30 January 2024
Synectics plc
("Synectics" or the "Company")
Contract Awards
Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, announces that it has been awarded further contracts as part of a framework agreement with National Grid. The additional contracts, valued at approximately £4.0 million, will see Synectics deliver security improvement works across 13 new sites.
Synectics was awarded its first contract under the framework agreement with National Grid in October 2022, and will now be deploying its services across 20 sites throughout National Grid's substantial estate. The contract will be delivered by Synectics' Security division, which will be responsible for delivering the improvement works as well as providing ongoing support.
The framework agreement - which runs to October 2026 - centres around the provision of CCTV and Access Control Systems throughout the National Grid estate across England, Wales and Scotland. Synectics is able to draw on its significant expertise in the delivery of solutions for critical infrastructure projects to deliver an end-to-end solution for the customer.
The works covered by these contracts are planned for completion in FY 2024.
Paul Webb, Chief Executive Officer of Synectics, commented:
"We are delighted to have been awarded these new contracts with National Grid which further enhance our long-term partnership, delivering solutions together.
"We look forward to continuing to work with National Grid, ensuring their systems remain cyber-secure and effective."
For further information, please contact:
| Synectics plc Paul Webb, Chief Executive Officer Amanda Larnder, Chief Financial Officer info@synecticsplc.com
| Tel: +44 (0) 114 280 2828
|
| Shore Capital Tom Griffiths / David Coaten
| Tel: +44 (0) 20 7408 4090 |
| Vigo Consulting Jeremy Garcia / Fiona Hetherington / Aisling Fitzgerald synectics@vigoconsulting.com | Tel: +44 (0) 20 7390 0230 |
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
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