Ongoing New Business Momentum
Synectics plc has announced new contract wins demonstrating continued business momentum, including a significant agreement with a Southeast Asian government department to enhance and maintain a traffic monitoring system with over 2000 video channels, expected to be delivered in FY26. Additionally, the company secured two contracts to supply its COEX camera range for a flagship renewables project in the Netherlands, involving offshore substation platforms. These wins highlight Synectics' success in broadening its geographical reach and expanding into new verticals like the broader energy market.
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Synectics plc (AIM: SNX), a leader in advanced security and surveillance solutions, announces that it has secured new contracts demonstrating continued new business momentum across key growth regions and verticals.
Extending into new sector in Southeast Asia
Synectics has signed an agreement with a Southeast Asian government department to enhance and maintain a traffic monitoring camera system in-country. This project marks a significant milestone for Synectics, as the first contract within the transport vertical in Southeast Asia and is expected to be delivered in FY26.
As part of the contract, Synectics will provide an enhanced security and surveillance solution to monitor over 2000 video channels, along with control and storage hardware for the command centre. The system will provide real-time video to traffic operators based in a centralised location, enabling them to assess conditions and implement traffic management plans during incidents and major events.
Further momentum in broader energy markets
In addition, Synectics has secured a further two contracts to supply its COEX camera range to a flagship renewables project in the Netherlands, which aims to harness offshore wind energy in the Dutch and German North Sea. Synectics' specialist security and surveillance technology will be installed on two additional offshore substation platforms, providing continuous monitoring of mission-critical areas and operations to reinforce safety and security.
Amanda Larnder, Chief Executive Officer, commented:
"We are delighted to have secured these new contracts, which further enhance our efforts to both broaden our geographical reach and expand our activities into new verticals, including the broader energy market. These wins, including notable progress in Southeast Asia, are important validation of our ongoing focus and strategic intent."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.