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STRATECH SYSTEMS WINS CONTRACT TO DEVELOP ONLINE PARLIAMENT REPORTS SYSTEM

SINGAPORE, January 27, 2003 – Mainboard-listed, advanced IT systems and technology developer Stratech Systems Limited ("Stratech") announces today that it has been awarded a contract to create an integrated online parliamentary reports system for the Singapore Parliament. The contract is worth S$2.8 million, of which S$2.2 million is expected to be recognised in the first three quarters of FY 2003.

"Clinching this project is a significant victory for Stratech as it continues to show the government's confidence in our ability to deliver time and data sensitive systems", says Dr. K. M. Chew, Executive Chairman of Stratech.


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