ST Engineering Is The Only Company In Singapore Ranked In Forbes' List Of The World's Most Innovative Companies

Singapore, 21 August 2014 - Singapore Technologies Engineering Ltd (ST Engineering) announced that it is the only company in Singapore to make it to Forbes' list of The World's Most Innovative Companies. It is ranked 87 out of 100 companies globally, with an Innovation Premium of 33.6%. 

"We are honoured to be in this ranking which shows that the market recognises the innovative culture of ST Engineering," said Mr Tan Pheng Hock, President & CEO of ST Engineering."Over the past years, we have generated many successes that demonstrate how we bring engineering and technology together to create solutions that give our customers an edge in what they do, wherever they are." 

 At ST Engineering, there are several platforms within the Group that foster an innovation culture, and draw out ideas from employees. These include annual innovation awards, idea awards and team excellence awards. A biennial THINKOUT session also taps the entrepreneurial and creative problem solving skills of employees from across the business sectors and functions, to generate new perspectives as well as insights to overcome challenges facing its customers. 

 Notes to Editor:
 The Innovation Premium is a measure of how much investors have bid up the stock price of a company above the value of its existing business based on expectations of future innovative results (new products, services and markets). Members of the list must have $10 billion in market capitalisation, spend at least 2.5% of revenue on R&D and have seven years of public data. Log on to www.forbes.com/innovative-companies/list/for more information on the ranking.

ST Engineering(Singapore Technologies Engineering Ltd) is an integrated engineering group providing solutions and services in the aerospace, electronics, land systems and marine sectors. Headquartered in Singapore, the Group reported revenue of S$6.63b in FY2013 and ranks among the largest companies listed on the Singapore Exchange.  It is a component stock of the FTSE Straits Times Index, FTSE ASEAN 40 Index, MSCI Singapore and other indices. ST Engineering has more than 23,000 employees worldwide, and over 100 subsidiaries and associated companies in 46 cities across 24 countries.www.stengg.comfor more information. 

Media contact:                                   
Lina Poa         
SVP, Corporate Communications
ST Engineering
Tel: (65) 6722 1883 / 9696 5453
Email: linapoa@stengg.com

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