Synectics PLC AGM Statement (4543D)
27 April 2017 - 4:00PM
UK Regulatory
TIDMSNX
RNS Number : 4543D
Synectics PLC
27 April 2017
For immediate release 27 April 2017
Synectics plc
("Synectics" or the "Group")
AGM Statement
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 Tel: +44 (0) 1527 850
080
David Coghlan, Chairman
Paul Webb, Chief Executive
Mike Stilwell, Finance
Director
Email: info@synecticsplc.com www.synecticsplc.com
Stockdale Securities Tel: +44 (0) 20 7601
6100
Tom Griffiths / Henry
Willcocks
For further media information, please contact:
Intelligent Conversation Tel: +44 (0) 161 212
1613
Claire Evans
Email: claire@weareic.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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