Source: SKS Technologies [LinkedIn]
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • SKS Technologies Group (SKS) has received a formal acceptance of approximately $10 million to supply the audio visual package for the new Footscray Hospital, in Melbourne
  • It is to design, supply and install the Audio-Visual package related to the Private Public Partnership for the hospital
  • Construction of the $1.5 billion new Footscray Hospital is now underway
  • Matthew Jinks, CEO of SKS Technologies, says this formal acceptance is a significant achievement for the company
  • SKS Technologies Group Limited (SKS) last traded at $0.18 per share before market open on December 23

SKS Technologies Group (SKS) has received a formal acceptance of approximately $10 million to supply the audio visual package for the new Footscray Hospital, in Melbourne.

Construction of the $1.5 billion new Footscray Hospital is now underway, with SKS chosen to design, supply and install the Audio-Visual package related to the Private Public Partnership for the hospital.

The hospital will be the largest ever health infrastructure investment in Victoria’s history and is due to be completed in 2025.

Additional infrastructure will allow 15,000 more patients to be treated and almost 20,000 extra people to be seen in the emergency department each year.

There will also be a significant increase in mental health beds and more outpatient, palliative care, and surgical services.

Matthew Jinks, CEO of SKS Technologies, said this formal acceptance is a significant achievement for the company.

“Upon execution of the contract, expected to be in the early part of next year, the contract will place the company’s work in hand position in excess of $40 million and provides the business with a strong foundation for future growth and profits,” he said.

SKS Technologies Group Limited (SKS) last traded at $0.18 per share before market open on December 23.

SKS by the numbers
More From The Market Herald
Limeade (ASX:LME) - CEO, Henry Albrecht

" Limeade (ASX:LME) maintains FY21 financial guidance in quarterly report

Limeade (ASX:LME) has maintained its FY21 revenue guidance of $50 million to $53 million, but posted…
Little Green Pharma (ASX:LGP) - Managing Director, Fleta Solomon

" Little Green Pharma (ASX:LGP) seeks to expand to Greece

Little Green Pharma (ASX:LGP) seeks to expand to Greece
Orexplore Technologies (ASX:OXT) - Chair, Dr Alan Bye

" Orexplore Technologies (ASX:OXT) debuts on ASX

Mineral scanning technology company Orexplore Technologies (ASX:OXT) has commenced trading on the ASX today under the…
Frontier Digital Ventures (ASX:FDV) - Founder and CEO, Shaun DiGregorio

" Frontier Digital Ventures (ASX:FDV) completes $18.9m SPP

Frontier Digital Ventures (ASX:FDV) completes a share purchase plan (SPP) with applications totalling approximately $18.9 million,…