STRATECH AWARDED CONTRACT FOR ONLINE CERTIFICATE OF ENTITLEMENT (OCOE) SYSTEM
Singapore, 25 January 2007 - Singapore Exchange Mainboard listed Stratech Systems Limited (" Stratech ") announces today that it has been awarded a Contract by the Land Transport Authority (LTA) of Singapore of up to $30.64 million – to upgrade the Online Certificate Of Entitlement (OCOE) System and to operate and maintain the System for 5 years for a sum of $18.94 million, plus an option for the customer to extend the operation and maintenance for another 3 years plus 2 years for an additional sum of $11.70 million.
The Contract will have material impact on the Company’s financials.
Stratech Systems Limited
Stratech Systems Limited is principally engaged in the design, development, integration, implementation, maintenance and project management of information technology and advanced technology systems. The Group delivers large-scale complex, real-time, mission critical systems in the areas of intelligent Vision, intelligent Transport Systems and e-Systems for governments and businesses.
Formed in 1989, the Group has established an impressive track record serving industries such as aerospace and defense, financial services, government, healthcare, homeland security and transportation (air, sea and land). The Group develops and implements advanced technology solutions that achieve significant business transformation and competitive advantage for its clients.
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