FirstWave Cloud Technology Limited secured 3-year, $500,000 SA Govt email security contract. FCT provides its market-leading cloud-based Security as a Service (SaaS) platform to some of Telstra's Enterprise and Government customers. The total contract is valued at more than $1.14 million to FirstWave, adding a further $38,000 of incremental monthly income for 30 months to FCT's fast-growing recurring revenue base. There is also a 24-month contract extension option potentially extending the contract term to 54 months. FCT's success rate with contract re-signings exceeds 95%.