ST Kinetics, Paramount Group collaborate on armoured wheeled vehicles

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Singapore, 12 June 2012 – ST Kinetics and Paramount Group today announced a
strategic collaboration to market a family of high mobility armoured wheeled
vehicles. Under the agreement, the two companies will pool their expertise to
jointly market, manufacture and support a family of protected wheeled
vehicles.


ST Kinetics and Paramount Group recognise that modern conflicts demand highly
protected wheeled vehicles with superb mobility that can increase the
survivability of the crew and ensure mission success. The collaboration, which
brings together the strengths of these two companies, will address the market
needs for such highly protected and vastly manoeuvrable vehicles. It will allow
their respective customers to enjoy highly cost-effective solutions through
global best sourcing and localised through-life support.


Resulting from this collaboration is a comprehensive range of wheeled
vehicles for military and homeland security applications. These include ST
Kinetics` highly manoeuvrable and network-enabled Terrex 8×8 Armoured Personnel
Carrier, and Paramount Group`s mine-protected and highly mobile Mbombe 6×6
Armoured Fighting Vehicle, Maverick 4×4 Internal Security Vehicle, Marauder 4×4
Wheeled Troop Carrier and Matador 4×4 Multi-role Mine Protected Vehicle.


“ST Kinetics and Paramount Group each have a proven track record in the
design and development of land systems vehicles. This partnership allows us to
bring together the reputable products of Paramount Group with our capabilities
in systems integration and manufacturing to offer cost-effective protected
mobility solutions to our customers,” said SEW Chee Jhuen, president of
ST Kinetics.


“Our collaboration with ST Kinetics represents an invaluable springboard into
the Asia-Pacific region for Paramount Group. We are both ambitious, innovative
businesses which understand our customers` needs and the changing demands of
modern defence and peace-keeping. Our in-region partnership means that we can be
very quick to market and very quick to respond to customers` changing needs,”
said Ivor Ichikowitz, executive chairman at Paramount Group.


ST Kinetics is an experienced designer of armoured vehicles and includes in
its stable the battle-proven Warthog All Terrain Tracked Vehicle and the highly
manoeuvrable Terrex 8×8 Armoured Personnel Carrier. The collaboration with
Paramount Group allows ST Kinetics to offer a wider range of armoured wheeled
vehicles while providing customers the strong and dependable through-life
support that ST Kinetics is known for.


Paramount Group, South Africa`s largest privately-owned defence company, has
established a reputation for the development of world-leading technologies in
the land forces and aerospace environment. Its state-of-the-art family of
armoured vehicles provides outstanding mobility and some of the highest levels
of protection to crew. The vehicles can be used for a variety of roles,
including defence, peacekeeping, internal security, surveillance and
communications, command post, ambulance, recovery vehicle and logistics.


Paramount Group is Africa`s largest privately-owned defence and aerospace
business operating in the international peacekeeping, defence and internal
security industries. Please visit www.paramountgroup.biz.


ST Kinetics (Singapore Technologies Kinetics) is the land systems and
specialty vehicles arm of Singapore Technologies Engineering. It delivers
integrated land systems, specialty vehicles and their related through life
support for defence, homeland security and commercial applications. Please visit
www.stengg.com.