Synertec Corporation (ASX: SOP) has secured more than $1 million in initial projects under a new Sydney Water SCADA and Electrical Services Panel, positioning it for up to $245 million in future opportunities within the utility's extensive infrastructure plan.
These projects involve critical upgrades to existing Sydney Water facilities, with delivery scheduled over the next 12 months.
The company has established agreements with all Sydney Water Regional Delivery Partners, ensuring it can execute projects across the North, South, and West regions of Greater Sydney.
To further support this expansion, Synertec has also established a Sydney office and appointed a State Manager to bolster local engagement and operational capabilities.
Access to $245M Water Project Pipeline
The newly secured SCADA and Electrical Services Panel provides Synertec with access to a substantial pipeline of operational technology (OT) project opportunities.
This pipeline is estimated at approximately $245 million over the next five years.
These opportunities are a component of Sydney Water's broader $34 billion long-term capital and operational plan for water infrastructure.
This strategic panel aligns Synertec directly with one of Australia's largest water utilities.
Enhanced Execution and Regional Presence
Synertec's commitment to the Sydney Water partnership is underscored by its enhanced local presence.
The newly established Sydney office and the appointment of a dedicated State Manager are set to strengthen the company's capability for project execution and local stakeholder engagement.
The agreements with all Sydney Water Regional Delivery Partners are crucial.
They facilitate the efficient delivery of upgrades and services across the entire Greater Sydney network, ensuring seamless integration and project rollout.
Synertec's Strategic Water Infrastructure Push
Synertec's significant win with Sydney Water demonstrates its strategic focus on the water infrastructure sector.
The company is well-positioned to leverage this new panel for substantial future revenue, though execution across multiple partners presents a key risk.
