RNS Reach: Contract Win
Monday, 26 March 2018
Synectics wins contract for European metro trains
Synectics plc (AIM:SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, announces it is to supply networked video recording solutions for a fleet of new metro trains set to service a major German city, with an initial contract value in excess of €1 million. This win furthers the Company's strategy of extending its strong footprint in the UK bus market into light rail and internationally.
The state-of-the-art fleet is being introduced in the German city between 2018 and 2021 to replace and supplement existing vehicles on one of Europe's busiest and rapidly expanding metro systems. Specified by Siemens on behalf of the metro system operator, each train will feature the latest evolution of Synectics' robust on-vehicle recording system, featuring built-in diagnostics to quickly identify and alert the operator of any potential issues.
Paul Webb, Chief Executive of Synectics, said: "The transport market is increasingly seeking technology to provide integrated security and surveillance solutions that deliver longevity. This contract reflects our commitment to developing tailored solutions that will evolve to meet changing needs, with a system that is enabled to support analytics and telematics integration."
For further information, please contact:
Paul Webb, Chief Executive
Mike Stilwell, Finance Director
Tel: +44 (0) 1527 850 080
Stockdale Securities Limited
Tom Griffiths / Henry Willcocks
Tel: +44 (0) 20 7601 6100