17th Nov 2020 13:00
(Alliance News) - Synectics PLC said Tuesday it has signed a EUR1.3 million contract with Irish Rail to upgrade all MkIV InterCity rolling stock on the Dublin-to-Cork Intercity route to IP-based video surveillance systems.
The contract was signed following a competitive bid process, Synectics said, and will see the Sheffield, England-based provider of security systems install a surveillance system that enables full connectivity from trains to the engineering depot and other operational locations.
It is likely to be installed in September 2021 and will be followed by an additional support contract to provide a five-year in-territory maintenance programme.
Chief Executive of Synectics, Paul Webb, said: "This contract represents the first step into on-vehicle heavy-rail solutions for our Synectics Security business, building on their experience and strong track record across light-rail, underground and tram markets. Irish Rail is our second public transport win in Ireland over the last few months and reflects our growing reputation for smart technology developments that meet next-generation operator requirements."
Shares in Synectics were up 16% at 104.80 pence in London on Tuesday, giving the company a GBP18.7 million market capitalisation.
By Zoe Wickens; [email protected]
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