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Synectics wins multi-million pound contract with City of London

Wed, 07th Apr 2021 10:27

(Sharecast News) - Security and surveillance technology company Synectics has been awarded a multi-million-pound project by the City of London Corporation and the City of London Police as part of their 'Secure City Programme', it announced on Wednesday.
The AIM-traded firm said the project, which would consist of a large cloud-based surveillance control system, was expected to be substantially delivered in 2021, with ongoing maintenance and support over five years.

It said the Secure City Programme was a joint initiative between the City of London Corporation and the City of London Police, to "significantly improve" the safety of Square Mile residents, workers and visitors.

Synectics said it would support the delivery of a number of the city's Secure City Programme initiatives.

The Synectics initiative would use integrated native cloud technology to bypass traditional dependencies on local hardware storage, meeting the city's 'Cloud First' objectives.

Synectics said it would deploy cloud-based capabilities within its Synergy platform, alongside its recording management software and integrated video analytics capability.

That approach would analyse live video surveillance from hundreds of city-owned and third-party camera sources, including other police services and local transport operators, to deliver a new model for real time incident management, the board explained.

"We are delighted that the City of London has placed its trust in Synectics to support its Secure City programme," said chief executive officer Paul Webb.

"The City of London is going beyond any other public space project we currently have in operation, using Synergy to deliver the most complete cloud-based video-driven surveillance in a major city centre today."

Webb said the company's work with the City of London was the latest stage in the evolution of its Synergy platform.

"Our ability to provide a seamless transition path to hybrid and cloud deployments enables operators to take advantage of cloud benefits in a way that suits their individual security, surveillance and operational management demands."

At 0911 BST, shares in Synectics were up 8.15% at 146p.
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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13 Apr 2023 12:13

IN BRIEF: Synectics wins contract to supply specialist camera stations

Synectics PLC - Sheffield, England-based advanced security and surveillance provider - Gets a contract award to provide specialist camera stations for Saudi Arabian Oil Co's Zuluf development programme, worth GBP3.5 million. Says the deal will be delivered by the end of the company's financial year on November 30. The Zulu field is about 40 kilometres off Saudi Arabia's northeast coast.

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13 Apr 2023 10:04

Synectics secures £3.5m contract with Saudi Aramco

(Sharecast News) - Security and surveillance systems group Synectics has secured a contract worth approximately £3.5m that will see it supply specialist camera stations for Saudi Aramco's Zuluf development programme.

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22 Feb 2023 11:47

IN BRIEF: Synectics achieves swing to annual profit; revenue rises

Synectics PLC - Sheffield, England-based advanced security and surveillance provider - Reports revenue of GBP39.1 million for the year ended on November 30, up 6.8% from GBP36.6 million the year before. Swings to a pretax profit of GBP361,000 from a loss of GBP558,000, on a gain of profit on sale of disconnected operations of GBP804,000. Underlying operating profit amounts to GBP1.2 million, compared to a loss of GBP500,000 the year before. Order book stands at GBP24.4 million as at November 30, up from GBP23.6 million on the same date a year earlier with a strong pipeline of expected orders.

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17 Feb 2023 10:32

IN BRIEF: Synectics appoints new chair with immediate effect

Synectics PLC - Sheffield, England-based advanced security and surveillance provider - Appoints Independent Non-executive Director & Chair Designate Craig Wilson as its new non-executive chair with immediate effect. Says he was appointed as independent non-executive director and chair designate in November. Also notes David Coghlan has retired as a director.

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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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13 Dec 2022 14:28

IN BRIEF: Synectics trading meeting expectations amid Covid challenges

Synectics PLC - Sheffield, England-based advanced security and surveillance provider - Says trading continued in line with expectations in the second half of its financial year that ended November 30. Says this is despite trading challenges in Asian casinos and gaming resorts due to the now-ended zero Covid-19 policy in China, causing travel restrictions.

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Synectics set to beat full-year underlying profit expectations

(Sharecast News) - Security and surveillance technology developer Synectics said in an update on Tuesday that trading had continued in line with its expectations in the financial year just ended.

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IN BRIEF: Synectics completes sale of SSS Management Services business

Synectics PLC - Sheffield, England-based security systems company - Announces completion of sale of its SSS Management Services Ltd business to Parfas Ltd. Sale agreed on November 11 for a cash consideration of GBP200,000.

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IN BRIEF: Carclo shares down as division CFO Bedford promoted to CFO

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TRADING UPDATES: Driver records loss; Synectics sells business unit

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11 Nov 2022 12:33

Synectics sells non-core SSS business for up to £0.2m

(Sharecast News) - Security and surveillance system specialist Synectics announced the conditional sale of the business of SSS Management Services on Friday, to Parfas for up to £0.2m in cash.

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IN BRIEF: Synectics names AdEPT director Wilson as chair designate

Synectics PLC - Sheffield, England-based security systems company - Names Craig Wilson as chair designate and a non-executive director with immediate effect. Says he will become non-executive chair after a planned transition and handover period of about three months. In June, David Coghlan said he will step down as chair by the end of this year after 16 years in the role to a "less direct role".

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IN BRIEF: Synectics to announce appointment of new chair "shortly"

Synectics PLC - Sheffield, England-based security systems company - Says recruitment process for replacement for Chair David Coghlan is progressing positively, and expects to announce the appointment of Coghlan's successor "shortly". The firm first announced Coghlan's intention to retire back in June. Also says Michael Butler, an independent non-executive director, will leave the board upon the conclusion of the firm's financial year ending November 30.

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Synectics swings to interim profit on oil and gaming sectors growth

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