Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Singapore Stock Exchange  >  Singapore Technologies Engineering Ltd    S63   SG1F60858221


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Singapore Technologies Engineering : ST Engineering and Polyverse Corporation Join Forces to Provide Leading-Edge, Secure Operating Systems Solutions for Mission-Critical Platforms

11/04/2020 | 08:47pm EST

Singapore, 5 November 2020 - ST Engineering and cybersecurity solutions provider Polyverse Corporation today announced a strategic partnership to provide leading-edge, secure operating systems solutions for critical platforms, a game changer in the evolving cloud and Internet of Things (IoT)/edge computing landscape in the Asia-Pacific region.

With an increasing proliferation of cyberattacks that undermine the security of critical operating systems, the need for advanced and innovative security solutions that prevent zero-day attacks is heightened. Drawing on ST Engineering's established capabilities in mission-critical information and communications technology (ICT) for global government and commercial customers and Polyverse Corporation's groundbreaking technology and expertise in secure operating system solutions, both companies will collaborate to reinforce mission-critical platforms with an additional sphere of security that's unique to each operating system, across the spectrum of hardware, software and operating system layers in both on-premise and cloud environments.

'We see many synergies and complementary areas with Polyverse Corporation. Our partnership will enhance our suite of solutions with industry-leading, cloud-scale security capabilities, allowing us to provide secure large-scale complex systems to help businesses around the world protect their critical systems and stay ahead in the rapidly-evolving security landscape. It will also help to pave the way for both companies' expansion beyond Singapore to the global security market,' said Low Jin Phang, General Manager, Info-Software Systems, Electronics, ST Engineering.

'The combination of ST Engineering's extensive experience in developing mission-critical solutions and Polyverse's secure operating system platform solutions coming together organically to provide enhanced security capabilities to them, give additional assurance to our customers that their workloads run on a stable, highly secured and well protected software and operating system platform ecosystem. We are delighted to partner with ST Engineering to drive and accelerate growth for our customers in Singapore, the region and worldwide,' said Alex Gounares, Chief Executive Officer, Polyverse Corporation.

Headquartered in the U.S., Polyverse Corporation's leading-edge Polymorphing technology and secure operating system solutions mitigate the problem of delayed patching of memory exploits and prevent zero-day attacks before they can even start moving to spread across line of business work areas. The technology can also be embedded in operating system-dependent devices such as firewall appliances, network devices, IoT/edge computing devices and sensor platforms to effectively protect against hackers.


ST Engineering is a global technology, defence and engineering group specialising in the aerospace, electronics, land systems and marine sectors. The Group employs about 23,000 people across offices in Asia, Europe, the Middle East and the U.S., serving customers in the defence, government and commercial segments in more than 100 countries. With more than 700 smart city projects across 130 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 $7.9b in FY2019 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, iEdge SG ESG Transparency Index and iEdge SG ESG Leaders Index. For more information, please visit www.stengg.com.

Polyverse Corporation is a cybersecurity company that uses its revolutionary Polymorphing technology to mitigate the problem of delayed patching of memory exploits across global enterprises and governments and prevent devastating zero-day cyberattacks before they can even start to spread. Its technology has been validated by the U.S. Department of Defense to detect, defend and mitigate against memory exploits. Polyverse's turnkey solution installs in minutes and works with existing systems without changing performance, IT processes or user behavior. Founded in 2015, Polyverse is led by founder and CEO Alex Gounares. CNBC named Polyverse as one of the Top 100 Startups in the World. Visit our website, read our blog, and follow us on Twitter @PolyverseCorp.

Media contacts:

Desiree Wong
AVP, Corporate Communications
ST Engineering
Tel: (65) 6722 1690
Email: desiree.wongmy@stengg.com

Jo Harris
Chief Marketing Officer
Polyverse Corporation
Tel: +1 (855) 765-9837
Email: jharris@polyverse.com


ST - Singapore Technologies Engineering Ltd. published this content on 05 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2020 01:46:03 UTC

© Publicnow 2020
01/25SINGAPORE TECHNOLOGIES ENGINEERING : Emerging Stronger Taskforce's Alliance for ..
01/20SINGAPORE TECHNOLOGIES ENGINEERING : ITE and ST Engineering to Set Up On-Campus ..
01/18SINGAPORE TECHNOLOGIES ENGINEERING : ST Engineering Announces FY2020 Results on ..
01/17SINGAPORE TECHNOLOGIES ENGINEERING : ST Engineering Signs Five-Year Contract Wit..
01/14SINGAPORE TECHNOLOGIES ENGINEERING : Proof-of-Concept Trials of Autonomous Envir..
01/11SINGAPORE TECHNOLOGIES ENGINEERING : ST Engineering Appointed MRO Licensee for H..
01/08Telos Reaches Strategic Partnership Deal With ST Engineering
01/07Singapore Exchange Reports 75% Rise in 2020 Share Buyback Deals; DBS, Wilmar ..
01/07SINGAPORE TECHNOLOGIES ENGINEERING : ST Engineering Partners Telos Corporation t..
01/07SINGAPORE TECHNOLOGIES ENGINEERING : ST Engineering, Airbus and EFW Redeliver A3..
More news
Sales 2020 7 152 M 5 400 M 5 400 M
Net income 2020 518 M 391 M 391 M
Net Debt 2020 1 861 M 1 405 M 1 405 M
P/E ratio 2020 22,6x
Yield 2020 4,01%
Capitalization 11 684 M 8 820 M 8 821 M
EV / Sales 2020 1,89x
EV / Sales 2021 1,75x
Nbr of Employees 23 000
Free-Float 99,4%
Duration : Period :
Singapore Technologies Engineering Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 4,03 SGD
Last Close Price 3,75 SGD
Spread / Highest target 22,7%
Spread / Average Target 7,56%
Spread / Lowest Target -14,1%
EPS Revisions
Managers and Directors
Sy Feng Chong President, CEO & Non-Independent Director
Chong Seng Kwa Chairman
Serh Ghee Lim Group Chief Operating & Commercial Officer
Chee Keng Foo Chief Financial Officer
Weng Yip Chan Chief Technology & Digital Officer