NEWS & EVENTS >

STRATECH BREAKS INTO U.S. MARKET WITH iTS HOMELAND SECURITY TECHNOLOGIES
  • Awarded contract by the US Government
  • Providing Homeland Security technologies to a multi-billion dollar market
  • Currently engaged in operational pilot for key US Government Agency
SINGAPORE, March 28, 2005—Following the two contracts from Thailand and the UK announced on 14th March 2005, Singapore Exchange Mainboard-listed intelligent Vision ("iV") technologies company, Stratech Systems Limited ("Stratech") has been awarded a contract to deliver its Homeland Security technologies, in particular its intelligent Vehicle Access Control Systems, iVACS™ to the US Government. Although this contract does not significantly impact the Group’s financials, the contract marks a major breakthrough into the US technology market.

In the past 24 months, Stratech has been aggressively bringing its intelligent Vision technologies to the US, having undergone tests and evaluations with major US Government Agencies. Stratech has time and again demonstrated the competitive advantages of its technologies. iVACS™, for example, is acknowledged to be the next generation fully automated vehicle, driver/passenger surveillance and access control system delivering unsurpassed image quality, automatic foreign object/abnormality detection and network intelligence.

Following our showing at a four company “shoot-out” organized by another major government agency end January this year, we are currently running an operational pilot in its headquarters in Washington, DC .

“This is the breakthrough that we’ve been working towards,” said Dr. David K.M. Chew, Executive Chairman. “It is an important step towards achieving our vision to be a leader in providing advanced technologies to the world.”


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.


For more information, please contact:

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