RNS: Major Contract Win
Thursday, 21 January 2016
Synectics plc (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, announces that its newly incorporated subsidiary company, Synectic Systems (Macau) Limited, has been awarded a multi-million pound contract to provide an integrated surveillance solution for a new casino resort in Macau, which is currently under construction by a major international gaming operator. Fulfilment of the contract is expected to begin in the next few months and be substantially complete by the end of the financial year.
Synectics will deliver an intelligently integrated security and video surveillance system designed around its Synergy 3 command and control platform and industry leading HD IP cameras.
Synectics' global gaming sector business is already well established in the Asia Pacific region having provided integrated surveillance solutions for major casino resort and cruise line clients in Manila, Singapore, Malaysia, Korea, Saipan and Macau.
In response to this increased demand for its integrated surveillance solutions in the region, Synectics has recently opened a new office in Macau, which is the latest addition to the Group's global network of sales, support and operations centres.
Paul Webb, Chief Executive of Synectics, said: "Synectics now supports over 100 gaming properties around the world. Our extensive US experience in the sector has enabled us to demonstrate two key attributes to the Asia Pacific market - quality and reliability. From that base we've built a reputation that is going from strength to strength and this major new contract confirms that our solutions are the preferred choice of some of the region's premier gaming operators.
"Our new Macau office will play a crucial role in our continued growth strategy by boosting our ability to offer technical support at a local level. The investment demonstrates our commitment to existing customers and to the Asia Pacific market as a whole."
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