Stratech clinches contract to provide secure infrastructure services for financial information provider

SINGAPORE, July 22, 2002 - Mainboard-listed, advanced IT systems and technology developer, Stratech Systems Limited ("Stratech") announced today that it has successfully clinched a contract to provide secure infrastructure services to a financial information provider in Singapore.

The project involves harnessing Stratech's expertise in designing and developing large-scale real-time mission critical systems and existing data centre infrastructure to establish a secure, scalable and continuously available technology infrastructure for the client and its partners. The contract is valued at over S$2 million.

"The appointment is testimony to Stratech's capabilities and strengths in developing and operating secure, scalable and high performance multi-party, mission critical hubs. It is a result of our active engagement of the financial services industry, one of the most important sectors to us. In days to come, we will roll out more technology and value-added services to this sector, and we expect to see stronger contributions coming from here," said Stratech's Executive Chairman, Dr. David K. M. Chew. More details of this deal will be released in a later announcement.

About Stratech Systems Limited

Stratech Systems Limited ("Stratech") is a fast growing advanced technology and e-Business developer. We deliver mega real-time mission critical systems in the areas of Computer Vision, intelligent Transport Systems and E-Government. Stratech brings together world-class expertise, software and resources to help its clients meet operational challenges and New Economy opportunities.

Formed in 1989, we have since established an impressive track record serving industries such as Transportation, Healthcare, Government, Defence, and Financial Services. Over the years, we are recognised as a technology expert and innovator, as we continuously develop and implement solutions that achieve significant business transformation and competitive advantage for its clients.

Listed on the Mainboard of the Singapore Stock Exchange, Stratech is headquartered in Singapore and also operates in Hong Kong, China and Australia.

For more information, please contact:

Gary Tan
Corporate Communications Division
Tel: +65 6799 6650
Fax: +65 6323 2177