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STRATECH SYSTEMS SPINS-OFF NEW WHOLLY-OWNED SUBSIDIARY, STRATECH AEROSPACE

Singapore, 8 July, 2008 – Mainboard-listed Stratech Systems Limited (‘Stratech”) today announced the formation of Stratech Aerospace Pte Ltd (“Stratech Aerospace”), a wholly-owned subsidiary focused on tapping new markets in airfield/runway surveillance solutions.

The new subsidiary will offer solutions based on Stratech’s award-winning iFerret™, airfield/runway surveillance and foreign object and debris (FOD) detection system , to the potentially huge market of over 3,800 International Air Transport Association-listed (IATA) airports. This does not include the military air bases around the world as well as the aircraft carriers currently in service, which will benefit from the iFerret™ system tremendously.

Dr. John Lim Wee Kiat, the current Group Chief Technology Officer (CTO) of Stratech, will head the new company as President and Chief Technology Officer.

An expert in Computer Vision technology, Dr Lim holds a PhD in Computer Science from the University of Essex, UK . With more than 20 years experience in the IT industry, he has developed, managed and operated large scale IT and Command, Control, Communications and Intelligence (C3I) systems. As the CTO of Stratech, Dr Lim possesses valuable expertise and experience in designing, developing and implementing several world class products, such as iFerret™, and the Online Open COE Bidding System.

The incorporation of Stratech Aerospace dovetails with the “powered by Stratech” strategy, announced by Stratech in March, to commercialise its intellectual properties – such as iFerret™ – through licensing, alliances and strategic joint ventures.

Dr David K.M. Chew, Executive Chairman of Stratech, said: “Incidents arising from FOD on runways cost the aerospace industry an estimated US$4 billion in aircraft repairs and maintenance annually. With our recently established partnership with SITA, Stratech Aerospace is poised to meet the growing global demand for airfield/runway surveillance solutions with iFerret™, and well-positioned to explore strategic investments as well as sales and marketing alliances globally.”

iFerret™ is the world’s first intelligent Vision-based system that detects, analyses and identifies FOD in real-time. Scalable to airport runways and taxiways of any length, it can be deployed on airport aprons, hangars, and even aircraft carriers.

At the Singapore Airshow in February, Stratech announced a contract to deploy iFerret™ for both runways at Changi International Airport. Separately, the Center of Excellence in Airport Technology (CEAT) of the Federal Aviation Administration is currently working with Stratech to pilot iFerret™ at O’Hare International Airport in Chicago.

In 2006, the system was awarded the Research and Development prize at the Asia Pacific ICT Awards in Macau.

About Stratech Systems Limited (“Stratech”)

Stratech Systems Limited (“Stratech”) was listed on the mainboard of the Singapore Exchange in 2000. It 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.

Founded in 1989, the Group has established an impressive track record serving industries such as aerospace and defence, 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.

For more information, please visit www.stratechsystems.com

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Stratech Systems Limited
Phoebe Heng
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Fax: 6323-2177
Email: phoebe_PS_Heng@StratechSystems.com

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