STEng – BT
ST Electronics wins $58m contracts
ST Engineering’s electronics arm, ST Electronics, has secured contracts worth $58 million for intelligent transportation systems and info-security projects.
Intelligent transportation systems projects account for $30 million.
In Thailand, ST Electronics will implement an automatic fare collection system (AFCS) for the Silom Line extension of Bangkok’s mass transit system.
The fare system will be for stations from Wong Wian Yai to Bang Wa and is scheduled for completion by the end of next year.
In China, ST Electronics will provide consultancy expertise for an integrated transport platform for a major city in the western part of the mainland.
This consultancy will include the design of a platform for subsystems such as CCTV, licence plate recognition, automated incident detection, dynamic messaging and parking guidance, traffic signal controls and enforcement system, as well as control centre and expert systems.
With the integrated transport platform, residents will benefit from the safe, efficient and enhanced intelligent transport system infrastructure.
In Singapore, the company is one of four consortia awarded a tender by the Land Transport Authority to conduct an 18-month system evaluation test for the next generation of electronic road pricing system.
Elsewhere in Asia, ST Electronics will deliver over the next 12 months a number of eco-enabling traffic management improvement projects, including the implementation of a radar and central management system for the purpose of monitoring traffic.
Info-security projects, which account for $28 million of the contract value, include the implementation of info-security devices and solutions for a national infrastructure project as well as a security incident and event management system.
In addition, the company will set up a cyber security operations centre, which will strengthen ST Electronics’ capability in the area of cyber security.
ST Engineering shares closed four cents higher at $2.88 yesterday.