Extend business reach to overseas customers

One of our Group companies, Marshal System Pte Ltd (

of approximately S$1.1 million from a leading Singapore yard to supply Fire and Gas Detection,

Telecommunications, and Controls and Instrumentation systems to a Brazilian rig owner. Thisthe “Marshal”) have been awarded contracts

represented the Group’s first successful foray into the Bra

further opportunities in the tendering and evaluation stages.

Another subsidiary, Viking Airtech Pte Ltd also secured its first major order from a leading Indonesian

infrastructure fabricator for an offshore platform to be commissioned in Myanmar. The initial award is

for an estimated S$2.3 million to provide turnkey system for Heating, Ventilation, and Air Conditioning

systems including offshore supervision and commissioning in Myanmar. This project award is one of

the numerous opportunities the Group has participated in, and the remainder are still under tendering.

Promoter Hydraulics Pte Ltd also won a contract of approximately S$1.9 million with a large

Australian infrastructure contractor for the deployment of mooring winches and power packs for the

Gorgon liquefied natural gas project in Western Australia.

The Group has been executing on its planned Internationalisation strategy since the beginning of the

year. The results have thus far been encouraging and will continue to be the focus going forward to

enlarge our international customer base.

Expand business portfolio through adding capabilities

Concurrent to expanding our customer base overseas, the Group have also been broadening our

offerings portfolio by developing additional capabilities. Recognising the sizable required investment

and competing resources needs and potentially low yielding research and development activities, the