Future Fibre Technologies secures $500k

Company News

by Kathy Skantzos

Fibre optic systems company Future Fibre Technologies (ASX:FFT) has secured half a million dollars which will be used to protect more than 50 utility sub-stations in India.

Secure Point controllers will protect the utility sub-stations operated by one of India’s largest power distribution companies.

Chief Executive Rob Broomfield said the company is experiencing consistent interest in its products with growing security investment from India.

He said the company intends to continue to build its presence in the emerging market as its technology is rolled out across the sub-station network.

He reaffirmed the company remains on track to achieve its sales revenue guidance between $18 and $21 million for the current financial year to be cash flow and EBITDA positive.

Shares in Future Fibre Technologies (ASX:FFT) are trading flat at 11.5 cents.
 

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.