Synectics secures major contracts boost
THE YORKSHIRE-BASED surveillance firm Synectics has secured a string of major contracts which will improve security in the gaming and transport sectors.
The UK bus operator, Stagecoach, has renewed a multi-million pound, three-year contract with Synectics to deliver on-vehicle CCTV systems for all new vehicles, as well as continuing support for its entire fleet.
Synectics has also signed a multi-million dollar contract to supply an integrated video and security management service, based around its ‘command and control’ software Synergy 3, to a major Philippines casino.
The system will record and monitor more than 5,000 cameras across five properties, which include several new hotel casinos, as well as a retrofit of an existing casino resort.
The company said: “The win builds on Synectics’ ever-growing project portfolio in the region.”
Synectics said it had gained world-class gaming clients in Macau, Singapore, Korea and Manila’s Entertainment City.
The company’s statement added: “Following the successful deployment in 2015 of its Synergy 3 system at Jakarta Airport, the busiest airport in the Southern hemisphere, Synectics has been contracted to extend the system into the new airport operational command centre, recently announced by the airport operator, Angkasa Pura II.
“Initially deployed in the airport’s new Terminal 3, the Synergy system had already been extended to cover the customs area, and this new award takes the system to the heart of the airport complex.”
Sam Greer, Stagecoach UK bus engineering director, commented: “We have worked with Synectics for many years, and have become increasingly impressed by their ability to deliver the solutions we need now, and in the future.
“Importantly, these systems are helping to improve the security and safety of our passengers.”
Synectics’ strategic growth in the transport sector has been boosted by a series of contract awards in the UK and Europe.
These contracts include a fleet-wide surveillance upgrade project with Rail for London trams, an extended contract with a Passenger Transport Executive in the North-East of England to provide on-board surveillance services for its light rail and tram services, and a passenger safety system for German railway company Deutsche Bahn, the world’s second-largest transport company.
Commenting on the contract wins, Paul Webb, the chief executive of Sheffield-based Synectics, said: “I am very pleased with this latest large-scale casino win, which further reinforces our position as the leading provider of gaming surveillance solutions in the Asia-Pacific region.
“The contract wins announced today also demonstrate the encouraging progress we are making in applying our proven sectorfocused model to the transport and infrastructure market, which is a key strategic objective for the business.”
In February, Synectics said it had produced a “solid perform- ance” in its latest full year results. The group said revenue rose 4 per cent to £71m in the year to November 30, 2016.
In a statement to accompany the full year results, Synectics said the group’s profits, profit margin and return on capital made “reasonable” progress towards its target levels.
Commenting on the outlook, David Coghlan, the company’s chairman, said in February: “We are looking forward to a challenging year in 2017, in which the board expects Synectics to make further satisfactory progress towards our strategic and financial objectives.”
He continued: “Looking a bit further ahead, the oil and gas market will recover, and we are geared to benefit significantly when it does.”