REG - Synectics PLC - $2.2 million Contract Award

SynecticsAnnouncement

27/01/2025 07:00

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RNS Number : 6977U  Synectics PLC  27 January 2025

 27 January 2025

 

 

Synectics plc

("Synectics" or the "Company")

 

$2.2 million Contract Award

 

Synectics awarded further contract by leading casino operator in South-East
Asia

 

Synectics (AIM: SNX), a leader in advanced security and surveillance systems,
is pleased to announce that it has been awarded a further contract, worth
approximately US$2.2 million (the "Contract"), for the professional services
to deploy a Synergy upgrade and expansion at a major gaming resort in
South-East Asia (the "Customer"), one of the most successful and highest
profile gaming resorts in the world.

 

Under the terms of the Contract, Synectics will provide a comprehensive suite
of professional services. This will include the project management and on-site
commissioning required to upgrade the existing software and hardware
infrastructure to enhance the Customer's security capabilities to meet its
evolving operational needs.

 

Synectics has been working with the Customer since 2014, and the Contract is
further to the $13.2 million contracts awarded, in aggregate, in FY 2024 (June
and September). This is a complex project, with the Customer's system
remaining in operation 24/7 throughout the upgrade, which is expected to be
delivered predominantly in the Company's current financial year.

 

Amanda Larnder, Synectics' Chief Executive Officer and Chief Financial
Officer, commented:

 

"We are delighted to provide our professional services to such a prestigious
and long-term customer in a market and territory in which we have significant
experience.

 

"This contract demonstrates the Customer's confidence in Synectics' end-to-end
expertise required to deliver such an organisationally critical project and
the commitment to our ongoing partnership."

 

For further information, please contact:

 

 Synectics plc                                                             Tel: +44 (0) 114 280 2828

 Amanda Larnder, Chief Executive Officer and Chief Financial Officer       www.synecticsplc.com

                                                                         (https://url.avanan.click/v2/___http:/www.synecticsplc.com___.YXAxZTpzaG9yZWNhcDphOm86NTYwYTllNmRlNmEwMDZmMWYwNTkzZGIxYTRhYzMwZGI6NjpmZDdmOjU4MjU3MDliNWJmOWIyMGFjMjkxZGZhYzcwNzk1ZjUxY2FkNGM5NWQyYWU4ODAxMTUxOTg3ZDc1ZmNkYjk3NWI6cDpG)
 Claire Stewart, Company Secretary

 email: info@synecticsplc.com (mailto:info@synecticsplc.com)

 Shore Capital                                                             Tel: +44 (0) 20 7408 4090
 Corporate Advisory - Tom Griffiths / David Coaten

 Corporate Broking - Fiona Conroy

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

 Jeremy Garcia / Fiona Hetherington / Peter Jacob

 synectics@vigoconsulting.com (mailto:synectics@vigoconsulting.com)

 

About Synectics plc

 

Synectics (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, transport, 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___.YXAxZTpzaG9yZWNhcDphOm86NTYwYTllNmRlNmEwMDZmMWYwNTkzZGIxYTRhYzMwZGI6NjpmZDdmOjU4MjU3MDliNWJmOWIyMGFjMjkxZGZhYzcwNzk1ZjUxY2FkNGM5NWQyYWU4ODAxMTUxOTg3ZDc1ZmNkYjk3NWI6cDpG)

 

 

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