ABB inaugurates IT center in Singapore

Strategic location will help ABB grow Industrial IT portfolio in Asia

Singapore, July 5, 2002 - ABB, the global power and automation technology group, today inaugurated a new industrial information technology (IT) center in Singapore to grow its industrial information technology portfolio and better serve its growing customer base in Asia.

"This is an exciting day for ABB and its customers in the region," said Sim Boon Kiat, Group Representative for ABB in Singapore. "The facility is equipped with some of the best ABB has to offer, both in terms of people and technology. This center is positioned to deliver quality and innovative Industrial IT solutions in a more efficient, faster and competitive way, helping our customers in their endeavours to create more shareholder value"

ABB’s first R&D project at the new IT center will focus on water-leakage management. The project involves developing a software solution that detects water leakage providing real-time information of distribution networks. This will help utility customers in the region reduce significant non-revenue water loss, which is reported at some 40 percent in Asia. "We thank the Economic Development Board (EDB) for their encouragement and support," said Mr. Sim. "In one year’s time, ABB in Singapore will be our designated center of excellence for this business on a global basis."

Mr Teo Ming Kian, Chairman of EDB said, "I would like to congratulate ABB on the official launch of its Industrial IT center in Singapore today. ABB has been a very close partner of Singapore since it established its first office here in 1971. Singapore recognises that to maintain competitiveness, companies will have to generate new intellectual capital. Therefore, we have been building the conditions that encourage companies to set up their corporate laboratories or R&D centers here. We welcome ABB's establishment of its Industrial IT center in Singapore. I am confident that through this R&D center, ABB will achieve innovation breakthroughs that will sharpen its competitive edge".

Dr. Horst Dietz, ABB’s North and Southeast Asia Regional Manager, said the company’s strategy for Southeast Asia hangs on helping ASEAN create a region that supports a free flow of goods, services, investments and capital. Over the next few years, ABB will invest in development and training of management and engineers to further our growth in this region".

ABB in Singapore was conferred regional business headquarter status by the EDB in November 2000. The company had invested approximately S$15 million in its Ayer Rajah facility, adding 10,000 square metres comprising of state-of the art interactive training facility, a customer center, an R&D team, a new dedicated staging area and additional office space.

With an annual sales turnover of some S$470 million, ABB employs more than 1,000 people in Singapore. ABB Singapore, is part of the ABB Group, (www.abb.com), a global leader in power and automation that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies employs 152,000 and operates in more than 100 countries worldwide.

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