Contract Awards
Synectics awarded £4.0 million in additional National Grid contracts covering 13 sites.
- Contract value £4.0 million
- Number of new sites 13
- Total sites under framework 20
- Framework agreement duration to October 2026
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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 additional contracts, valued at approximately £4.0 million, will see Synectics deliver security improvement works across 13 new sites.
Synectics was awarded its first contract under the framework agreement with National Grid in October 2022, and will now be deploying its services across 20 sites throughout National Grid's substantial estate. The contract will be delivered by Synectics' Security division, which will be responsible for delivering the improvement works as well as providing ongoing support.
The framework agreement - which runs to October 2026 - centres around the provision of CCTV and Access Control Systems throughout the National Grid estate across England, Wales and Scotland. Synectics is able to draw on its significant expertise in the delivery of solutions for critical infrastructure projects to deliver an end-to-end solution for the customer.
The works covered by these contracts are planned for completion in FY 2024.
Paul Webb, Chief Executive Officer of Synectics, commented:
"We are delighted to have been awarded these new contracts with National Grid which further enhance our long-term partnership, delivering solutions together.
"We look forward to continuing to work with National Grid, ensuring their systems remain cyber-secure and effective."
Find out more at www.synecticsplc.com
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.