Pteris Global - Airport Logistics Systems

• Group generated a profit of S$0.9 million in the first half of 2010 as compared with a loss of S$0.7 million for the same period last year
• Group’s revenue increased by S$7.6 million (17%) for the first half of 2010
• Group’s order book balance increased to S$208 million as at 30 June 2010

Mainboard-listed Pteris Global Limited (“Pteris Global” or “the Group”), an integrated airport logistics systems provider, has reported a profit of S$0.9 million for the first half of 2010. This is a turnaround as the Group incurred a loss of S$0.7 million in the same period last year. Revenue increased by S$7.6 million (17%) to S$51.8 million in the first half of 2010. During the same period last year, revenue generated was S$44.2 million.

In the second quarter of 2010, the Middle Eastern region contributed approximately 64% of the Group’s revenue whereas in the first quarter of 2010, Americas contributed the highest at 43%. The Group’s strategy to continue diversifying geographically has begun to show its results in minimising the fluctuations in revenue.

As at 30 June 2010, the Group's outstanding order book balance increased to S$208 million as compared with S$143 million as at 31 December 2009.

Total orders secured were S$117 million in the first half of 2010. This is S$76 million higher than the first half of 2009 where S$41 million orders were secured. During the year, the Group secured several major contracts. In the first quarter, the Group secured the baggage handling systems ("BHS") projects in Chennai International Airport (India) and Changsha Huanghua International Airport (China). In the second quarter, the Group was awarded the Mumbai International Airport (India) – Terminal 2 and the Changi Airport (Singapore) projects.

Said CEO, Mr. Oon Chong Howe, “In the last two quarters, we saw more projects picking up their pace thus resulting in higher revenue. We are also encouraged by the increase in our contract wins. Not only were we able to replace the orders executed, we have also increased our order book balance.”
The Mumbai International Airport – named as the Chhatrapati Shivaji International Airport, Mumbai, is slated to be one of the busiest airports in Asia with annual passenger traffic of 40 million. The Group’s suite of high level controls and software will be deployed to manage this fully automated system.

“With airports continuing to expand and upgrade their infrastructure and baggage handling systems, we expect to see more projects being put out for tenders over the next few quarters.” said Mr. Oon.

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About Pteris Global
Pteris Global Limited, a Singapore Mainboard-listed company, is one of the world’s leading companies that designs and builds airport logistics systems such as Baggage Handling Systems, Air Cargo Handling Systems, In-flight Catering Systems and Express Courier Handling Systems. Headquartered in Singapore with subsidiaries in Malaysia, China, the Middle East, Canada and the United States, Pteris Global has completed more than 150 projects spanning across six continents and 40 countries.

Investor Relations Contacts:
Mr. Steven Lwi Chief Financial Officer DID: +65 6663 1505 Email: steven.lwi@pterisglobal.com
Corporate Services Department Tel: +65 6663 1515/1518 Email: investor.relations@pterisglobal.com