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The ATTC created a splash when it was launched at majorinternational exhibitions.In the US market, we gavedemonstrations to various agenciesincluding the Special Forces andMarine Corps, and took part in majorexhibitions such as the Tactical andSecurity Resources Expo (TREXPO);National Defense IndustrialAssociation Symposium & Exhibition(NDIA); and the Association of theUS Army (AUSA) Convention andExhibition. A SAR 21 “shoot-off ”was conducted at the NationalRifle Association firing range inFairfax,Virginia, for journalists,Congressional staffers and militaryofficials.Elsewhere in the internationalarena, the SAR 21 was demonstratedin the Middle Eastern, African andAsian countries.At home, we delivered the firstbatch of rifles to the SingaporeArmed Forces (SAF), well in timefor its public debut at the NationalDay Parade in August.INNOVATION AND SPEEDThe year saw the launch of our newflagship vehicle – the All TerrainTracked Carrier (ATTC) – a highlymobile and versatile articulatedtracked vehicle with an unsurpassedpayload of 5.5 tons. It was developedin response to the tremendous marketpotential in the US and Europeancountries.Built for both militaryand commercialapplications, the ATTCmade its debut at AsianAerospace 2000 inFebruary. It has sincebeen on exhibition atEurosatory in Paris andAUSA in WashingtonD.C., where it receivedrave reviews in themedia. In Singapore,the ATTC was awardedthe Defence Technology Prize bythe Ministry of Defence in Novemberin recognition of our technologicalinnovation and contribution to thenation’s defence.Manufacturing processes and automatedsystems such as the 40mm fuse assemblyline were streamlined for greater efficiency.Besides the ATTC, threevariants were introduced to theBionix family this year – theRecovery Vehicle, the ArmouredVehicle Launched Bridge andInfantry Carrier Vehicle.Designed using the Bionixplatform, they achieve maximumcommonalities in line with today’srequirements for a family of variantswhich can provide the full spectrumof combat capabilities.MOVING FORWARDAS A TOTAL LAND DEFENCESYSTEMS PROVIDERMilitary forces around the worldhave increasingly come to theconclusion that a prime requirementfor their future is the creation oflighter, highly mobile forces withenhanced firepower.We are continuously centeringour products and R&D efforts tomeet these requirements.In addition to our automotiveinnovation, we have embarked onseveral projects to develop newweapon and munition systems suchas the Self-Propelled Rapid FiringAdvanced Mortar System, theLight-Weight Wheeled-Based FieldHowitzer and the 40mm Air BurstingMunitions System.The commitment shown byour NATO customers reaffirmsthe international standing of ourproducts. In the third quarter, wesecured our first overseas contractfor artillery gun sub-systems froma NATO country after extensivetests by the customer.In addition, we received repeatorders from Sweden for our 40mmHigh Velocity self-destruct rounds,and are working with a few countrieson evaluating and qualifyingthis product to NATO standards.The 40mm rounds – nicknamed“green” grenades because of theirself-destruct fuses – are also beingevaluated for the US market underthe Foreign Comparative Testingprogramme.On the home front, we clinchednew orders from the Ministry ofDefence, primarily for new vehicles,vehicle upgrade programmes andmunitions.As an integrated systems supplier,the Land Systems sector can nowoffer better solutions, combiningplatforms, weapons and munitions tomeet the exacting requirements ofour customers.INTERNATIONAL VISIBILITYWe want our products and capabilitiesin design and developmentto be known as widely as possible.This year, we participated in majordefence exhibitions like AsianAerospace 2000 in Singapore, FIDAEin Chile, SOFEX in Jordan,Eurosatory in Paris, Defence Asiain the Philippines, Defendory inGreece and AUSA in Washington,D.C.Through these platforms, wemanaged to spur greater awarenessand foreign interest in our products.The year also saw us playinghost to dignitaries from around theworld.They included US CongressmanBob Riley, the US House ArmedServices Committee comprising theChairman, US Congressman FloydSpence and US Congressman SolomonOrtiz, and the UK Chief of DefenceProcurement, Sir Robert Walmsley,among others.These visits offeredadditional opportunities for us toshowcase our capabilities and products.The FLYER Light Strike Vehicle.As an integrated systemssupplier, the Land Systemssector can now offer bettersolutions, combiningplatforms, weapons andmunitions to meet theexacting requirements ofour customers.STRATEGIC PARTNERSHIPSFOR LONG-TERM GOALSThe bid for the US IAV tender wasnot a “one off ” project, but part ofour long-term effort to expand intointernational markets.This cannot beachieved solely through doing businessfrom Singapore.We recognise the need