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STRATECH SYSTEMS GETS APPROVAL IN-PRINCIPLE FOR MAINBOARD LISTING

Stratech Systems Limited
("Stratech"), an IT systems and technology developer, and e-business enabler providing e-business applications and services, today (July 11, 2000) announced that it has received approval in-principle to list on the Mainboard of the Singapore Exchange Securities Trading Limited ("SGX-ST").

As a systems and technology developer, Stratech focuses on two fields: technology-intensive IT (in the areas of 3-D computer vision and intelligent transport systems) and e-business.  Stratech has developed many of its proprietary products, systems and technologies in these fields, several of them already commercially available, implemented and in use by customers.  Stratech is also investing in on-going development of several new products, services and technologies in all of these fields.

Stratech's emergence as a leading e-business enabler and provider of large-scale, mission critical infrastructure systems received a boost recently when Stratech was awarded the contract to design, develop, implement and operate Singapore's nation-wide electronic open bidding system for motor vehicle Certificates of Entitlement or COEs.

Established in 1989, Stratech started as a representative to high-tech suppliers and contractors, from the USA and Europe, catering to the needs of the aerospace, defense and security industries. By the early 1990s, Stratech started building up its own capabilities in systems integration and development, focusing on niche markets, and began to take on turnkey projects of increasing contract values.

Said Dr David Chew, Chairman and Chief Executive of Stratech, who was also the Entrepreneur of the Year 1999, "When we first started, we had to look for a niche market for ourselves. We had big dreams but what we lacked was critical mass, so a niche market would be a perfect fit for an operation such as ours. We had to find an area that had a need that was not addressed. Today, we are able to address, with our own home-grown technologies, several niche markets with large growth potential."