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ST Electronics secures smart technologies contracts worth S$635m in Q1 2018
THE electronics arm of Singapore Technologies Engineering (ST Engineering) has secured a range of smart technologies contracts worth a total of S$635 million in the first quarter of 2018, it said on Thursday evening.
These include mobility contracts like a turnkey project for Sanying MRT line in New Taipei City and rail electronics solutions for Bangkok BTS SkyTrain.
Contracts aimed at enhancing global connectivity through satellite communications were also signed by the subsidiary, ST Electronics, such as a collaboration with Ghalam, an Airbus Defence and Space joint venture based in Kazakhstan, to develop next-generation ground technologies.
Meanwhile, contracts secured in Internet of Things technologies include a sensor network to enable near real-time management of urban water resources and smart street lightning in cities in New Zealand, the UK, Canada, Israel and the US, ST Engineering said.
The company has also engaged in public safety and security contracts that involve an integrated communications system to enhance emergency and rescue operations for a security agency in Manila, as well as a sensor network that strengthens incident management and emergency response in Singapore.
Cloud solutions contracts to provide a multi-tenanted on-premise cloud infrastructure that hosts and manages IT services and data assets were also signed in the first quarter.
ST Engineering shares ended S$0.02 or 0.5 per cent higher at S$3.68 on Thursday.