to localiseoperations in our customers’countries, and with the US IAVprogramme,Vision TechnologiesKinetics, Inc. (VT Kinetics) wasestablished.Incorporated in Delaware in April,VT Kinetics has its headquarters inHuntsville, Alabama, where its keypartners for the IAV programme arelocated. It has paved the way forfurther penetration of the marketthrough partnership arrangementswith leading US-based defence engineeringfirms (such asTeledyne Brown Engineeringand Army Depots) to manufacturenot just the Bionixbut also other land systemsproducts.In October,VT Kineticsregistered formally to bid forthe United Kingdom’s (UK)Armoured Battle Group SupportVehicle (ABSV), another majorvehicle programme.The UK Armyneeds a new tracked vehicle toreplace its existing aging armouredsupport vehicles. Between 500 to1000 vehicles will be required forfielding scheduled after 2005.The Land Systems sector has alsosecured world (less North America)marketing rights for the FLYER LightStrike Vehicle through a Manufacturingand Marketing Agreement with ourUS partner, HSMV.The past year saw Takata-CPI, ajoint venture company formedbetween Chartered PyrotechnicsIndustry and Takata Corporation(Japan), consolidating final designreview and product validation ofInitiators and Gas Generators for theairbags and seatbelt systems for carmanufacturers. Production willcommence early next year.INVESTING IN THE FUTUREWe’re thinking ahead.The LandSystems sector is investing in keyareas for the future such asAlternative Energy Transportationand Clean Power Strategy.This year,we collaborated with the NationalUniversity of Singapore and theInstitute of Materials Research andEngineering to research and developa low-cost fuel cell membrane.Ourother technology partners includeH Power, an American companyspecialising in fuel cell assembly, in86 • visionre:view • 87
which we have invested US$5 million,representing a 3.8% stake.In July, we signed an agreementwith the Nanyang TechnologicalUniversity to set up a collaborativeR&D programme spearheadingresearch in Advanced and IntelligentMechatronics.in China and Hong Kong.Thesebuses will undergo road testing inBeijing, Shenzhen and Hong Kong.We have embarked on twodevelopment initiatives with SolectriaCorporation (a US company withelectric drive technology) for aStirling Engine-based DistributedGenerator system and a StirlingEngine-based Hybrid Bus.Thesedevelopments are expected to beready in March and June 2001respectively.In addition, we are pleased toreport that interest in the trendy,low-cost Electric Bicycles manufacturedby SEEV has grown steadilyand has contributed positively to oursales in Shanghai.Pemeriksaan Kenderaan BerkomputerSdn Bhd (PUSPAKOM) to develop asimilar portal in Malaysia.The MOUmarks STA Inspection’s first forayinto the region with its e-commerceinitiative.The Malaysian portal willbe named “juzclickcar.com.my” andhave a potential target market ofmore than three million passengercars.E-initiative is also being embracedthrough the establishment of B2Bautomotive parts exchange inSingapore as well as automotivecertification and services in Malaysiaand the region.We plan to seekstrategic partners who possess strongdomain knowledge and are leadersin technology that will add value tothe collaboration.We will continue toaccelerate into the21st Century byinvesting in cuttingedgetechnologiesand research anddevelopment in orderto stay relevant to theever-changing needsof our customers andthe market.It has successfully provided newservices such as Speed Lube quickservicing and instant windscreenreplacement as new value-addedservices to the motoring public.taxi services, CityCab will continueto harness the potential of theInternet and aggressively explore theuse of technology in its transactionswith drivers and customers. It willembark on a comprehensive trainingprogramme, tapping cyber-modes oflearning to create a new breed ofdrivers equipped with the relevantskills for the new economy.CityCab remained profitable overthe year by strengthening its marketLay to accommodate and consolidateall our operations by 2005.Construction is expected to begin in2001, with the first building beingcompleted in 2003.The Bionix was ourfirst step in product design and developmentto meet the stringent demandsof our international customers.We will continue to accelerateinto the 21st century by investing incutting-edge technologies andElectric drive systems for electric andhybrid vehicles are the alternative to conventionaldrive systems in the new century.This year, we took a 20% equityinterest in Int. Silvatech IndustriesInc. of Canada (ISI) through ourinvestment holding company,Mobility Systems Pte Ltd.Together with ISI, we have jointlydeveloped a Syncro Track Hydro-Mechanical Drive Train retrofitkit that offers enhanced vehicleperformance and design flexibilitythrough lower system costs.Shanghai Elite Electric