X2M Connect Ltd
X2M Connect Limited is a technology company.
The business
X2M Connect Limited is a technology company. The Company’s activities include gas monitoring and control, water monitoring and control, energy monitoring and control, and data delivery for artificial intelligence (AI) and data analytics applications. It has developed and commercialized a patented proprietary Internet of Things (IoT) solution that delivers productivity improvements, cost savings and improved public safety to enterprise and government clients in the utilities sector. Its technology connects devices such as water, gas and electricity meters and other utility sensors to the internet, enabling data exchange and the remote control of these devices. Its control devices also provide the basis for AI or machine learning applications to build upon its platform. It has over 530,000 devices connected to its IoT platform and distributed intelligence solutions providing real-time information to its customers. It is focusing on servicing the utility sector in the Asia-Pacific region.
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Latest news
X2M Connect Lands First High-Density GPU Data Centre Contract Valued at More than $250m
X2M Connect lands its first binding data centre contract valued over $250m for an AI-enabled GPU facility, unlocking revenue from a ~150MW pipeline.
X2M Connect Signs Key Smart Community MoU with Mawson Targeting 10-Year Agreements
X2M Connect inks non-binding MoU with Mawson for ISCO, targeting 10-year contracts; aims to lock in recurring revenue and expand Australian pipeline.
X2M Connect Raising $4.9m to Retire Debt and Fuel Renewable Energy-AI Expansion
X2M Connect (ASX: X2M) has received strong support for a $4.9 million share placement and entitlement offer to strengthen its balance sheet, reduce debt and position the company for future market opportunities. The placement of approximately 200 million shares to institutional and sophisticated investors at $0.013 per new share represents a 28% discount to X2M’s […]
X2M Connect boosts addressable market in South Korea with new water-monitoring contracts
Internet of Things (IoT) technology company X2M Connect (ASX: X2M) has secured $1 million in contracts for water-meter monitoring and control in South Korea. The contracts cover a total of 7,806 households across the cities of Yongin and Gimcheon and the county of Gapyeong. Yongin and Gapyeong boost X2M’s enterprise and government customer base to […]
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