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Pteris Global bags three contracts worth S$64.2m in China, US

Tuesday, October 27, 2015 - 08:30

PTERIS Global, a provider of integrated airport facility equipment globally, said on Tuesday that it has secured contracts worth S$64.2 million from customers in China and the US.

The first contract of 144.8 million yuan (S$31.9 million) involves the design, supply, installation and testing of passenger boarding bridges (PBBs) and ancillary equipment for the new Terminal 3 at Wuhan Tianhe International Airport in China. The PBBs are slated for delivery and installation by Oct 31, 2016.

The group was also awarded a contract worth 119.5 million yuan (S$26.3 million) for the supply and installation of new PBBs for Terminal 2 at Guangzhou Baiyun International Airport in China. The PBBs are slated for delivery and installation in June 2016.

These contracts were secured under a public tender by Chinese authorities and are expected to contribute positively to the group's financial performance for the financial year ending Dec 31, 2016.

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Separately, Pteris subsidiary Pteris Global (USA) Inc secured US$4.3 million (S$6 million) worth of orders for baggage handling system as part of the revitalisation of Terminal 3 of Phoenix Sky Harbour International Airport in Arizona, USA. This contract was awarded as part of a US$17.3 million letter of intent inked with the main contractor, Hunt Austin, in February. The scope of work under the agreement is slated to complete in 2019.

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