Synectics (SNX)

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 182.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 193.50p
  • 52 Week Low: 97.50p
  • Currency: UK Pounds
  • Shares Issued: 17.79m
  • Volume: 5,646
  • Market Cap: £32.47m

Synectics wins multi-million pound contract with City of London

By Josh White

Date: Wednesday 07 Apr 2021

LONDON (ShareCast) - (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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Synectics Market Data

Currency UK Pounds
Share Price 182.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 193.50p
52 Week Low 97.50p
Volume 5,646
Shares Issued 17.79m
Market Cap £32.47m

Synectics Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
18.12% above the market average18.12% above the market average18.12% above the market average18.12% above the market average18.12% above the market average
75.82% above the sector average75.82% above the sector average75.82% above the sector average75.82% above the sector average75.82% above the sector average
Price Trend
96.41% above the market average96.41% above the market average96.41% above the market average96.41% above the market average96.41% above the market average
91.92% above the sector average91.92% above the sector average91.92% above the sector average91.92% above the sector average91.92% above the sector average
Income
1.39% below the market average1.39% below the market average1.39% below the market average1.39% below the market average1.39% below the market average
21.88% above the sector average21.88% above the sector average21.88% above the sector average21.88% above the sector average21.88% above the sector average
Growth
97.71% above the market average97.71% above the market average97.71% above the market average97.71% above the market average97.71% above the market average
95.96% above the sector average95.96% above the sector average95.96% above the sector average95.96% above the sector average95.96% above the sector average

Synectics Dividends

  Latest Previous
  Final Final
Ex-Div 11-Apr-24 06-Apr-23
Paid 03-May-24 05-May-23
Amount 3.00p 2.00p

Trades for 17-May-2024

Time Volume / Share Price
15:10 136 @ 183.44p
13:41 3,760 @ 177.55p
09:31 1,750 @ 184.00p

Synectics Key Personnel

CEO Paul Webb
Finance Director Amanda Larnder

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