ST Engineering and Strides International Business (Strides) announced on Feb 23 that they have entered into a Memorandum of Understanding (MOU) to foster cooperation in pursuing international opportunities in rail, road and electric vehicles (EV).
Under the MOU, both companies will jointly provide technical, operational and maintenance expertise in electric vehicles, intelligent road transportation and rail electronics for future land transportation projects overseas. ST Engineering will contribute its established expertise in diesel-to-electric bus retrofit, integrated EV payment platforms, as well as smart metro solutions, road traffic management and fleet management, while Strides will provide capabilities in operations, maintenance and service (OMS) of transport and rail networks, driver and driverless transit products and systems, deployment of electric vehicles, mobility solutions, as well as strong rail engineering and non-fare expertise, such as in transit properties.
ST Engineering and Strides will also work together to build train and railway systems testing and commissioning capabilities in Singapore, and develop joint go-to-market activities in key markets in Asia-Pacific, Europe and the Middle East. To date, ST Engineering has implemented over 300 intelligent rail and road projects in more than 50 cities worldwide, while Strides has 40 years of experience in designing, developing, operating and maintaining transport and mobility solutions, as well as delivering Operation & Maintenance (O&M), Engineering, Mobility and Transit Lifestyle solutions across Asia, Europe and the Middle East.
