US$3.2 million contract award

Source: RNS
RNS Number : 3112D
Synectics PLC
09 September 2024
 

9 September 2024

Home | SynecticsPLC

 

Synectics plc

("Synectics" or the "Company")

 

US$3.2 million contract award

 

Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, announces that it has been awarded a further contract, worth approximately US$3.2 million, relating to the upgrade and expansion of the surveillance system at a major gaming resort in South-East Asia (the "Customer").

 

This Contract is in addition to the US$10m contract award announced on 18 June 2024 (together, the "Contracts").

 

The Customer has been using Synergy, the Company's proprietary software platform, since 2014 and the Contracts will expand and upgrade the Customer's existing system to the latest version of Synergy.

 

The Contract is expected to be delivered in the year ending 30 November 2025.

 

Amanda Larnder, Interim Chief Executive Officer and Chief Financial Officer, commented:

"The award of these contracts is a testament to the expertise of the Synectics team and our industry-leading software. We have been working with this customer for many years and we are delighted that they have committed to this upgrade and expansion programme with us."

 

 

For further information, please contact:

 

Synectics plc

Amanda Larnder, Interim CEO and CFO

Claire Stewart, Company Secretary

info@synecticsplc.com

 

Tel: +44 (0) 114 280 2828

 

Shore Capital

Tom Griffiths / David Coaten / Rachel Goldstein

Fiona Conroy - Corporate Broking

 

Tel: +44 (0) 20 7408 4090

Vigo Consulting

Jeremy Garcia / Fiona Hetherington / Peter Jacob

synectics@vigoconsulting.com

Tel: +44 (0) 20 7390 0230

 

 



 

About Synectics plc

 

Synectics plc (AIM: SNX) is a leader in advanced security and surveillance systems that help protect people, property, communities, and assets around the world.

 

The Company's expertise is in providing solutions for specific markets where security and surveillance are critical to operations. These include gaming, oil and gas, public space, transportation, and critical infrastructure.

 

Synectics has deep industry experience in these markets and works closely with customers to deliver solutions that are tailored to meet their needs. Technical excellence, combined with decades of experience and long-standing customer relationships, provides fundamental differentiation from mainstream suppliers and makes the Company a stand out in its field.

 

Find out more at www.synecticsplc.com

 

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