Synectics PLC Contract Win (9550U)
November 29 2023 - 2:00AM
UK Regulatory
TIDMSNX
RNS Number : 9550U
Synectics PLC
29 November 2023
29 November 2023
Synectics plc
("Synectics" or the "Company")
Contract Win
Synectics plc (AIM: SNX), a leader in advanced security and
surveillance systems, announces that it has secured a contract
worth GBP1.0 million with a major UK financial institution to
deliver a multi-site deployment of Synergy, the Company's
proprietary software platform (the "Contract").
The Contract, which will be completed in FY 2024, will see
Synectics deliver an upgraded surveillance and security system in
multiple locations across the financial institution's back-office
estate in the UK, which includes data, cash, alarm receiving, and
disaster recovery centres. As part of the Contract, Synectics will
also undertake upgrades to the financial institution's existing
on-site hardware, including the installation of its latest
generation 4K cameras.
The Synergy software platform is highly configurable, enabling
seamless integration to meet the exact requirements of every
customer. The flexibility and reliability of the software ensure
that it has applications for any large commercial operation, as
well as for the public sector.
Synergy's 'dataveillance' engine combines feeds from CCTV
cameras and many other systems across multiple sites into one
simple interface, allowing operators to identify and respond
promptly to anomalous events or potential threats. Analytics,
including the integration of AI capabilities, have long been
incorporated into the Synergy platform, and Synergy customers will
benefit from the integration of future technological advances.
For this financial institution, the platform has been
specifically configured to include not only the high spec video
feed integrations, but also alarm management and advanced security
workflows overseeing entry and exit from site which is imperative
in the financial services space.
Paul Webb, Chief Executive Officer of Synectics, commented:
"Today's announcement is significant for Synectics, as it is its
largest single contract to deploy its Synergy software to a
commercial customer in the UK for many years.
"In the public sector, similar solutions using our technologies
continue to be a real driver for enhancing and enabling
multi-agency, multi-site collaboration.
"Our extensive experience and expertise mean that customers can
rely on us to help ensure their systems can be configured to meet
demanding internal procedures, as well as all external regulatory
requirements."
For further information, please contact:
Synectics plc Tel: +44 (0) 114 280
Paul Webb, Chief Executive Officer 2828
Amanda Larnder, Chief Financial Officer
info@synecticsplc.com
Shore Capital Tel: +44 (0) 20 7408
Tom Griffiths / David Coaten 4090
Vigo Consulting Tel: +44 (0) 20 7390
Jeremy Garcia / Fiona Hetherington / Aisling 0230
Fitzgerald
synectics@vigoconsulting.com
About Synectics plc
Synectics plc (AIM: SNX) is a leader in advanced security and
surveillance systems that help protect people, property,
communities, and assets around the world.
The Company's expertise is in providing solutions for specific
markets where security and surveillance are critical to operations.
These include gaming, oil and gas, public space, transportation,
and critical infrastructure.
Synectics has deep industry experience in these markets and
works closely with customers to deliver solutions that are tailored
to meet their needs. Technical excellence, combined with decades of
experience and long-standing customer relationships, provides
fundamental differentiation from mainstream suppliers and makes the
Company a stand out in its field.
Find out more at www.synecticsplc.com
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END
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