ST Electronics to solve crimes with new US$8 mln contract

ST Engineering’s electronic arm secures contract to provide SMART vehicle and asset tracking devices for recovery of stolen vehicles and goods.

In a release on Thursday, ST Electronics, said announced that its subsidiary, Telematics Wireless Ltd (Telematics Wireless), has been awarded a contract worth US$8m and an option worth US$2m by Ituran Location and Control Ltd (Ituran) to provide SMART vehicle and asset tracking devices (SMART) for the recovery of stolen vehicles and goods.

Telematics Wireless is a subsidiary of ST Electronics’ subsidiary, ST Electronics (Info-Comm Systems) Pte Ltd. SMART is a miniature tracking device that can be easily installed on assets and forms part of TWatch, a highly advanced terrestrial location and security system developed by Telematics Wireless. TWatch is presently serving more than 600,000 users in Europe and South America.

“We are excited by the potential and growth in the M2M (Machine-to-Machine) applications and wireless telemetry market. This contract award further strengthens our position in the fast-growing M2M industry as we continue to invest in cutting-edge technologies and innovative products and solutions to serve the needs of our global customers.” Lee Fook Sun, president of ST Electronics.

Equipped with a built-in battery, SMART is highly cost-effective and resistant to radio interference. The device employs advanced techniques to optimise battery life, which typically lasts five years, and proprietary algorithms to ensure highly accurate location readings in open areas as well as places obstructed by foliage or tall buildings, the release from ST Engineering said.