(MENAFN- ProactiveInvestors)
ASX newcomer Future Fibre Technologies (ASX:FFT) has been awarded a new perimeter security contract worth $938000 for the provision of services at a major Queensland LNG facility.
This brings the total value of Queensland LNG security contracts to $2.1 million over three years.
FFT is committed to the ongoing development of sophisticated fibre optic sensing technologies and expects FY2015 revenue to be in line with its Prospectus forecast of $17.7 million an increase of 34.5% over FY2014.
Shares in the company commenced trading today on the Australian Securities Exchange following an Initial Public Offering of 30 million shares priced at $0.70 each to raise $21 million for growth capital.
It is currently trading at $0.85.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.