- Future First Technologies (FFT) announces a second transport contract has gone live in New South Wales
- In May, infrastructure service provider, Ventia, awarded FFT’s subsidiary, Asset Vision, a contract to supply its solution across Ventia’s transport portfolio
- As part of this, the subsidiary has been involved in a nine-year road asset performance contract that Transport for New South Wales awarded to Ventia
- Since going live on July 1, Asset Vision has been implementing and integrating new capabilities into its platform
- Company shares ended the day 11.8 per cent in the red to close at 6 cents
Future First Technologies (FFT) has announced a second additional roads contract has gone live in New South Wales.
In May, the company inked a $2 million contract with Ventia, a leading infrastructure service provider in Australia and New Zealand.
Ventia awarded the initial three-year contract to FFT’s wholly-owned subsidiary, Asset Vision, which involves supplying its software-as-a-service (SaaS) platform across Ventia’s road contracts.
Asset Vision’s SaaS platform was designed to keep roads and transport assets safe for communities.
At the start of this month, Ventia’s nine-year Sydney Roads Asset Performance (SRAP) contract with Transport for New South Wales went live which was another milestone for Asset Vision.
The SRAP contract included designing and building two key integration capabilities into Asset Vision’s platform. These include Asset Vision Cloud Services and Asset Vision Data Services.
Asset Vision CEO, Damian Smith, was pleased with this outcome.
“We have worked incredibly well with Ventia’s solution architects, project teams and the wider business to further enhance our platform, particularly in relation to the new integration capabilities,” Mr Smith said.
“We’re proud to have two of our major clients working seamlessly together on our Asset Vision Platform, which is now firmly placed at the centre of Ventia’s Integrated Transport Enterprise Asset Management Solution.”
Company shares ended the day 11.8 per cent in the red to close at 6 cents.