ACROMEC Maintains Order Win Momentum, Secures Contract of S$10.3 Million

SINGAPORE, Aug 5, 2016 - (ACN Newswire) - ACROMEC Limited ("ACROMEC", or the "Company" and together with its subsidiary, the "Group"), an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, biomedical, research and academia sectors has today won a notable contract worth S$10.3 million.

The contract involves the fitting out of a Class 100 research cleanroom at Fusionopolis for an existing customer, which is expected to be delivered by the second quarter of the next financial year ending 30 September 2017. With this win, the Group's current order book stands at approximately S$40 million.

Mr Lim Say Chin, the Executive Chairman and Managing Director of ACROMEC, commented: "We are pleased to garner a repeat order from our existing esteemed customer. We are heartened by their confidence in us and this project will further deepen and strengthen our relationship. We will endeavour to continually deliver quality works that meets our customers' expectation. This order has also strengthened our presence as a controlled environment specialist in the research sector."

This contract win will contribute to the revenue of the Group, and is expected to have a positive impact on the earnings per share and net tangible asset per share of the Group, majority of which relate to the next financial year ending 30 September 2017.

None of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the above contract, other than through their respective shareholdings in the Company.

About ACROMEC Limited

ACROMEC is an established specialist engineering services provider with 20 years of experience in the field of controlled environments. The Group has over the years acquired expertise in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities and cleanrooms.

ACROMEC's business is divided into two main business segments: (i) Engineering, procurement and construction services, specialising in architectural, and mechanical, electrical and process works within controlled environments; and (ii) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure.

The Group mainly serves the healthcare, biomedical, research and academia, and electronics sectors. ACROMEC counts amongst its customers, hospitals and medical centres, governmentagencies, research and development companies or agencies, research and development units of multinational corporations, tertiary educational institutions, pharmaceutical companies,semiconductor manufacturing companies, and multinational engineering companies. For more information, please visit www.acromec.com.

Contact:Mr Jerry Tan
Chief Financial Officer
Tel: +65 6415 0574
Email: jerry.tan@acromec.com