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 contracts, which are valued, in aggregate, at approximately £2.2 million, are for the delivery of security improvement works for 12 sites across the UK. Synectics was awarded its first contract under the National Grid framework agreement in October 2022 and, following the award of these new contracts, will now be deploying its services across a total of 32 sites throughout National Grid’s estate.

The contracts will be delivered by Ocular Integration (“Ocular”), the Company’s division formerly known as Security, which will be responsible for implementation as well as providing ongoing customer support.

Amanda Larnder, Interim Chief Executive Officer and Chief Financial Officer, commented:

“We are delighted with the award of these additional contracts with National Grid. It is paramount that such critical infrastructure sites and systems remain robust and secure, and Ocular has significant experience in successfully delivering these solutions.”

For further information, please contact:
Synectics plc
Amanda Larnder, Interim CEO and CFO
Claire Stewart, Company Secretary
Tel: +44 (0) 114 280 2828
info@synecticsplc.com

Shore Capital
Tom Griffiths / David Coaten / Rachel Goldstein
Fiona Conroy – Corporate Broking
Tel: +44 (0) 207 408 4090

Vigo Consulting
Jeremy Garcia / Fiona Hetherington / Peter Jacob
Tel: +44 (0) 20 7390 0230
synectics@vigoconsulting.com