X2M Connect Limited (AU:X2M) has released an update.
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X2M Connect Limited is expanding its software-centric business model across the water, electricity, gas, and renewable sectors, with trials expected to complete in the current financial year and revenue generation anticipated in FY26. The company has ventured into the Middle East through a partnership with Dicode, launching a ‘Metering as a Service’ offering in Dubai, and is positioning itself for a data and AI-driven transformation while targeting growth in the Middle East, India, and the USA. Cost-saving measures have been implemented alongside securing a $1 million loan to support these strategic initiatives.
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