logo-loader
RNS
viewGSTechnologies Ltd

Golden Saint Tech Ld - GST's subsidiary awarded US$1M data centre project

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 RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH 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 company1, 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 Director

London

+44 20 7097 8926


Australia

+61 8 6189 8531

Tone Goh, Executive Chairman

Singapore

+65 6444 2988




Investor Relations



Cassiopeia - Stefania Barbaglio

London

+44 7949 690 338

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
AGRTMBJTMBTBBAP

Quick facts: GSTechnologies Ltd

Price: 0.255

Market: LSE
Market Cap: £2.54 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Golden Saint Resources Ltd soon to begin gravel extraction and washing in...

Golden Saint Resources (LON:GSR) CEO Keng Seah updates Proactive on two of the company's licences in Sierra Leone. He said the work on building the vehicular road access to Baja Site 2 has been completed. ''That project has been completed and we're happy with what we saw and now that...

on 11/01/2016