Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Synectics wins £800,000 contract with 'major UK utility provider'

(Sharecast News) - Security and surveillance systems business Synectics has been awarded an £800,000 contract with a new customer to deliver a multi-site deployment of its proprietary software platform, Synergy. Synectics said the contract, which was with "a major UK utility provider", will be deployed in its current financial year and see Synergy rolled out across the client's main command and control centre, centralising feeds from numerous disparate locations throughout the network into one simple interface.

The AIM-listed group highlighted that Synergy's open architecture allows configuration to the exacting requirements of each individual customer. Furthermore, Synergy incorporates third-party solutions into its platform, ensuring customers continue to benefit from leading solutions as technologies develop and evolve.

Chief executive Paul Webb said: "We are delighted to have secured this new contract. The flexibility of our software ensures that we can deliver a system that is tailored to each customer, enabling us to deliver sector-specific solutions. We look forward to working with this new customer to streamline and optimise their command and control functionality."

As of 0935 BST, Synectics shares were up 4.05% at 192.50p.

Reporting by Iain Gilbert at Sharecast.com

Share this article

Related Sharecast Articles

Thor posts strong first half, lowers full-year production guidance
(Sharecast News) - Gold explorers and miner Thor Explorations reported a solid first-half performance on Friday, although it lowered its full-year production guidance.
Trinity delays publication of scheme document for its takeover
(Sharecast News) - Trinity Exploration & Production announced a delay in the publication of the scheme document related to its recommended cash acquisition by Lease Operators on Friday.
Celadon confident in seeing through funding challenges
(Sharecast News) - Cannabis-based medicines specialist Celadon Pharmaceuticals updated the market on its financial position on Friday, amid ongoing challenges related to delays in expected funding.
Sound Energy inks bridge finance deal ahead of SEME sale completion
(Sharecast News) - Sound Energy has entered into a bridge financing facility agreement for up to £1.5m, it announced on Friday.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.