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STRATECH SYSTEMS UNDERTAKES S$20 MILLION NOTES ISSUE
Pacific Capital is an offshore investment company based in the United Kingdom which specialises in boutique investments. The shareholders of Pacific Capital comprise individual investors investing in proprietary funds. None of the shareholders of Pacific Capital is related to or associated with any of the Directors or substantial shareholders.
The Notes shall be convertible at the option of the holder of the Notes into ordinary shares in the Capital of the Company at a conversion price to be determined in accordance with the terms and conditions of the Notes.
The proceeds from the Notes Issue will be used to fund product and market development as well as working capital.
Dr David K.M. Chew, Executive Chairman of Stratech Systems Limited, said: “We are extremely pleased that Pacific Capital has confidence in our company. With the strong support in the prospects of Stratech, we are well-positioned to continue to seek strategic investment opportunities so as to further accelerate the growth of Stratech.”
None of the Directors or substantial or controlling shareholders of Stratech has any interest, direct or indirect, in the above Notes Issue.
About Stratech Systems Limited (“Stratech”)
Stratech Systems Limited (“Stratech”) was listed on the Main Board of the Singapore Exchange in 2000. It 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.
In 2006, Stratech won the Research and Development prize for its intelligent Airfield/Runway Surveillance and Foreign Object and Debris (FOD) Detection System at the Asia Pacific ICT Awards. Stratech’s iFerret™ (a world’s first system to utilise intelligent Vision to detect and classify foreign object, with the ability to pinpoint the location of the foreign objects) was awarded The Enterprise Challenge (TEC) initiative by the Prime Minister’s Office of Singapore in 2006.
Founded in 1989, the Group has established an impressive track record serving industries such as aerospace and defence, 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 visit www.stratechsystems.com