Key points
- FOS Capital starts receiving orders for Qld Schools Lighting Upgrade
- Expected to involve over 100 schools
- Program to generate $2.5 million in sales over its duration
- Total secured order book stands at approximately $10 million
Full summary
FOS Capital Limited (ASX: FOS), via its subsidiary FOS Lighting Pty Ltd, has commenced receiving orders for the Queensland Schools Lighting Upgrade Program. FOS, through its Frend Lighting business, has been supplying lighting solutions to Queensland schools for over 30 years. The company is now participating in the next stage of the Queensland Government's lighting upgrade initiative, which is expected to involve more than 100 schools and generate $2.5 million in FOS sales over the life of this program. Orders are being placed progressively on a school-by-school basis through FOS's electrical wholesaler customers, with the current program expected to be completed over the next 6-9 months. The Group's total secured order book currently stands at approximately $10 million, including $0.5 million of Queensland Schools Lighting Upgrade Program orders.
Guidance
FOS Capital expects to generate $2.5 million in sales from the Queensland Schools Lighting Upgrade Program.
Outlook
FOS Capital anticipates the completion of the Queensland Schools Lighting Upgrade Program within the next 6-9 months.