Synectics Wins Five-Year Contract With National Grid
March 08 2022 - 4:35AM
Dow Jones News
By Anthony O. Goriainoff
Synectics PLC said Tuesday that it has been awarded a five-year
contract with National Grid PLC to provide security management
software support.
The U.K. provider of security and surveillance systems said that
although the total contract value was confidential it expected to
recognize revenue of around 600,000 pounds ($786,240) in fiscal
2022, and that this would lessen in each of the remaining years of
the contract.
"This further expands Synectics' footprint in high-security
infrastructure markets, where we have a strongly differentiated
product offering," Chief Executive Paul Webb said.
Shares at 0901 GMT were up 2.50 pence, or 2.3%, at 112.50
pence.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
March 08, 2022 04:20 ET (09:20 GMT)
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