Company secures major international defence equipment orders

25 April 2001 News

IST Dynamics, a division of the IST group, has announced that it has been awarded orders totalling some R50m 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 SANDF, the company says that some 80% of its business is derived from exports to offshore defence forces and equipment manufacturers.

According to Managing Director Kobus Steyn, 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.

Says Steyn: "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."

IST Dynamics

(012) 348 8705

Further reading:

Electronic News Digest
News
A brief synopsis of current global news relating to the electronic engineering fields with regards to company finances, general company news, and engineering technologies.

Read more...

---

Jemstech to produce PCB assemblies for Kamstrup
Jemstech News
Jemstech is pleased to announce that they have successfully concluded a supplier agreement with Kamstrup A/S in Denmark, a leading supplier of intelligent metering solutions in the global market.

Read more...

---

New appointments at Hiconnex
Hiconnex News
Hiconnex, a leading provider of electronic components and solutions, has announced key appointments to support its continued growth and commitments to its clients.

Read more...

---

FoundriesFactory service more affordable for smaller OEMs
News
Foundries.io has announced a new, tiered pricing scheme which reduces the cost of its highly regarded FoundriesFactory service for OEMs in the development phase of a new edge AI or Linux OS-based product.

Read more...

---

DMASS 2024 results
News
The semiconductor business faced a severe downturn, with a 31,9% decrease compared to 2023 and a 30,3% drop in Q4 2024 compared to the same period last year.

Read more...

---

Using satellite comms to end copper theft
News
According to Transnet COO Solly Letsoalo, the scourge of copper theft could be a thing of the past by eliminating the use of copper cabling and switching to a satellite communication system.

Read more...

---

Strategic merger: Etion Create and Nanoteq
Etion Create News
Reunert has announced the successful merger of two business units within the Applied Electronics Segment, namely Etion Create and Nanoteq, effective 1 October 2024.

Read more...

---

Securex South Africa 2025
Specialised Exhibitions News
Securex South Africa 2025 is co-located with A-OSH EXPO, Facilities Management Expo, and Firexpo to provide a time-saver for visitors looking for holistic solutions for their facilities.

Read more...

---

Chinese AI causes Silicon Valley stocks to tumble
News
Many stocks took a downward spike, with Nvidia being the hardest hit, losing 16,9% after one day’s trading.

Read more...

---

Silicon Labs 4th quarter results
News
Silicon Labs has reported financial results for the fourth quarter with highlights including a total revenue of $166 million and Home & Life revenue up 11% to $78 million.

Read more...

---