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Main Board-listed Stratech goes Global, wins HK$63.59M Hong Kong Immigration Border Crossing Contract
Leveraging on its intelligent Vision and intelligent Transport Systems technologies, Stratech will develop and support the heart of the world’s first fully Automated Passenger Clearance System (“APCS”) and fully Automated Vehicle Clearance System (“AVCS’). Riding on its strategy to replicate its technologies overseas, Stratech is exporting its expertise in building high-security border crossing systems to Hong Kong . This, once again, solidifies Stratech’s position to expand internationally in the current fast-growing Homeland Security industry.
Stratech is developing and implementing the new system worth at least HK$37.44 million in multiple stages through July 2006, and is expected to complete about a third of the project by the fourth quarter of this year. Stratech will continue to maintain it thereafter for a further nine years for at least another HK$26.15 million, thus bringing Stratech’s value of the contract to a sum total of at least HK$63.59 million. This contract is significant for Stratech as it further establishes its global presence in the provision of Homeland Security technologies and will contribute positively to the financial performance of Stratech.
"Stratech is proud to be awarded a major role in building the most advanced border crossing system in the world. Following the successful implementation of the Vehicle Entry/Exit Permit System (“VEPS”) for the Land Transport Authority (“LTA”) in April 2000, this contract marks yet another step forward for Stratech to provide a world-class border crossing Homeland Security system for the public sector.” said Dr. David K.M. Chew, Executive Chairman of Stratech.
“We want to take this opportunity to express our appreciation to the LTA to enable us realise our strategy of “cutting our teeth in Singapore and making our money overseas” and to the Infocomm Development Authority of Singapore (“IDA”) and International Enterprise Singapore (“IES”) for their much-valued support in helping us go global, and for appointing us the leader of the Transport and Homeland Security cluster for the Singapore Solutions Centre in China,” he added.
About Stratech Systems Limited
Stratech Systems Limited ("Stratech") is an emerging world-class Advanced Technology and e-Systems developer. Stratech delivers large-scale real-time mission critical systems for Governments and Businesses in the Homeland Security / Defense, Transportation and e-Business / e-Government markets. Stratech brings together world-class expertise, software, intellectual assets and unique technology capabilities in the areas of Computer / Intelligent Vision, intelligent Transport Systems (iTS) and e-Systems to enable her customers to meet existing and future operational challenges, gain significant strategic advantage and seize new business opportunities. Stratech focuses on providing products and solutions to real-world challenges where traditional IT technologies are inadequate. Stratech's "Connected Reality" solutions exploit state-of-the-art Info-Comm Technologies that connect the Net and the real-world more effectively and transparently, thereby enabling customers to leverage on the power of the Net to solve difficult real-world challenges.
Formed in 1989, Stratech has established an impressive track recording serving customers in industries such as Government, Homeland Security, Defense, Transportation (land, air and sea), Aerospace, Healthcare and Financial Services. Stratech is recognised as a leader in innovation and technology, is extremely entrepreneurial, developing and implementing advanced technology solutions that achieve significant business transformation and competitive advantage for its customers.
Listed on the Main Board of the Singapore Exchange, Stratech is headquartered in Singapore and targets markets in Asia, the Middle East, Australia, Europe, North and South America.
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