VehiclesCo. Ltd (SEEV) has begun to codevelopseveral prototype electricvehicles and to co-invest in hybridbus projects with three other partiesE-INITIATIVESThe launch of juzclickcar.com.sg(an electronic portal for the sale andpurchase of certified used cars) was atimely and well-conceived move onour part.The website is now themarket leader in the field of used carauction, enabling us to become aone-stop provider of services includingfinance, insurance, vehicle certificationand online trading.Juzclickcar has attracted over42 million hits at year end since itslaunch in February. It has also transactedover S$16 million worth ofused car sales, which is close to 70%of total online transactions for usedcar trading in Singapore.In June, NTUC Income, ourstrategic business partner, took up a15% stake in juzclickcar.com.sg,giving us access to its database of700,000 policyholders in Singapore.In October, STA Inspectionsigned a Memorandum of Understanding(MOU) with PusatWe have capitalised on ST Engg’stie-up with Freemarkets, a reverseauction site for purchase of big ticketitems.To date, about S$44 millionhas been transacted through reverseauction, with an average saving ofabout 18% on bought-in materialand services.We will continue to source newpartners and methods in our effortsto increase productivity whiledriving cost factors down.STAR – NEW INITIATIVESIN CUSTOMER SERVICEWith the establishment of moresatellite centres, STAR AccidentRepair has introduced the “e-eye,” acustomer facility which providesinstant electronic surveyor approvalfor the repair of vehicles damaged inaccidents. Approved by top insurancecompanies, this initiative will helpto increase efficiency in accidentreporting and bring positive growthto STAR.To date, 14 insurance companieshave made STAR their authorisedquality workshop.STRONG OUTLOOK FOROPEL CARS AS E-INITIATIVESARE INTRODUCEDThe issuing of more Certificates ofEntitlement (COEs) and introductionof new Opel models like the Omegaand Zafira MPV have propelled salesthis year.Overall sales exceeded ourvolume target and contributed positivelyto the company’s bottom line.We have introduced another serviceoutlet to provide after-sales serviceat our Portsdown Road facility.The launch of opel.com.sg has seta new service standard for the industryas our customers now have accessto electronic service booking andprice information online. In the comingyear, e-accessories and e-loyaltyprogrammes will be introduced.CITYCAB – DRIVINGTOWARDS BETTER TRAININGAND EFFECTIVENESSTo reinforce its position as an industryleader in providing personalisedWe conduct independent certification programmes for used cars.share through its fleet expansionprogramme.It will increase its efforts toachieve maximum efficiency andlower operating costs and, in its pursuitof business excellence, will takeactive steps to prepare to meet theSingapore Quality Award standards.LOOKING FORWARDTo further enhance our efficiencyand growth, we have plans in placeto redevelop our site in Jalan Boonresearch and development in orderto stay relevant to the ever-changingneeds of our customers and themarket.Today, with our wider portfolioof products and services, thechallenge for the Land Systemssector is to increase market penetrationthrough the creation of greaterawareness of our system and productcapabilities globally.Can we live up to our name? Onthe basis of the past year’s performance,we believe so.88 • visionre:view • 89
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Page 8 and 9: Helping OthersLADY WHO MAKESA DIFFE
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Page 40 and 41: R E : V I E WElectronicsBy Seah Moo
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Page 84 and 85: GROUPCOMPANY2000 1999 2000 1999NOTE
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Page 90 and 91: their audit to the independent dire
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AEROSPACE SECTOR VALUE ADDED STATEM
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ELECTRONICS SECTOR BALANCE SHEETSEL
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international recognition as a majo
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REVIEW OF FINANCIAL PERFORMANCE - M
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MARINE SECTOR FINANCIAL HIGHLIGHTS1
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SINGAPORE TECHNOLOGIES KINETICS LTD
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Professor Lui Pao Chuen is the Chai
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Contacte-mailContacte-mailASSOCIATE
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MARINE SECTORASSOCIATED COMPANIESNO
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PROXY FORMSINGAPORE TECHNOLOGIES EN
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end page• AEROSPACE• ELECTRONIC
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