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Future Fibre Technologies secures major contract in the Middle East

The company recently secured a pipeline protection contract in India.
Future Fibre’s system can be covertly buried in the ground

Future Fibre Technologies (ASX:FFT) has secured a new order valued at over $1.6 million to protect the perimeter of an international seaport in the Middle East.

The company develops and manufactures fibre-optic intrusion detection systems which are deployed across industrial, military and government organisations.

Future Fibre’s Aura system can be covertly buried in the ground across open areas to detect and track intruders on foot, in vehicles, and other intrusive activities such as digging.

The international seaport will use multiple Aura controllers to protect its extensive perimeter.

In addition, Future Fibre’s alarm system will be integrated into the port’s physical security information management system.

The majority of the contract is scheduled to be delivered in the first quarter of FY2018.

Future Fibre recently secured a major pipeline protection contract in India valued at over $360,000.

The Aura system will be used to protect an initial 82-kilometre section of critical pipeline and help prevent petroleum theft through illegal tapping.

Future Fibre’s financial position remains strong with net tangible assets of $15.9 million including $7.5 million cash at bank, and no debt as at 31 March 2017.

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