Business
US$10 million contract win
US$10 million contract win.
About this update from Synectics Plc
[{"type":"text","content":"\n\n18 June 2024\n\n \nSynectics plc\n(\"Synectics\" or the \"Company\")\n \nUS$10 million contract win\n \nSynectics plc (AIM: SNX), a leader in advanced security and surveillance systems, announces that it has been awarded a contract valued at approximately US$10 million (the \"Contract\") to upgrade and expand the surveillance system at a major gaming resort in South-East Asia (the \"Customer\"), one of the most successful and highest profile gaming resorts in the world. Delivery of the Contract is anticipated to commence late in the Company's current financial year ending 30 November 2024 with completion expected by the end of the financial year ending 30 November 2025.\n \nThe Customer has been using Synergy, the Company's proprietary software platform, since 2014 and the Contract will expand and upgrade the Customer's existing system to the latest version of Synergy.\n \nThis is a complex project with the Customer's system remaining in operation 24/7 throughout the upgrade, and the Company is currently developing a detailed programme with the Customer.\n \nPaul Webb, Chief Executive Officer of Synectics, commented:\n\"We are delighted to have secured this contract which reflects the significant market opportunity that exists in the casino and leisure sector in Asia.\n \nThe strength of Synergy's capabilities and the quality of our support is evident by the fact that the Customer, who has been working with Synectics since 2014, has committed to such a significant, long-term upgrade and expansion programme with us.\"\n \n \nFor further information, please contact:\n \n\n\n\n\nSynectics plc\nPaul Webb, Chief Executive Officer\nAmanda Larnder, Chief Financial Officer\[email protected]\n \n\n\nTel: +44 (0) 114 280 2828\n \n\n\n\n\nShore Capital\nTom Griffiths / David Coaten\n \n\n\nTel: +44 (0) 20 7408 4090\n\n\n\n\nVigo Consulting\nJeremy Garcia / Fiona Hetherington / Aisling Fitzgerald\[email protected]\n\n\nTel: +44 (0) 20 7390 0230\n\n\n\n\n \n \n\n\n \nAbout Synectics plc\n \nSynectics plc (AIM: SNX) is a leader in advanced security and surveillance systems that help protect people, property, communities, and assets around the world.\n \nThe Company's expertise is in providing solutions for specific markets where secu...