REG - Synectics PLC - Contract Win

SynecticsAnnouncement

29/11/2023 07:00

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RNS Number : 9550U  Synectics PLC  29 November 2023

29 November 2023

 

 

Synectics plc

("Synectics" or the "Company")

 

Contract Win

 

Synectics plc (AIM: SNX), a leader in advanced security and surveillance
systems, announces that it has secured a contract worth £1.0 million with a
major UK financial institution to deliver a multi-site deployment of Synergy,
the Company's proprietary software platform (the "Contract").

 

The Contract, which will be completed in FY 2024, will see Synectics deliver
an upgraded surveillance and security system in multiple locations across the
financial institution's back-office estate in the UK, which includes data,
cash, alarm receiving, and disaster recovery centres. As part of the Contract,
Synectics will also undertake upgrades to the financial institution's existing
on-site hardware, including the installation of its latest generation 4K
cameras.

 

The Synergy software platform is highly configurable, enabling seamless
integration to meet the exact requirements of every customer. The flexibility
and reliability of the software ensure that it has applications for any large
commercial operation, as well as for the public sector.

 

Synergy's 'dataveillance' engine combines feeds from CCTV cameras and many
other systems across multiple sites into one simple interface, allowing
operators to identify and respond promptly to anomalous events or potential
threats. Analytics, including the integration of AI capabilities, have long
been incorporated into the Synergy platform, and Synergy customers will
benefit from the integration of future technological advances.

 

For this financial institution, the platform has been specifically configured
to include not only the high spec video feed integrations, but also alarm
management and advanced security workflows overseeing entry and exit from site
which is imperative in the financial services space.

 

Paul Webb, Chief Executive Officer of Synectics, commented:

 

"Today's announcement is significant for Synectics, as it is its largest
single contract to deploy its Synergy software to a commercial customer in the
UK for many years.

 

"In the public sector, similar solutions using our technologies continue to be
a real driver for enhancing and enabling multi-agency, multi-site
collaboration.

 

"Our extensive experience and expertise mean that customers can rely on us to
help ensure their systems can be configured to meet demanding internal
procedures, as well as all external regulatory requirements."

 

 

 

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 (http://www.synecticsplc.com)

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