Ist Dynamics Secures Major International Defence E
IST GROUP LIMITED
For immediate release
IST DYNAMICS SECURES MAJOR INTERNATIONAL DEFENCE EQUIPMENT ORDERS
Pretoria, 2 April 2001 - IST Dynamics, a division of the IST group, has been
awarded orders totalling some R50 million since the beginning of this year from
defence-industry customers abroad for its sophisticated military software
products. Among these is a contract for systems development from the Jordanian
arms procurement agency.
IST Dynamics is a niche-based developer of embedded software products for the
defence sector, with a particular emphasis on military equipment upgrades and
training systems. While it is a major supplier to the South African National
Defence Force, some 80% of its business is derived from exports to offshore
defence forces and equipment manufacturers.
Managing director Kobus Steyn said today the business's ability to compete
effectively in the international market was based on its strategy of focusing
on expertise domains where it had a strong competitive advantage.
"One of the major trends in the defence market is the increasing demand for
equipment upgrades. This trend levels the playing field between the global
giants and the smaller players like IST Dynamics, since upgrade requirements
are typically unique and therefore not receptive to the standardised products
offered by the big companies. IST Dynamics' competitive edge in this
environment lies in its inherent flexibility, and its ability to introduce and
apply a variety of leading-edge technologies," he said.
Issued by du Plessis Associates on behalf of IST Group. dPA contact : Kathy du
Plessis on tel :011-728-4701 mobile : 083 266 5847 e-mail : ist@dpapr.com
For further details please contact
IST Dynamics MD - Kobus Steyn on
(012) 348-8705 or mobile 082-565-9506
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