Singapore Technologies Engineering (ST Engineering) announced that its electronics arm, Singapore Technologies Electronics (ST Electronics), awarded additional contracts worth about US$4.5 million to provide an Integrated Security System, an IT Infrastructure System and a Carpark Guidance & Payment System to Resorts World at Sentosa (RWS). This brings the total contract value for the Integrated Resort (IR) at Sentosa with RWS to $62 million. The contracts were awarded through ST Electronics' subsidiary, ST Electronics (Info-Comm Systems).
These contracts are not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.
These contracts add to the ones signed in December last year and will be delivered over the next 22 months. The contracts include centrally managed security system for real-time surveillance and monitoring of daily security operations, integrated network infrastructure for transmission of information and an intelligent carpark system. The systems will be implemented for RWS' attractions in the west zone of the resort - the Equarius Hotel, ESPA, Spa Villas, Marine Life Park and Equarius Water Park and the Maritime Xperiential Museum.
SEAH Moon Ming, President of ST Electronics said, "The award of these additional contracts is a testimony to RWS' confidence in ST Electronics' solutions. We are delighted that our proven technologies, related services and expertise will be showcased in Singapore's landmark IR project."