STRATECH WINS $2.4 MILLION CONTRACT
- Stratech Awarded $2.4 million Government Contract For Medical Claims Proration System
Singapore, December 19th, 2011 - Singapore Exchange Mainboard listed Stratech Systems Limited ("Stratech") is pleased to announce that it has been awarded a contract worth $2.4 million (including options) by the Government of Singapore to 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 civil servants. In the new contract, Stratech will continue to provide maintenance services and operations support over the next 1 year with an option to extend up to another year.
The contract will have a positive impact on the Group's financials from 1st January 2012.
About Stratech Systems Limited (“Stratech”)
Stratech Systems Limited ("Stratech") was listed on the Mainboard 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.
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
For more information, please contact:
Ms. Phoebe Heng
Tel: +65 6799 6509
Fax: +65 6323 2177