SHOWCASING CONTINUOUS INNOVATION AT SINGAPORE AIRSHOW 2022 At Singapore Airshow 2022, ST Engineering showcased close to 100 of its innovations across its commercial and defence businesses as the largest exhibitor of the tradeshow. The 2022 airshow was the first major trade and exhibition show that we participated in after the easing of air travel and border controls, providing an important platform for the Group to reconnect with its customers and other stakeholders in person. The exhibits that ST Engineering put together featured new and proven solutions as well as solutions that had been enhanced or ready to go into commercialisation since their showcase at the last airshow. Such solutions include the latest applications of its unmanned aircraft system, DroNet, in real-life missions at Singapore’s reservoirs and Southern Islands; the new hybrid Terrex 8x8 Infantry Fighting Vehicle; and the all-new AGIL Smart City Operating System which centralises performance data into a single platform to provide analytics-driven insights that power future smart cities. These exhibits fully demonstrated the Group’s steadfast commitment in solving real-world problems with continuous innovation, which remained undeterred despite challenges posed by the pandemic. Driving Innovation in ST Engineering Establishing strategic collaborations and sustaining an innovative culture help our engineers to expand their competencies and accelerate growth for the business, as well as in their professional development. Throughout the year, we have numerous initiatives and programmes to drive an innovative culture. CI2 Programme & Best-of-Best Continuous Improvement Awards Incremental improvements are the simplest form of innovation. CI2, an internal continuous improvement programme, drives operational excellence. This is done by consolidating, sharing, promoting, and implementing best practices across the Group, as well as aligning and standardising systems and processes for our technology and engineering community. The annual Best-of-Best Continuous Improvement Awards reward the most outstanding refinements made group-wide to improve existing work processes. Seminars on Engineering, Technology and Innovation For engineers to deepen their domain knowledge, learn about the latest developments in emerging and trending technologies and better understand other engineering disciplines for collaboration, we host regular seminars covering a range of engineering, technology and innovation topics, such as Blockchain, 5G and end-to-end MRO solutions. By gaining knowledge, participants can adapt their work to better meet evolving customer needs and pivot accordingly to grow the business for the long-term. InnoChamp honours engineering teams that have launched outstanding innovations in the last 12 months. It celebrates our engineers who have worked tirelessly to see to the success of their innovations. In.Vent focuses on the ideation and development of innovative products, technologies, solutions, and services that have the potential to capture new markets. Shortlisted teams will participate in a twomonth full-time Venture Sprint to validate their ideas and develop an investible business plan. Through Research Translation @ ST Engineering, our engineers work together with partner researchers to drive impactful translational research and develop commercially viable offerings that meet fast-evolving market needs and customer demands. This year, we bolstered these collaborations with the ST Engineering Distinguished Professor Award to recognise researchers with outstanding contributions to the strategic goal of achieving impactful research translation. More about Research Translation @ ST Engineering CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT 27
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