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CLARIFICATION BY STRATECH ON FIRST ORDER OF INTELLIGENT VEHICLE ACCESS CONTROL SYSTEM
SINGAPORE, January 27, 2003 - Further to the earlier announcement regarding the initial order of the intelligent Vehicle Access Control System ("iVACS"), mainboard-listed, advanced IT systems and technology developer Stratech Systems Limited ("Stratech") adds that as the intelligent Vehicle Access Control System ("iVACS") has been priced to be affordable, the initial sale does not have a significant financial impact on the company. However, the order is indeed very important as it is the first step of Stratech's plan to productize its technology to scale growth. This is in line with Stratech's strategy to capitalize on its capabilities and become a dominant player in the large global homeland security market.
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:
Corporate Communications Division
Tel: +65 6799 6650
Fax: +65 6323 2177