|NEWS & EVENTS >|
STRATECH TEAMS WITH US GOVERNMENT AGENCY TO PROVIDE TOTAL VEHICLE / DRIVER ACCESS CONTROL FOR SECURE FACILITIES
The clearance system enables fast access to information about people and vehicles entering controlled facilities or installations, improving security and throughput at entry points. Stratech's intelligent Vehicle Access Control System, iVACS™, the world's first vehicle undercarriage surveillance system with automatic foreign object detection with alarm capability, unsurpassed vehicle undercarriage image quality and network intelligence, will be the heart of the system. In the areas of driver identification, the system would involve technologies such as barcode scanning, radio frequency identification (RFID) tags, facial recognition, and fingerprint recognition. Vehicle identification would be done through license plate and image recognition. Meanwhile, vehicle surveillance would be conducted through weigh-in-motion and undercarriage surveillance while barriers, bollards, gates and light signals will complete the physical access control set-up.
"This technology collaboration brings us yet another step closer towards our vision and mission of deploying iVACS™ in every secured facility, in which more than 47,000 critical facilities have already been identified that include chemical and power plants, airport perimeters, gas and LNG storage facilities, refineries, dams and pipelines.", said Dr. David K.M. Chew, Executive Chairman.
This technology collaboration again underscores the Group's technology leadership which has led to sales of its Homeland Security products and technologies in the United States, United Kingdom, the Middle East, Australia and Thailand. The Group's strategy to focus on going global has begun to bear fruit, evident in an increase in the revenue contribution of foreign contracts from18% to 38% of total turnover compared to a year ago. Riding on these initial successes, the Group intends to leverage on the successful implementation of these initial contracts and use these installations as reference sites in various locations to win more contracts. Going forward, the Group anticipates that the contribution to its revenue from international business and product sales will increase, and as such, will continue to focus its sales and market development efforts globally.
The Group will continue to focus its marketing efforts on selling its products and technologies in the global market and ramping up revenue. Emphasis will be put on selling our products and technologies in the US, where the Group has established an office earlier this year to tap on the growing multi billion-dollar Homeland Security market.
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 (iV), 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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