New Stagecoach Orders Totalling £1.5m
Synectics plc
("Synectics" or the "Company" or the "Group")
New Stagecoach Orders Totalling £1.5m
Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, announces that Ocular Integration ("Ocular"), the Group's wholly owned systems integration business, has received new orders from Stagecoach with an aggregate value of £1.5 million.
The orders include approximately £1.1 million of call-offs under Ocular's recently extended five-year framework agreement with Stagecoach. These relate to the supply and installation of Ocular's CCTV systems on 190 new electric buses being introduced into Stagecoach's fleet.
The systems will be installed on new factory-built vehicles, with the majority of work expected to be completed between Q4 2026 and Q1 2027, supporting Stagecoach's ambition to operate a fully zero-emission bus fleet by 2035.
In addition, Ocular has recently received further orders totalling approximately £0.4 million, outside the framework agreement, for the retrofit of its CCTV systems on 71 buses owned by another UK transport authority and operated by Stagecoach. Delivery of these orders is expected to take place during Q3 and Q4 2026.
All vehicles covered by these orders will be connected to Synectics' Transport Cloud Services, further demonstrating the Company's progress in delivering connected, cloud-enabled solutions for public transport operators, while delivering additional, recurring revenue.
Ocular has worked with Stagecoach since 2003, and these latest orders further reinforce the strength of the long-standing relationship between the two businesses. They also demonstrate the continued relevance of Synectics' technology in supporting safer, more efficient and increasingly connected public transport operations.
Amanda Larnder, Synectics Chief Executive Officer, commented:
"These orders represent encouraging early momentum under our recently extended five-year framework agreement with Stagecoach and reinforce a relationship that has developed over more than two decades.
"They also demonstrate continued execution against our strategy in the transport sector, combining Ocular's proven on-vehicle surveillance expertise with Synectic's Transport Cloud services, providing ongoing value to customers and contributing to Synectics' recurring revenue profile.
"As Stagecoach and other public transport operators continue to invest in fleet renewal, Synectics is well-positioned to support their journeys by delivering intelligent, connected security and surveillance solutions for this sector."
For further information, please contact:
Synectics plc
Amanda Larnder, Chief Executive Officer
Paul Williams, Chief Financial Officer
email: info@synecticsplc.com
Tel: +44 (0) 114 280 2828
Singer Capital Markets
Tel: +44 (0) 20 7496 3000
Jen Boorer / James Fischer / Patrick Weaver
About Synectics plc
Synectics plc (AIM: SNX) is a leader in advanced security and surveillance solutions that help protect people, property and assets around the world.
It transforms customer operations by seamlessly integrating systems, technologies, and data into a unified solution-enhancing safety, improving efficiency, and enabling smarter, faster decision-making and response capabilities.
With its technical expertise, decades of experience, and strong partnerships, Synectics sets itself apart by delivering innovation and service that drive real value and long-term success.
Find out more at www.synecticsplc.com
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