$2.2 million Contract Award

Synectics PLC

27 January 2025

 

27 January 2025

Synectics plc

("Synectics" or the "Company")

$2.2 million Contract Award

Synectics awarded further contract by leading casino operator in South-East Asia

Synectics (AIM: SNX), a leader in advanced security and surveillance systems, is pleased to announce that it has been awarded a further contract, worth approximately US$2.2 million (the "Contract"), for the professional services to deploy a Synergy upgrade and expansion at a major gaming resort in South-East Asia (the "Customer"), one of the most successful and highest profile gaming resorts in the world.

Under the terms of the Contract, Synectics will provide a comprehensive suite of professional services. This will include the project management and on-site commissioning required to upgrade the existing software and hardware infrastructure to enhance the Customer's security capabilities to meet its evolving operational needs.

Synectics has been working with the Customer since 2014, and the Contract is further to the $13.2 million contracts awarded, in aggregate, in FY 2024 (June and September). This is a complex project, with the Customer's system remaining in operation 24/7 throughout the upgrade, which is expected to be delivered predominantly in the Company's current financial year.

Amanda Larnder, Synectics' Chief Executive Officer and Chief Financial Officer, commented:

"We are delighted to provide our professional services to such a prestigious and long-term customer in a market and territory in which we have significant experience.

"This contract demonstrates the Customer's confidence in Synectics' end-to-end expertise required to deliver such an organisationally critical project and the commitment to our ongoing partnership."

For further information, please contact:

Synectics plc Amanda Larnder, Chief Executive Officer and Chief Financial Officer Claire Stewart, Company Secretary email: [e-mail]	Tel: [phone] www.synecticsplc.com
Shore Capital	Tel: [phone]
Corporate Advisory - Tom Griffiths / David Coaten Corporate Broking - Fiona Conroy
Vigo Consulting   Jeremy Garcia / Fiona Hetherington / Peter Jacob [e-mail]	Tel: [phone]

About Synectics plc

Synectics (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, 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

 

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