• Stratech Awarded S$4.7 million Government Contract For Medical Claims Proration System
Singapore, October 31st, 2006 - Singapore Exchange Mainboard listed Stratech Systems Limited ("Stratech") is pleased to announce that it has been awarded a contract worth S$4.7 million (including options) by the Government of Singapore to update, operate and maintain the Medical Claims Proration System (MCPS).

The MCPS, developed by Stratech in 1998, has been in service since 1999 for the management and processing of electronic claims of healthcare benefits of all civil servants and their respective dependants. In the new contract, Stratech will update the system and continue to provide maintenance services and operations support over the next 3 years with an option to extend another 2 years.

The contract will have a significant impact on the Group's financials from Year 2007.

About Stratech Systems Limited

Stratech Systems Limited is principally engaged in the design, development, integration, implementation, maintenance and project management of information technology and advanced technology systems. The Group delivers large-scale complex, real-time, mission critical systems in the areas of intelligent Vision, intelligent Transport Systems and e-Systems for governments and businesses.

Formed in 1989, the Group has established an impressive track record serving industries such as aerospace and defense, financial services, government, healthcare, homeland security and transportation (air, sea and land). The Group develops and implements advanced technology solutions that achieve significant business transformation and competitive advantage for its clients.

For more information, please contact:

Gomathi Karuppiah
Marketing and Corporate Communications
Tel: +65 6799 6650
Fax: +65 6323 2177