Golden Saint Technologies Limited GST's subsidiary awarded US$1M data centre project (9971J)
December 11 2018 - 2:00AM
UK Regulatory
TIDMGST
RNS Number : 9971J
Golden Saint Technologies Limited
11 December 2018
The headline for the Golden Saint Technologies Ltd announcement
released on 10 December 2018 at 7:00AM under RNS No 9326J should
read "GST's subsidiary awarded US$1M data centre project". The
announcement text is unchanged and is reproduced in full below.
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
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WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
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RELEASE, PUBLICATION OR DISTRIBUTION WOULD VIOLATE THE RELEVANT
SECURITIES LAWS OF SUCH JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014
For immediate release: 10 December 2018
Golden Saint Technologies Limited
("GST" or the "Company")
GST's subsidiary awarded US$1 million data centre project
GST, an integrated information and communication technology
infrastructure solutions provider, is pleased to announce that its
wholly owned Singapore subsidiary, EMS Wiring Systems Pte Ltd
("EMS"), has entered into an agreement for the installation of a
data centre in Singapore valued at circa US$1 million. This is
equivalent to three times the average monthly turnover of the
Company during the same period for the 2018 financial year.
Pierre Fourie, Group Managing Director of GST, commented: "As
stated during our IPO road show, the directors believed that
becoming a listed company could change perceptions of GST in the
eyes of larger potential customers and so potentially increase
company turnover. We have expanded our engineering design and
installation teams to ensure that we can execute larger scale
projects on time and within budget."
The scope of the agreement with an international data centre
company(1) , includes a data centre security cage system, a server
rack system, and Mechanical, Electrical and Plumbing (MEP) works,
to be completed in one month. 451 Research predicts, in their fifth
annual report, that Singapore's colocation and wholesale data
centre market will reach US$1 billion in revenue by 2021.(2)
Tone Goh, Chairman of GST, comments: "We are pleased to
demonstrate organic growth to our shareholders in the pursuit of
sustained value creation - GST's goal."
About GST
GST builds on the profitable ICT business of its Singaporean
subsidiary EMS Wiring Systems, which has been supplying governments
and large private organisations with intelligent building solutions
for the last 28 years. GST's strategy is to develop solutions to
meet the needs of the ICT industry, acting on the surging
opportunities in the technology and innovation sectors - Data
Centres, Intelligent Buildings, Smart Cities and the Internet of
Things - and particularly targeting emerging markets where the
demand for ICT infrastructure is rapidly increasing.
For more information: www.goldensaint.com/media/
Notes
1. Due to confidentiality provisions contained in the agreement,
GST is unable to disclose the name of the client.
2. Fifth annual report "Multi-tenant Datacenter Market: Singapore". 451 Research
ENDS
Enquiries
The Company
Pierre Fourie, Managing +44 20 7097
Director London 8926
Australia +61 8 6189 8531
Tone Goh, Executive Chairman Singapore +65 6444 2988
Investor Relations
+44 7949 690
Cassiopeia - Stefania Barbaglio London 338
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END
AGRTMBJTMBTBBAP
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