Synectics plc
("Synectics" or the
"Company")
$2.7 million Contract
Awards
Synectics selected to deploy its
flagship Synergy software in casinos in the Philippines and the
US
Synectics plc (AIM: SNX), a leader in advanced
security and surveillance systems, is pleased to announce that it
has been awarded four separate contracts from customers in the
gaming sector totalling US$2.7 million (together, the
"Contracts").
The Company will deploy its flagship Synergy
software platform into two leading gaming resorts in the
Philippines, having signed contracts with two new customers.
Synergy was selected for its comprehensive suite of features and
tailorable solution, specifically designed for control rooms that
require the highest level of surveillance and security.
In addition, Synectics has further strengthened
its long-standing partnership with PENN Entertainment, Inc.
(NASDAQ: PENN) by securing a further two new contracts to deploy
Synergy software at two additional casinos in PENN Entertainment's
portfolio. This expansion brings the total number of Synergy
installations at PENN Entertainment properties to 25.
The Contracts are expected to be delivered in
the Company's current financial year ending 30 November
2025.
Amanda
Larnder, Chief Executive Officer and Chief Financial Officer,
commented:
"Today's
announcement demonstrates our positive momentum in the gaming
market, and the continued demand for our innovative, market-leading
surveillance and security technology. We are delighted to be
collaborating with two new customers in the Philippines, further
expanding our footprint in the region.
"Additionally, our continued
partnership with PENN Entertainment demonstrates the enduring value
and adaptability of Synergy in supporting PENN's complex security
and surveillance needs across its portfolio."
For
further information, please contact:
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Synectics plc
Amanda Larnder, Chief Executive
Officer and Chief Financial Officer
Claire Stewart, Company
Secretary
email: info@synecticsplc.com
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Tel: +44
(0) 114 280 2828
www.synecticsplc.com
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Shore Capital
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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
synectics@vigoconsulting.com
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Tel: +44 (0) 20 7390
0230
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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.
Find out more at
www.synecticsplc.com