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£1.1 million Contract Award

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Ocular wins £1.1m contract with Stagecoach to pilot On-Board Hub solution across UK's largest bus operator fleet.

  • Contract value £1.1 million
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Synectics plc (AIM: SNX), a leader in advanced security and surveillance solutions, is pleased to announce that Ocular Integration ("Ocular"), its systems integration business, has been awarded a contract worth approximately £1.1 million (the "Contract") with Stagecoach, the UK's largest bus and coach operator.

Under the terms of the Contract, Stagecoach will pilot Ocular's new On-Board Hub solution, an innovative, single-platform solution, designed to enhance fleet efficiency while improving both operator oversight and the passenger experience. The pilot is expected to be completed within twelve months, with the expectation that it is deployed more widely upon successful completion.

The On-Board Hub is a groundbreaking new system that has been developed in collaboration with Navaho Technologies Limited. The On-Board Hub leverages Synectics' cloud services and software, providing a secure, scalable environment capable of running multiple third-party applications simultaneously and integrates functionality, including automatic vehicle location, CCTV feeds, safety sensors and real-time passenger information.

This new system simplifies the deployment of on-board surveillance technology, which will, in turn, streamline operations, creating an integrated platform improving the operator and passenger experience.

Amanda Larnder, Synectics' Chief Executive Officer and Chief Financial Officer, commented:

"We are delighted that Ocular has been awarded this contract with the UK's largest bus and coach operator, which will be piloting its next-generation, on-vehicle technology. The Contract not only recognises Ocular's long-standing experience in the transport sector but also demonstrates Ocular's expertise in understanding and responding to customers' individual needs by developing an on-vehicle surveillance solution that responds to their unique requirements.

Ocular has been working with Stagecoach since 2003 and we are hugely excited to partner with them on this new project, rolling out our innovative technology across their fleet to enhance operational efficiency and passenger experience."

Find out more at www.synecticsplc.com

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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