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
Tel: +44 (0) 114 280 2828
info@synecticsplc.com

Shore Capital
Tom Griffiths / David Coaten
Tel: +44 (0) 20 7408 4090

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