Synectics: Yorkshire-based surveillance systems firm clinches contracts worth £2m
Yorkshire-based surveillance systems firm Synectics has announced that it has been awarded two new contracts worth a total of around $3m (£2.24m).
The contracts come from two gaming customers in the Philippines and the US, and follow Synectics winning a string of gaming contracts in recent months.
Amanda Larnder, Synectics' chief executive officer and chief financial officer, said: "We are pleased to secure these contract wins in both Asia and North America.
"These orders further underpin the Group's revenue in the current financial year."
The first contract, valued at $2.5m (£1.87m) has been secured with an integrated casino resort located in Entertainment City, Manila, an existing customer with Synectics since 2016.
Synectics will upgrade the resort’s proprietary Synergy software and deliver what it described as a “major refresh” of the existing video surveillance infrastructure.
The work will involve upgrading critical components of the customer's surveillance system, enhancing its performance, scalability, and long-term resilience.
The majority of the contract is expected to be delivered in the company's current financial year.
Valued at $600,000 (£450,000), the second contract has been struck with a “tribal gaming” property in Oklahoma, North America. Tribal gaming refers to casinos located on reservation land.
The contract will see Synectics deploy its Synergy software across the property. The solution also includes Synergy's suite of AI monitoring and detection tools.
Ms Larnder added: “The upgrade at a world-class resort in Manila reflects the strength of our long-term customer relationships and the ongoing investment by major operators in Synergy's mission-critical solutions.
“Whilst the tribal gaming contract in Oklahoma marks both an important entry into a new market and an early deployment of Synergy's new AI tools.
Synectics announced last month that it had agreed a five-year extension on a contract with what it described as “one of the world's most successful and high-profile gaming resorts”.
The unnamed customer is a major casino operator based in South-East Asia.
The contract announcement came after Synectics previously announced a string of contracts with major gaming resorts, including in January this year and September 2024.
The company also announced last month that it had appointed a new chief financial officer.
Paul Williams will take over the role from 26 August, having previously worked in a string of IT and software roles. He takes over from Ms Larnder who has held the dual role of chief executive officer and chief financial officer.