RNS: AGM Statement

Thursday, 27 April 2017

Synectics plc (AIM: SNX), a leader in the design, integration, control and management of advanced surveillance technology and networked security systems, is holding its Annual General Meeting at 11.00am today, at which the Chairman, David Coghlan, will make the following statement.

"Synectics’ results for the first four months of the current financial year have been in line with the Board’s expectations.  Particularly pleasing have been the number and scope of important new orders recently won across different sectors.

On 11 April 2017, we announced the following three major contract wins:

  • A multi-million dollar contract for an integrated 5,000-camera surveillance system, based on Synectics’ Synergy 3 command and control software, for five properties in a gaming mega-resort in the Philippines; 
  • A large and strategically important extension of our Synergy 3 surveillance system at Jakarta Airport to the newly-built Airport Operational Command Centre, which will be the operational heart of the busiest airport in the southern hemisphere; and
  • A three-year, multi-million pound extension to Synectics’ long-term contract with the UK’s largest bus operator, Stagecoach, to supply and support CCTV systems for their entire bus fleet.

Since then, Synectics has also been awarded a further contract worth around US$1 million to extend an existing Synergy 3 system for a gaming customer.

These contracts taken together underline the continued momentum Synectics is achieving in its strategy of providing differentiated, sector-specific, high-end surveillance solutions built around our core command and control software. 

Based on the Group's current healthy order book and pipeline of anticipated new business, the Board's expectations for results for the full year remain in line with market forecasts."

For further information, please contact:

Synectics plc
David Coghlan, Chairman
Paul Webb, Chief Executive
Mike Stilwell, Finance Director
Tel: +44 (0) 1527 850 080

Stockdale Securities Limited
Tom Griffiths / Henry Willcocks
Tel: +44 (0) 20 7601 6100

For further media information, please contact
Claire Evans
Intelligent Conversation
Tel: + 44 (0) 161 212 1613 


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