X2M Connect secures $3m deal to supply smart safety devices for Seoul’s 2025 public protection push

X2M Connect (ASX: X2M) has secured a $3 million contract to deliver the core Internet of Things (IoT) technology behind South Korea’s flagship 2025 Portable Safety Alarm project.

X2M will provide 100,000 smart personal safety devices in the form of compact, rechargeable IoT-connected keychains called “Help Me” devices that the project will distribute free of charge to Seoul residents.

When activated, the devices emit a warning sound and instantly alert police and emergency contacts, sharing the user’s real-time location and initiating rapid intervention through connected control centres.

Improving public safety

The alarms integrate directly into existing smart city infrastructure, including the Ansimi 24-hour women’s safety app, as well as local CCTV networks and emergency response platforms.

The Seoul metropolitan government will distribute the devices as part of a major public safety initiative focused on protecting women and vulnerable citizens.

The initiative – which aims to relieve public anxiety and improve safety in the face of a growing number of violent crimes in the capital – will scale to one million devices over time, creating a strong long-term commercial opportunity for X2M.

Ambitious project

X2M chief executive officer Mohan Jesudason said the company was proud to have been selected for the ambitious smart city project.

“The size of this contract demonstrates the value of the very large addressable market within our existing customer base in South Korea,” Mr Jesudason said.

“This is a stepping stone to a scalable, government-backed safety ecosystem that can expand across cities, regions and customer segments.”

Global customer base

X2M currently has more than 500,000 devices connected to its IoT platform and distributed intelligence solution, providing real-time information and control to a customer base operating over multiple communications technologies.

The company services more than 13,000 households in South Korea across the cities of Ulsan, Busan, Incheon and Gyeongju under a digitised water monitoring contract awarded in April.

“We see strong growth potential within this program and similar opportunities globally as urban environments prioritise public safety in their digital transformation agendas,” Mr Jesudason added.