Synectics inks surveillance deal with Ireland's National Transport Authority
Security and surveillance systems firm Synectics secured contracts with the Irish Republic's National Transport Authority valued at more than £1.0m on Tuesday.
FTSE AIM All-Share
743.26
16:50 28/03/24
Support Services
11,106.65
17:14 28/03/24
Synectics
167.50p
16:55 28/03/24
Synectics said the contracts would see its security business provide, install and maintain safety-critical on-board surveillance systems for Irish bus operators Dublin Bus and Bus Eireann.
All of the NTA's new vehicles will now feature the AIM-listed group's latest recording technology, integrated reversing systems and comprehensive in-territory support.
Chief executive Paul Webb said: "These NTA contracts recognise Synectics security's long-term experience in the Irish bus market, expertise in on-bus surveillance systems and close working relationships with the major bus manufacturers."
The deal follows Synectics' recent announcement of a new three-year framework agreement with Stagecoach, the UK's largest bus and coach operator.
As of 1000 BST, Synectics shares had shot up 10.75% to 138.44p.