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X2M Connect Limited ( (AU:X2M) ) has provided an announcement.
X2M Connect has signed a Smart Community Agreement with Riverstown to offer its X2M Smart Energy solution to buyers in the 800-lot Glanmire Park estate in Yarrawonga, Victoria, representing an estimated revenue opportunity of about $1.6 million at full uptake. The deal follows a similar agreement with Resi Ventures and a broader MoU, lifting X2M’s Australian smart community pipeline to as many as 5,800 lots.
The X2M Smart Energy package integrates upgraded solar, home energy management, potential access to a community battery and financing support, with participating homeowners expected to save around $1,000 a year on electricity versus standard 7-star homes. Management says the Glanmire Park and McMahon’s Place projects validate a scalable model that embeds X2M’s platform into new residential developments, positioning the company to capitalise on rapid global growth in smart utilities as AI-driven infrastructure becomes central to managing cities and communities.
More about X2M Connect Limited
X2M Connect Limited is an Australian smart city technology company that provides AI-powered platforms to connect water, gas, electricity and other critical sensors to edge and cloud-based software for utility and government customers. Its core platform underpins product families including Vision by X2M, Hive.AI and the Help Me safety device, serving more than 85 customers and over 500,000 connected devices across Asia-Pacific and the Middle East, with revenue from hardware, SaaS and device connection fees.
Average Trading Volume: 150,000
Technical Sentiment Signal: Sell
Current Market Cap: A$5.69M
For an in-depth examination of X2M stock, go to TipRanks’ Overview page.