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On 4 November 2024, Synectics plc announced it has been awarded additional contracts by National Grid, under an existing framework agreement. These contracts, valued at approximately £2.2 million in aggregate, are for security improvement works at 12 sites across the UK. Synectics' Ocular Integration division will deliver these services, bringing the total number of sites Synectics services under the framework to 32.
| Date | 4 Nov 2024 |
| Time | 07:00:03 |
| Category | Corporate updates |
| ID | 6946K |
4 November 2024 |
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Synectics plc
("Synectics" or the "Company")
Contract Awards
Synectics selected for additional critical infrastructure sites
Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, announces that it has been awarded further contracts as part of a framework agreement with National Grid.
The contracts, which are valued, in aggregate, at approximately £2.2 million, are for the delivery of security improvement works for 12 sites across the UK. Synectics was awarded its first contract under the National Grid framework agreement in October 2022 and, following the award of these new contracts, will now be deploying its services across a total of 32 sites throughout National Grid's estate.
The contracts will be delivered by Ocular Integration ("Ocular"), the Company's division formerly known as Security, which will be responsible for implementation as well as providing ongoing customer support.
Amanda Larnder, Interim Chief Executive Officer and Chief Financial Officer, commented:
"We are delighted with the award of these additional contracts with National Grid. It is paramount that such critical infrastructure sites and systems remain robust and secure, and Ocular has significant experience in successfully delivering these solutions."
For further information, please contact:
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Synectics plc Amanda Larnder, Interim CEO and CFO Claire Stewart, Company Secretary email: [email protected] |
Tel: +44 (0) 114 280 2828 |
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Shore Capital |
Tel: +44 (0) 20 7408 4090 |
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Corporate Advisory - Tom Griffiths / David Coaten / Rachel Goldstein Corporate Broking - Fiona Conroy |
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Vigo Consulting Jeremy Garcia / Fiona Hetherington / Peter Jacob |
Tel: +44 (0) 20 7390 0230 |
About Synectics plc
Synectics (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, transport, 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.