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SINGAPORE EXCHANGE MAIN BOARD-LISTED STRATECH SYSTEMS SUCCESSFULLY APPRAISED AT CMMI LEVEL 3
Singapore, 30th August 2004 – Singapore Exchange Main Board-listed Stratech Systems Limited ("Stratech") announced today that the emerging world-class Advanced Technology and e-Systems developer has joined the ranks of leading IT organizations with its successful appraisal at Maturity Level 3 of Capability Maturity Model-Integrated (“CMMI”).
Stratech is one of the first Singapore IT solutions companies to achieve this process maturity level after an independent IT capability evaluation involving extensive review and analysis of Stratech’s IT solutions and processes.
The CMMI is a model from Software Engineering Institute (“SEI”) for improving and appraising the performance of organizational processes. It includes process performance appraisal in four major areas: project management, engineering management, process management and support processes management. The model provides an extensible framework for process improvement with multi-disciplinary approach towards Stratech covering software engineering, systems engineering and supplier sourcing.
“The appraisal of Stratech at Maturity Level 3 demonstrates the rapid strides achieved by Stratech to develop its technologies and processes to the highest international standards. We have succeeded in explicitly aligning management and engineering activities to business objectives, and improve project life cycles activities to better meet customer demands”, said Dr David K.M. Chew , Executive Chairman of Stratech.
“We look forward to be a leader in the industry by constantly ensuring world-class quality standards in the process methodology and practices. Now that we have demonstrated process compliance to CMMI maturity Level 3, we are working aggressively towards attaining the highest Level 5 possibly by middle of next year,” he said.
Stratech was first awarded ISO 9002:1994 in 1996, followed by an upgrade to ISO 9001:1994 in 1998 and then to ISO 9001:2000 standard in 2002.
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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