Singapore Exchange Mainboard-listed Stratech Systems Limited has signed a Memorandum of Understanding (MoU) with Modern Times Technical Systems (MTTS) to market, sell, implement and support Stratech’s iFerret™ intelligent Airfield/Runway Surveillance and Foreign Object & Debris (FOD) Detection System to the international airports in the Kingdom of Saudi Arabia.
Approved by the US FAA (Federal Aviation Administration), iFerret™ is the world’s first intelligent Vision-based FOD detection system, providing real-time, automated FOD detection, location, classification and recording. It can be deployed in civil airports as well as military airbases, to help prevent potential aircraft damage and fatalities caused by FOD. Airports that iFerret™ has been deployed include Changi International Airport in Singapore, Chicago O’Hare International Airport in the US and Düsseldorf International Airport in Germany.
MTTS is a provider of Low Current Integrated Systems (Security, Audio/Visual, IT, Telecom) and cutting-edge technology solutions for Electro-Mechanical, Water Technology and Renewable Energy products and services. It is a subsidiary of Construction Products Holding Company (CPC) which is part of the Saudi Binladin Group (SBG), a Jeddah-based multinational construction conglomerate. One of CPC and SBG’s many notable projects includes the new King Abdulaziz International Airport in Jeddah, one of the key airport hubs in the region.
On the partnership, Stratech Executive Chairman, Dr. David K.M. Chew commented, “As our partner, MTTS is capable of supporting the civil, mechanical and electrical works and providing Level 1 and Level 2 technical support after the systems have been installed, tested and commissioned.”
He added that “there is tremendous potential in the Kingdom of Saudi Arabia, where there are 4 international airports and 23 domestic airports – a total of 27 airports with more than 31 runways. Saudi Arabia is one of the leading countries in the Middle East, a region where the aviation industry is expected to grow strongly, supported by rapid development in the economy. In fact, just earlier this year, the government had announced that it plans to invest more than US$50 billion in the aviation sector over the next five years.”
Source: Stratech Systems Limited
Date: Nov 14, 2012