and competitive advantage for its clients.

Listed on the Mainboard of the Singapore Stock Exchange, Stratech is headquartered in Singapore and also operates in Greater China (Hong Kong and China) and Australasia.


For more information, please contact:

Gary Tan
Corporate Communications Division
Tel: +65 6799 6650
Fax: +65 6323 2177
Email: Stratech@StratechSystems.com