Major Contract Win

RNS Number : 9660Y

Synectics PLC

01 March 2013

 



For immediate release

1 March 2013

 

Synectics plc

("Synectics" or "the Group" or "the Company")

Major Contract Win

Synectics plc (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, is pleased to announce a major contract win.

The Company's Singapore subsidiary has secured a contract, worth approximately £7 million, for the first phase of a security and CCTV system for a large corporate client. The contract comprises the design and delivery of a fully integrated surveillance recording and control room replacement and upgrade.

Synectics has a strong track record of delivering bespoke surveillance systems and will be drawing on that experience in this project. Delivery of this first phase contract is scheduled for completion in the current financial year, and the Company anticipates further follow on work, including ongoing maintenance of the system.

John Shepherd, Chief Executive, said: "We are delighted to win this contract which is strategically significant for Synectics and underpins the planned longer term development of the Group's newly established Far East operating hub."

For further information, please contact:

Synectics plc	Tel: [phone]
John Shepherd, Chief Executive
Email: [e-mail]	www.synecticsplc.com

Westhouse Securities Limited	Tel: [phone]
Tom Griffiths

 

Media enquiries:

Buchanan	Tel: [phone]
Mark Court / Fiona Henson / Sophie Cowles
	Email: [e-mail]

 

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