Synectics plc announced that it has been awarded a contract valued at approximately USD 10 million (the Contract) to upgrade and expand the surveillance system at a major gaming resort in South-East Asia (the Customer), one of the most successful and highest profile gaming resorts in the world. Delivery of the Contract is anticipated to commence late in the Company's current financial year ending 30 November 2024 with completion expected by the end of the financial year ending 30 November 2025. The Customer has been using Synergy, the Company's proprietary software platform, since 2014 and the Contract will expand and upgrade the Customer's existing system to the latest version of Synergy.

This is a complex project with the Customer's system remaining in operation 24/7 throughout the upgrade, and the Company is currently developing a detailed programme with the Customer.