Tech Capital

Future Fibre Technologies secures major contract in the Middle East

The company recently secured a pipeline protection contract in India.
shutterstock_143502184.jpg
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.



Register here to be notified of future FFT Company articles
View full FFT profile

Future Fibre Technologies Ltd Timeline

View All

Related Articles

© tech Capital 2017

Tech Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed tech companies to interact with institutional and highly capitalised investors.
Headquartered in London, Tech Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.