- FFT Aura used to protect Power Plant perimeter and data network
- New contract follows recently announced orders valued at A$962,000
FFT secures Oil & Gas security contracts valued at A$962K
- Expansion plans continue with appointment of Sales Manager in Poland
- Cash position of $10.9 million with no debt
- New perimeter security contract for rail extension project in SE Asia
- Order for multiple Secure Point controllers to protect 16 new US solar parks
- Growing demand from US utility sector driven by a Government legislation
- New sales & marketing resources recruited
- May 2016 signing of major distribution partner
- Further investment in R&D to drive competitive advantage
- Total Revenue $15.5 million
- EBITDA loss of $5.6 million (Pro-forma loss of $2.7 million)
- Cash position of $12.1 million at 30 June 2016 – no debt
- Strong balance sheet
- Growing list of project opportunities
- Mark Horton appointed to drive FFT global sales strategy
- Former Regional Sales Director Middle East for G4S plc
- Appointment follows recent expansion of sales resources in Brazil and Asia
- Deal delivers FFT immediate access to global distribution network
- First major distribution agreement for FFT Secure Point
- Opportunity to extend agreement to other FFT security solutions
- FFT focussed on establishing further distribution programs
- Expansion plans continue with appointment of additional sales and support staff in key markets.
- Significant growth in third quarter operating cash flow – up 50% on previous period.
- Cash position of $13 million – no debt.
- FFT CAMS 3 interfaces with the Lenel® OnGuard® access control security system
- Revenue of $8.62 million – up 55% on 1H2015
- Significant perimeter contracts secured from new and existing customers
- Continued to invest in global sales resources and infrastructure
- 1H2016 operating expenses in line with growth plan