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FEDERAL COURT RULES IN FAVOUR OF STRATECH'S MOTION TO DISMISS SUIT FILED IN THE UNITED STATES OF AMERICA
SINGAPORE, December 8, 2004 — Further to the announcements made on 1st October 2004 and 20th October 2004 pertaining to the suit filed in the United States of America by its former non-Independent, non-executive Director, Christopher A. Millar and the Company's motion to dismiss the said suit respectively, the Company is pleased to announce that on the 3rd of December 2004, the Federal Court in Virginia dismissed Mr. Millar's claim for "exemplary and punitive damages of USD5 million for tortious interference and malicious injury and intentional infliction of emotional distress".
As regards the allegations contained in the single remaining commercial claim, the Company and its Executive Chairman Dr. David K.M. Chew, believe that they have good defences and are of the opinion that the claim is without merit and has been asserted for the purpose of applying commercial pressure. The Company's attorneys have filed respective counterclaims against Mr. Millar for various causes of action, including misuse of proprietary information and conversion of the Company's property for his own use.
About Stratech Systems Limited
Stratech Systems Limited ("Stratech") is an emerging world-class Advanced Technology and e-Systems developer. Stratech delivers large-scale real-time mission critical systems for Governments and Businesses in the Homeland Security / Defense, Transportation and e-Business / e-Government markets. Stratech brings together world-class expertise, software, intellectual assets and unique technology capabilities in the areas of Computer / Intelligent Vision, intelligent Transport Systems (iTS) and e-Systems to enable her customers to meet existing and future operational challenges, gain significant strategic advantage and seize new business opportunities. Stratech focuses on providing products and solutions to real-world challenges where traditional IT technologies are inadequate. Stratech's "Connected Reality" solutions exploit state-of-the-art Info-Comm Technologies that connect the Net and the real-world more effectively and transparently, thereby enabling customers to leverage on the power of the Net to solve difficult real-world challenges.
Formed in 1989, Stratech has established an impressive track recording serving customers in industries such as Government, Homeland Security, Defense, Transportation (land, air and sea), Aerospace, Healthcare and Financial Services. Stratech is recognised as a leader in innovation and technology, is extremely entrepreneurial, developing and implementing advanced technology solutions that achieve significant business transformation and competitive advantage for its customers.
Listed on the Main Board of the Singapore Exchange, Stratech is headquartered in Singapore and targets markets in Asia, the Middle East, Australia, Europe, North and South America.
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