|NEWS & EVENTS|
Stratech’s iVACS® Continues to Win in the Middle East
Worldwide trend of increasing take up rates for such systemsSingapore, 27 June 2014 – Singapore Exchange Mainboard listed Stratech Systems Limited ("Stratech") is pleased to announce that it has been selected to deploy another 30 or more of its iVACS® intelligent Vehicle Access Control Systems in the Middle East.
At least 25 iVACS® will be deployed in a Smart City Project for one of the prominent capital cities in the Middle East. It will be part of a Security Program designed to establish a fully integrated security solution for a diversity of onshore, coastal and offshore critical assets across the customer’s mainland.
This coincides with the worldwide trend of increasing take up rates for such systems. Previous orders for iVACS® used to involve just a handful of units each, but nowadays, relatively large orders such as this are becoming more common.
iVACS® screens vehicle undercarriages for potential security threats such as IEDs – improvised explosive devices. Stratech invented the intelligent under vehicle surveillance system, which is capable of intelligent inspection of vehicle undercarriages, and provides alerts when suspicious foreign objects or abnormalities are detected. iVACS® also performs identification screening for the driver and passengers in the vehicle using biometrics. These provide a comprehensive solution at screening checkpoints that cover all security requirements.
One of the many competitive advantages of iVACS® is Network Intelligence, which is very useful for large, networked deployments such as Smart City Projects. The unique Network Intelligence capability of iVACS® is designed to tighten the security of secure facilities with multiple entrances and exits, for multiple secure facilities to share their databases, and for the command and control of these secure facilities.
Stratech Executive Chairman, Dr. David K.M. Chew, said, “Stratech invented the intelligent under vehicle surveillance system, and pioneered the use of area scan technology in this field. We have inspired many imitators, but there are no equals!”
iVACS® protects critical infrastructure globally across six continents – Asia, Africa, Australia, Europe, North America and South America – and is in service, among others, with the Interpol Headquarters in Europe; the United Nations; two US Government Agencies' Headquarters in Washington, DC; an overseas facility of a US Government Department; a US Government Agency secure facility in Detroit; and a US Government Agency secure facility in Kansas City.
Currently, Stratech has an order book for more than 59 iVACS® from clients in the Middle East and several different parts of the world. 25 of these systems are expected to be delivered by the end of June 2014.
The order book for more than 59 iVACS® will contribute at least $2.44 million to the Group's revenue in the current financial year. None of the directors or controlling shareholders of the Company has any interest, direct or indirect, in the abovementioned matter.
Stratech Systems Limited