REG - Synectics PLC - $2.7 million Contract Awards

SynecticsAnnouncement

05/12/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241205:nRSE8773Oa&default-theme=true

RNS Number : 8773O  Synectics PLC  05 December 2024

 5 December 2024

 

 

Synectics plc

("Synectics" or the "Company")

 

$2.7 million Contract Awards

 

Synectics selected to deploy its flagship Synergy software in casinos in the
Philippines and the US

 

Synectics plc (AIM: SNX), a leader in advanced security and surveillance
systems, is pleased to announce that it has been awarded four separate
contracts from customers in the gaming sector totalling US$2.7 million
(together, the "Contracts").

 

The Company will deploy its flagship Synergy software platform into two
leading gaming resorts in the Philippines, having signed contracts with two
new customers. Synergy was selected for its comprehensive suite of features
and tailorable solution, specifically designed for control rooms that require
the highest level of surveillance and security.

 

In addition, Synectics has further strengthened its long-standing partnership
with PENN Entertainment, Inc. (NASDAQ: PENN) by securing a further two new
contracts to deploy Synergy software at two additional casinos in PENN
Entertainment's portfolio. This expansion brings the total number of Synergy
installations at PENN Entertainment properties to 25.

 

The Contracts are expected to be delivered in the Company's current financial
year ending 30 November 2025.

 

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

"Today's announcement demonstrates our positive momentum in the gaming market,
and the continued demand for our innovative, market-leading surveillance and
security technology. We are delighted to be collaborating with two new
customers in the Philippines, further expanding our footprint in the region.

 

"Additionally, our continued partnership with PENN Entertainment demonstrates
the enduring value and adaptability of Synergy in supporting PENN's complex
security and surveillance needs across its portfolio."

 

 

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 / Rachel Goldstein

 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)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTUSARRSOUURUA