ST Engineering Annual Report 2020

/ ST ENG I NEER I NG 44 2 020 was a year marked by unprecedented challenges and headwinds for many sectors of the global economy. Despite the challenges, we continued to perform well across our business areas, advancing our vision of shaping and transforming global smart cities through technology and innovation. While disruptive on many fronts, the pandemic has created new opportunities and accelerated digitalisation on a global scale. With the shift towards digital connectivity and remote work, we saw increased demand and opportunities in cybersecurity, secured digital solutions, data centre management, cloud solutions as well as command and control solutions. Pivoting with speed and agility, we leveraged our technologies and deep engineering expertise to adapt our smart city solutions to help Singapore and countries in the region in the fight against COVID-19. Our solutions were deployed in areas such as surveillance and monitoring, access control, mass fever screening, command, control and communications systems and public safety and health. Amid business disruptions, we employed creative means to maintain customer engagement and service to ensure their business continuity. The commitment to serve, coupled with our strong track record and reputation, contributed significantly to the continued growth of our core businesses even during this challenging time. As we continued advancing our smart city track record, we maintained our focus on R&D and embarked on strategic OPERATING REVIEW & OUTLOOK ELECTRONICS collaborations with industry and academia to remain at the forefront of technology. Our partnerships with Montran Corporation and Polyverse Corporation enhanced our capabilities in new domains, enabling us to offer critical digital financial services and advanced secure operating system solutions for mission-critical platforms. We also invested in CloudSphere through our Corporate Venture Capital fund, accelerating and scaling our capabilities in Professional and Managed Services in public clouds to provide greater value to our customers. Satellite Communications and Earth Observation As a leading satellite communications manufacturer and solutions provider, we provide Successfully integrated Newtec and Glowlink with U.S.-based iDirect to form an enlarged Satcom group Launched GEOEARTH, a one- stop cloud-based geospatial analytics platform that provides immediate access to satellite imagery data and analytics Launched Singapore’s first barrier-free Smart Car Park at the Nanyang Technological University, Singapore WHAT WE ACHIEVED IN 2020