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The latest update is out from X2M Connect Limited ( (AU:X2M) ).
X2M Connect Limited announced the results of its general meeting, emphasizing its strategic focus on the utilities sector and its expansion into the Middle East through a licensing agreement with Dicode Smart Connect Electronics LLC in Dubai. The company’s ongoing growth and expansion efforts aim to strengthen its market position and enhance its service offerings to government and enterprise clients in the Asia-Pacific region and beyond.
More about X2M Connect Limited
X2M Connect Limited is an Australian technology company specializing in Internet of Things (IoT) solutions for the utilities sector. The company offers a platform that connects utility devices like water, gas, and electricity meters to the internet, enabling data exchange and remote control. X2M generates revenue through hardware sales and Software as a Service (SaaS) subscriptions, focusing on the Asia-Pacific region with plans for global expansion.
Average Trading Volume: 1,161,719
Technical Sentiment Signal: Sell
Current Market Cap: A$8.53M
For an in-depth examination of X2M stock, go to TipRanks’ Overview page.