URBAN SOLUTIONS & SATCOM WHAT WE ACHIEVED IN 2024 Advanced smart city leadership position with strategic rail contracts in Thailand and Australia, and Smart City Operating System contract in Qatar Expanded global operations with new offices in Canada, Australia and Qatar Released an initial version of Intuition to customers for testing, and continued efforts to drive an interconnected satellite-terrestrial ecosystem OPERATING REVIEW AND OUTLOOK SMART MOBILITY Our Smart Mobility business continued to grow its global footprint, clinching rail and road transportation projects around the world. Showcasing our technology leadership, deep domain expertise and competitive differentiation, we won contracts across multiple regions. In Thailand, we expanded our contributions to Bangkok’s metro infrastructure by providing advanced smart metro solutions for the Mass Rapid Transit Blue and Orange Lines. In Australia, we were appointed to deliver our AGIL® Passenger Information System for 65 new trains under the Queensland Train Manufacturing Program. In Taiwan, we were commissioned to upgrade the rail digital radio system for Taipei Metro’s operations control centre and provide our smart metro solutions for selected stations on the Kaohsiung Red Line Extension. In Singapore, we were entrusted to deliver various smart metro solutions for the Cross Island Line, Jurong Region Line, North-South Line and East-West Line. The demand for smart city solutions in our focus markets remained robust, driven by continued urbanisation, need for safety and a growing emphasis on sustainable development. Cities continued to invest in infrastructure upgrades, adopting advanced technologies to enhance operations and services for more responsive, sustainable and liveable environments. Against this backdrop, our Smart Mobility and Smart Utilities and Infrastructure businesses maintained their strong growth momentum, strengthening our global presence and impact with key contract wins that added to our global track record of over 800 smart city projects in more than 150 cities. With a clear commitment to helping cities address their evolving challenges, we continued to focus on strengthening our technology leadership, delivering next-generation smart city solutions that integrate advanced technologies including AI and Generative AI (GenAI) to strengthen our competitive differentiation and value proposition. Together, these helped to reinforce our position as a trusted technology partner for smart city transformation. 38 ST ENGINEERING | ANNUAL REPORT 2024
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