Synectics PLC Contract for New Buses in Northern Ireland
December 14 2021 - 2:00AM
RNS Non-Regulatory
TIDMSNX
Synectics PLC
14 December 2021
RNS Reach 14 December 2021
Synectics plc
("Synectics" or the "Company")
Contract for New Buses in Northern Ireland
Synectics plc (AIM: SNX) , a leader in the design, integration
and support of advanced security and surveillance systems,
announces the award of a contract by Wrightbus, the Northern
Ireland based producer of low- and zero- emission vehicles, for the
provision of a 'connected vehicle' solution for Translink, Northern
Ireland's public transport provider, valued initially at
approximately GBP0.8 million.
This award is in addition to an initial order placed earlier
this year which takes the overall commitment to Synectics this year
to over GBP1.0 million. Under the contract, Synectics' will deliver
a 'connected vehicle' solution based on the cloud-based software
platform it has developed, with a software, support and service
contract initially for three years.
The contract also includes the installation and commissioning of
the Company's latest on-vehicle T2000 IP-based recording platform
and IP cameras to a further 108 new vehicles to be built during
2022. This is in addition to a contract awarded earlier this year
for Synectics to equip 40 further vehicles with a similar solution,
meaning over 10 per cent. of Translink's fleet of 1,400 vehicles
will be 'connected' to Synectics' Cloud Services in 2022 .
Synectics' Cloud Services have been built from extensive
experience of providing video-based incident management software,
and provide end-to-end evidence management, easy management of
footage requests, and access to live video - all of which
facilitate collaboration with emergency services and insurers. It
can also assist in fleet-wide management by providing access to
vehicle health data, telematics, historical route analysis,
incident creation, and supporting video export.
Paul Webb, Chief Executive, Synectics plc commented: " We have
made significant investments to develop our Cloud Services over the
last few years, based on innovation designed to meet our customers'
emerging and evolving needs. It is really pleasing when operators
see the benefits of the new solutions which we are continuing to
develop."
"We are delighted at the progress we have made with fleet
operators in Ireland and Northern Ireland over the last few years,
especially in their adoption of our latest on-vehicle technologies.
They have been quick to take advantage of the benefits of our
connected vehicle and cloud services solutions, and we expect more
franchised operators in mainland UK to follow in due course."
For further information, please contact:
Synectics plc Tel: +44 (0) 114 280 2828
Paul Webb, Chief Executive
David Bedford, Finance Director
email: info@synecticsplc.com www.synecticsplc.com
Shore Capital Tel: +44 (0) 20 7408 4050
Tom Griffiths / David Coaten /
Henry Willcocks
/Ends
About Synectics plc
Synectics (AIM: SNX) is a leader in the design, integration and
support of advanced security and surveillance systems that enable
clients around the world to protect their people, communities, and
assets.
Founded over 30 years ago, Synectics has deep industry
experience across gaming, energy, urban transport, public space and
critical infrastructure projects. The Group's expert engineering
teams work in partnership with customers to create integrated
product and technology solutions, proven in the most complex and
demanding operating environments.
Find out more at www.synecticsplc.com
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRADXLFFFLLXFBX
(END) Dow Jones Newswires
December 14, 2021 02:00 ET (07:00 GMT)
Quadnetics (LSE:QDG)
Historical Stock Chart
From Jul 2024 to Aug 2024
Quadnetics (LSE:QDG)
Historical Stock Chart
From Aug 2023 to Aug 2024