REG - Synectics PLC - US$3.2 million contract award

SynecticsAnnouncement

09/09/2024 07:00

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RNS Number : 3112D  Synectics PLC  09 September 2024

9 September 2024

 

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                                      Tel: +44 (0) 114 280 2828

 Amanda Larnder, Interim CEO and CFO

 Claire Stewart, Company Secretary

 info@synecticsplc.com

 Shore Capital                                      Tel: +44 (0) 20 7408 4090

 Tom Griffiths / David Coaten / Rachel Goldstein

 Fiona Conroy - Corporate Broking

 Vigo Consulting                                    Tel: +44 (0) 20 7390 0230

 Jeremy Garcia / Fiona Hetherington / Peter Jacob

 synectics@vigoconsulting.com

 

 

 

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
(https://url.avanan.click/v2/___http:/www.synecticsplc.com___.YXAxZTpzaG9yZWNhcDphOm86MjVlNGYzNDE0ODA4ZmEyYTA3NWZkMDliMGFkZWNiMDU6Njo5NjM3OjYyMDQ4Y2FhOTE2MmMzMWMzYjFjN2I2YmZhYzJkZWI3MGU4MGViNDJiNGU4Y2RhNjI5YjdjMGZhMDE0ZWIwZDQ6cDpU)

 

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