18 June 2024
Synectics plc
("Synectics" or the
"Company")
US$10 million contract
win
Synectics plc (AIM: SNX), a leader in advanced
security and surveillance systems, announces that it has been
awarded a contract valued at approximately US$10 million (the
"Contract") to upgrade and expand the surveillance system at a
major gaming resort in South-East Asia (the "Customer"), one of the most successful and
highest profile gaming resorts in the world. Delivery of the
Contract is anticipated to commence late in the Company's current
financial year ending 30 November 2024 with completion expected by
the end of the financial year ending 30 November 2025.
The Customer has been using Synergy, the
Company's proprietary software platform, since 2014 and the
Contract will expand and upgrade the Customer's existing system to
the latest version of Synergy.
This is a complex project with the Customer's
system remaining in operation 24/7 throughout the upgrade, and the
Company is currently developing a detailed programme with the
Customer.
Paul Webb,
Chief Executive Officer of Synectics, commented:
"We are
delighted to have secured this contract which reflects the
significant market opportunity that exists in the casino and
leisure sector in Asia.
The strength
of Synergy's capabilities and the quality of our support is evident
by the fact that the Customer, who has been working with Synectics
since 2014, has committed to such a significant, long-term upgrade
and expansion programme with us."
For further
information, please contact:
|
Synectics
plc
Paul Webb, Chief Executive Officer
Amanda Larnder, Chief Financial
Officer
info@synecticsplc.com
|
Tel: +44 (0) 114 280 2828
|
|
Shore
Capital
Tom Griffiths / David Coaten
|
Tel: +44 (0) 20 7408 4090
|
|
Vigo
Consulting
Jeremy Garcia / Fiona Hetherington / Aisling
Fitzgerald
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