Synectics plc is pleased to announce it has signed a five-year extension to an existing framework agreement with Stagecoach, one of the UK's largest bus operators (the “Agreement”).
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Synectics selected to upgrade leading casino operator’s surveillance system in the Philippines and secures its first tribal gaming contract in North America
Synectics plc (AIM: SNX), a leader in advanced security and surveillance solutions, is pleased to announce that it has been awarded two gaming contracts valued, in aggregate, at approximately US$3.0 million.
The first contract, valued at US$2.5 million, has been secured with a world-class integrated casino resort located in Entertainment City, Manila (“the Customer”) – an existing customer since 2016. Synectics will upgrade its proprietary Synergy software and deliver a major refresh of the existing video surveillance infrastructure. The work will involve upgrading critical components of the Customer’s surveillance system, enhancing its performance, scalability, and long-term resilience. The majority of this contract is expected to be delivered in the Company's current financial year.
Synectics also announces its first contract with a tribal gaming property in Oklahoma, North America. The contract, valued at US$600,000, will see Synectics deploy its Synergy software across the property. The solution also includes Synergy’s suite of AI-tools to deliver real-time monitoring, detection and alerts. This contract supports Synectics’ strategic growth objectives of expanding its presence in the tribal gaming¹ sector.
Amanda Larnder, Synectics’ Chief Executive Officer and Chief Financial Officer, commented: “We are pleased to secure these contract wins in both Asia and North America. The upgrade at a world-class resort in Manila reflects the strength of our long-term customer relationships and the ongoing investment by major operators in Synergy’s mission-critical solutions. Whilst the tribal gaming1 contract in Oklahoma marks both an important entry into a new market and an early deployment of Synergy’s new AI tools.
“These orders further underpin the Group’s revenue in the current financial year.”
For further information, please contact:
Synectics plc
Amanda Larnder, Chief Executive Officer and Chief Financial Officer
Claire Stewart, Company Secretary
Tel: +44 (0) 114 280 2828
[email protected]
Shore Capital
Corporate Advisory: Tom Griffiths / David Coaten / George Payne
Corporate Broking: Fiona Conroy
Tel: +44 (0) 207 408 4090
Vigo Consulting
Jeremy Garcia / Fiona Hetherington / Peter Jacob
Tel: +44 (0) 20 7390 0230
[email protected]