RNS: Contract Extension
Wednesday, 10 February 2016
Synectics plc (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, today announces that it has been awarded a contract extension with Stagecoach, one of the UK's largest bus operators.
Synectics, which has a successful 13-year partnership with Stagecoach, will continue to supply, install and maintain CCTV solutions on Stagecoach's 8,500-strong fleet of vehicles in Europe. In the last three years, the Company has equipped 1,660 new vehicles with the latest on-vehicle CCTV solutions and maintained existing systems across a growing fleet.
The extended agreement will see Synectics continue to support Stagecoach for another year, up to 31 March 2017, and will cover a number of system installations on new vehicles operating across the UK and in mainland Europe.
Paul Webb, Chief Executive of Synectics, commented: "This contract extension demonstrates our ability to meet the complex technology needs of large bus and coach fleets. Our deep transport sector expertise combined with our technical capabilities help us anticipate emerging requirements to make sure we have the best solution to hand when it's needed. We are looking forward to continuing our partnership with Stagecoach."
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) 207 601 6100
Mark Court / Sophie Cowles / Jane Glover
Tel: +44 (0) 207 466 5000