Synectics plc announces its audited final results for the year ended 30 November 2023 (“FY 2023”).
Synectics plc (AIM: SNX), a leader in the design, integration and support of advanced security and surveillance systems, announces the award of two major new casino projects in North America.
Working with local integration partner, Zuvid Surveillance Systems, Synectics will provide new surveillance management systems based on its market-leading Synergy software platform for Fallsview Casino Resort - the largest gaming resort facility in Canada, overlooking the world-famous Horseshoe Falls - and its sister property, Casino Niagara. Both properties recently re-opened having been closed since March 2020 due to COVID-19.
Delivery will commence before the end of this year, with a five-year support contract already agreed, following completion in early 2022.
Mike Stanciu, Director of Surveillance, Niagara Casinos, commented: "We selected Synergy due to the impressive ability to bring a number of fragmented processes and systems into a centralised, easy to use Command and Control space".
"Synergy's ability to deliver an efficient product will be beneficial to the overall success of our department and our properties. Their intuitive front end makes it easy for operators to find the cameras they are looking for, review incidents and provide appropriate evidence when required.”
Paul Webb, Chief Executive of Synectics, added: “These are some of the first new major projects awarded in the sector since the start of the pandemic and, as footfall and revenues in North American casinos have recovered strongly in recent months, should indicate a relatively straightforward recovery in the gaming surveillance market in North America going forward. Continuing travel restrictions mean the market in Asia remains challenging, and any recovery there is not expected until next year.”
For further information, please contact:
Paul Webb, Chief Executive
David Bedford, Finance Director
Tel: +44 (0) 114 280 2828
Tom Griffiths / Henry Willcocks / David Coaten
Tel: +44 (0) 20 7408 4050