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Synertec Corporation Limited (ASX:SOP)

ALERT: Price-sensitive ASX Announcement for SOP
Current share price for SOP : $0.044 0.021 (91.30%)+
Announcement
Release
19 May 2026 10:25AM
Price at Release
$0.023
Full Release
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Summary
Synertec Corporation Limited has announced the execution of a Letter of Intent (LOI) with a major Australian energy operator for Phase 1 of a significant operational technology and digital systems project. This follows the signing of a comprehensive framework agreement in October 2025. The LOI allows Synertec to start early works while the final scope of works is being finalized. Though the LOI is non-binding, it marks a significant step in a multi-million dollar project expected to be delivered over two years, with some minor works extending into a third year. The identity of the customer remains confidential.
Key Points
  • Synertec signs a Letter of Intent with an Australian energy operator.
  • The project involves operational technology and digital systems upgrades.
  • The LOI follows a prior comprehensive framework agreement.
  • Early works have been approved to ensure project continuity.
  • The project scope and pricing parameters are under finalization.
  • The customer identity is confidential.
  • The project is expected to primarily complete in two years with some minor works extending into a third year.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.