REG - Synectics PLC - Contract Awards

SynecticsAnnouncement

30/01/2024 07:00

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RNS Number : 2675B  Synectics PLC  30 January 2024

30 January 2024

 

 

Synectics plc

("Synectics" or the "Company")

 

 Contract Awards

 

Synectics plc (AIM: SNX), a leader in advanced security and surveillance
systems, announces that it has been awarded further contracts as part of a
framework agreement with National Grid. The additional contracts, valued at
approximately £4.0 million, will see Synectics deliver security improvement
works across 13 new sites.

 

Synectics was awarded its first contract under the framework agreement with
National Grid in October 2022, and will now be deploying its services across
20 sites throughout National Grid's substantial estate. The contract will be
delivered by Synectics' Security division, which will be responsible for
delivering the improvement works as well as providing ongoing support.

 

The framework agreement - which runs to October 2026 - centres around the
provision of CCTV and Access Control Systems throughout the National Grid
estate across England, Wales and Scotland. Synectics is able to draw on its
significant expertise in the delivery of solutions for critical infrastructure
projects to deliver an end-to-end solution for the customer.

 

The works covered by these contracts are planned for completion in FY 2024.

 

Paul Webb, Chief Executive Officer of Synectics, commented:

 

"We are delighted to have been awarded these new contracts with National Grid
which further enhance our long-term partnership, delivering solutions
together.

 

"We look forward to continuing to work with National Grid, ensuring their
systems remain cyber-secure and effective."

 

 

For further information, please contact:

 

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

 Paul Webb, Chief Executive Officer

 Amanda Larnder, Chief Financial Officer

 info@synecticsplc.com

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

 Tom Griffiths / David Coaten

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

 Jeremy Garcia / Fiona Hetherington / Aisling Fitzgerald

 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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