ST Engineering Annual Report 2020

CORPORATE OVERVI EW PERFORMANCE REVI EW SUSTAINABI L ITY CORPORATE GOVERNANCE F INANCIAL REPORT is designed to create greater accessibility and convenience for passengers with reduced mobility. This innovation is able to increase the lavatory's footprint by 40% without requiring a reduction in galley space or existing seating capacity. When it comes to manufacturing cabin interior and aircraft parts in a cost-efficient and just-in-time manner, we continued to leverage our certification and engineering expertise to advance the use of additive manufacturing to produce cabin parts. We made gains in this area when we successfully achieved EASA’s STC for additive manufactured housing assemblies in converted freighters. The milestone, made possible through close collaboration with industry partners and researchers, reflects a higher level of maturity in the application of two processes, polymer laser sintering and direct metal laser sintering, to manufacture aircraft components. This allows us to increase our digital inventory and offer a wider range of additive manufactured parts to customers. In light of how the pandemic has turned the spotlight on aircraft cabin conditions, we applied our design and certification expertise to develop a suite of solutions to meet the need for increased personal hygiene and social distancing measures during air travel. Among these solutions are Plasma ResoShield ® , a patented water-based anti-microbial coating certified safe for application in cabin interiors, and seat separators that can be easily installed without requiring the removal of seats, to allow for safe distancing and segregation between adjacent passengers. Unmanned Solutions Our DroNet solution scaled new heights as it was deployed in new and exciting applications that ranged from public security to food delivery, paving the way for wider use of drone technologies. As part of our effort to innovate and deliver transformative and operationally-ready solutions for homeland security, we worked National para-powerlifter Kalai Vanen testing the expandable aircraft lavatory at the Singapore Airshow 2020 with HTX (Home Team Science and Technology Agency), a statutory board under the Ministry of Home Affairs in Singapore to trial drones that can travel long distances beyond an operator’s visual line of sight with the view of saving lives, protecting properties, as well as enhancing public safety and security. The trials took place in the industrial areas in Tuas, Singapore. We took a big step towards the future of food delivery by drones when we entered into an agreement with delivery platform, foodpanda, to trial the use of drones for last- mile food delivery. In August, we carried out a demonstration using our drone solution to deliver food from a pier to crew members onboard a vessel some three kilometers offshore. Following that success, we moved on to the next phase of the collaboration to trial drone operations with longer flight durations. During the year, we also continued to collaborate with industry partners to make significant advancements to our DroNet solution by teaming up with Wilhelmsen Ships Service to develop and test drone solutions for shore-to-ship parcel deliveries in Singapore. Aviation Asset Management Our joint venture with Marubeni for engine leasing, Total Engine Asset Management (TEAM), executed the sale of a portfolio of aircraft engines during the year using an asset backed securitisation structure. The sale represents a major milestone for our engine leasing business, allowing us to recycle our capital while retaining TEAM’s asset manager role to create value for lessors through our innovative asset management solutions. 41 ANNUAL REPORT 2 0 20 /