Singapore, 22 July 2019 – The Agency for Science, Technology and Research (A*STAR) and ST Engineering have signed a memorandum of understanding to co-develop innovative solutions for smart cities.
This long-term partnership will focus on technology co-development, adoption and commercialisation in four key areas: robotics, smart mobility, smart communications and healthtech. Examples of technologies that will be focused on include advanced material-handling robots for robotics; all-weather autonomous vehicles for smart mobility; satellite communications and the Internet of Things for smart communications; as well as intelligent workflows and analytics for healthtech. A*STAR will pull technological capabilities from across its research institutes to co-develop innovative solutions with ST Engineering. The partnership will drive new business outcomes in Singapore and in overseas markets for ST Engineering and its small and medium-sized enterprise (SME) partners.
“A*STAR is committed to strengthening local enterprises such as ST Engineering, in particular to expand its overseas markets through digital innovation and deep tech. A*STAR has had a close partnership with ST Engineering since the early 2000s – today’s MOU serves to bring our partnership to the next level. I am confident that this collaboration will create new opportunities within the local ecosystem in Singapore, and exciting opportunities for ST Engineering’s SME partners in overseas markets,” said Mr. Frederick Chew, Chief Executive Officer, A*STAR.
“This MOU with A*STAR serves as another collaboration platform for us to work with some of the best minds in research and engineering to create differentiated, commercially viable smart city solutions that will further enhance our global competitiveness,” said Mr. Vincent Chong, President & CEO of ST Engineering. “It also builds on our commitment to build a strong ecosystem involving our local enterprises so that collectively and individually, we can make our mark globally for innovative solutions.”
About the Agency for Science, Technology and Research (A*STAR)
The Agency for Science, Technology and Research (A*STAR) is Singapore's lead public sector agency that spearheads economic oriented research and development. As a Science and Technology Organisation, A*STAR bridges the gap between academia and industry. Our research creates economic growth and jobs for Singapore, and enhances lives by contributing to societal benefits such as improving outcomes in healthcare, urban living, and sustainability. Through open innovation, we collaborate with our partners in both the public and private sectors to benefit society. A*STAR’s R&D activities span biomedical sciences and physical sciences and engineering, with research entities primarily located in Biopolis and Fusionopolis. A*STAR also plays a pivotal role in nurturing scientific talent and leaders for the wider research community and industry. For ongoing news, visit www.a-star.edu.sg.
About ST Engineering
ST Engineering is a global technology, defence and engineering group specialising in the aerospace, electronics, land systems and marine sectors. The Group employs about 22,000 people across offices in Asia, the Americas, Europe and the Middle East, serving customers in the defence, government and commercial segments in more than 100 countries. With more than 500 smart city projects across 70 cities in its track record, the Group continues to help transform cities through its suite of Smart Mobility, Smart Security and Smart Environment solutions. Headquartered in Singapore, ST Engineering reported revenue of $6.7b in FY2018 and it ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, MSCI Singapore, SGX ESG Transparency Index and SGX ESG Leaders Index. For more information, please visit www.stengg.com.
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