REG - Synectics PLC - Contract Award

SynecticsAnnouncement

13/04/2023 07:00

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RNS Number : 0268W  Synectics PLC  13 April 2023

 

 RNS                 13 April 2023

      13 April 2023

 

 

Synectics plc

("Synectics" or the "Company")

 

Contract Award

 

Synectics plc (AIM: SNX), a leader in advanced security and surveillance
systems, announces the award of a contract worth approximately £3.5 million
to supply specialist camera stations for Saudi Aramco's Zuluf development
programme, which will be delivered by the end of the Company's financial year
ended 30 November 2023.

The Zuluf field is approximately 40 kilometres off Saudi Arabia's northeast
coast and the development programme, consisting of a new unmanned oil
production wellhead connected to a new central processing facility, is
expected to be on-stream by the end of 2026.

United Arab Emirates-based offshore engineering and fabrication giant National
Petroleum Construction Company confirmed the award of the contract to
Synectics and its integration partner, Exctel Engineering, for the Process
CCTV system for the programme.

Based on a large number of Synectics' latest generation COEX™ C3000 TriMode
camera stations, the Process CCTV system will provide safety monitoring and
surveillance covering critical locations on the platforms to monitor process
activities and protect Saudi Aramco's employees and assets.

Designed for hazardous-area applications and able to withstand operating
temperatures up to 70 degrees Celsius, the COEX™ C3000 TriMode camera
stations include the latest thermal imaging and encoding technology, providing
unprecedented visual feedback in all lighting conditions.

Darren Alder, Head of Oil & Gas at Synectics commented: "Synectics were
selected for this project based on a proud legacy and outstanding reputation
for delivering high-quality, field-proven solutions to the global oil and gas
industry. Our ability and commitment to delivering the project scope to the
required timescale was also a crucial factor in the contract award."

Paul Webb, Chief Executive of Synectics, added: "Activity levels in the oil
& gas market are now higher than we have seen for some years, and this
large contract follows a number of smaller projects already received this
year. The dedicated team at our operations centre continues to work closely
with our supply chain partners to ensure that we can meet the increased demand
we anticipate in this market in the near future."

 

 

 

For further information, please contact:

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

 Paul Webb, Chief Executive             www.synecticsplc.com (http://www.synecticsplc.com)

 Amanda Larnder, Finance Director

 email: info@synecticsplc.com

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

 

 

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 is 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 (http://www.synecticsplc.com/)

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