By Iain Gilbert
Date: Monday 27 Jan 2025
LONDON (ShareCast) - (Sharecast News) - Security and surveillance systems firm Synectics said on Monday that it has been awarded a further contract to deploy a Synergy upgrade and expansion at a major gaming resort in Southeast Asia.
Synectics stated that under the terms of the contract, which was worth approximately $2.2m, it will provide a comprehensive suite of professional services - including the project management and on-site commissioning required to upgrade the existing software and hardware infrastructure to enhance security capabilities.
The AIM-listed firm said it has been working with the unnamed customer since 2014, and stated the contract was further to the $13.2m contracts awarded, in aggregate, in FY24.
Chief executive Amanda Larnder said: "We are delighted to provide our professional services to such a prestigious and long-term customer in a market and territory in which we have significant experience.
"This contract demonstrates the customer's confidence in Synectics' end-to-end expertise required to deliver such an organisationally critical project and the commitment to our ongoing partnership."
As of 1100 GMT, Synectics shares were up 1.80% at 325.75p.
Reporting by Iain Gilbert at Sharecast.com
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Currency | UK Pounds |
Share Price | 333.00p |
Change Today | 3.00p |
% Change | 0.91 % |
52 Week High | 365.00 |
52 Week Low | 167.50 |
Volume | 1,767 |
Shares Issued | 17.79m |
Market Cap | £59.26m |
Beta | 0.01 |
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Final | Interim | |
Ex-Div | 24-Apr-25 | 25-Jul-24 |
Paid | 16-May-25 | 23-Aug-24 |
Amount | 2.50p | 2.00p |
Time | Volume / Share Price |
08:23 | 1,250 @ 331.70p |
08:09 | 517 @ 326.00p |
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