SINGAPORE, January 24, 2003 – Mainboard-listed, advanced IT systems and technology developer Stratech Systems Limited (“Stratech”) is pleased to announce that it has secured a first order for its newest product, the intelligent Vehicle Access Control System (“iVACS”), to be deployed for homeland security in Singapore. iVACS™ is scheduled to be delivered by the end of next month.

iVACS™ is a next generation vehicle access control system designed to simplify and speed up the inspection and clearance of vehicles. Using state-of-the-art Computer Vision technology, iVACS™ automates a series of undercarriage inspection, vehicle licence plate recognition and driver screening procedures. It is built with intelligent capabilities to capture composite images of the undercarriage and piece them together to form a complete, seamless image. Comparing the image with one stored previously, the iVACS™ is also able to intelligently detect any discrepancies in the images and send an alert to the security officer. The system can also automatically identify foreign objects hidden under the vehicle and portions of the undercarriage which have been tampered with.

With the combination of driver recognition, undercarriage scanning and vehicle licence plate recognition technologies, iVACS™ is poised to become the most complete vehicle access system. In an era where security is a global concern, iVACS™ is a very affordable system that can be easily installed at the entrances of various buildings that require high security, such as government buildings, embassies, military bases, commercial buildings, private clubs, shopping centres, hotels, oil refineries, border check points, power plants, banks, airports / ports, courthouses, and any major events that require high-security. As the iVACS™ product requires minimal customisation and is easily scaleable, Stratech will aggressively market this product on a global scale through strategic channel partners.

Said Stratech’s Executive Chairman, Dr. David K. M. Chew, “We are delighted to receive this order ahead of the launch of the product. It signifies that in iVACS™, we have a clear winning security product. With its comprehensive functions and unique intelligent detection capability, iVACS™ commands a superior advantage over other access control products in the market today. A patent for iVACS™ is currently being filed.”

He also added, “iVACS™ has wide applications for homeland security, border control and even public safety. Given the heightened awareness of security risks and emphasis on the protection of key installations today, we are confident that iVACS™ is well placed to meet this demand.”

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 Greater China (Hong Kong and China) and Australasia.

For more information, please contact:

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