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X2M Connect Limited ( (AU:X2M) ) just unveiled an announcement.
X2M Connect Limited has secured new contracts in South Korea valued at approximately $1 million for remote water metering, adding to a total of over $5.5 million in contracts for the fourth quarter of FY25. This marks a significant improvement in the Korean market, with municipalities resuming digitization of water systems. The new contracts expand X2M’s customer base to 84, increasing their addressable market by 113,000 households. The company’s CEO highlighted the strong momentum and growth potential as X2M enters FY26 with a solid foundation.
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 focuses on connecting devices such as water, gas, and electricity meters to the internet, enabling data exchange and remote control. X2M’s technology supports productivity improvements, cost savings, and enhanced public safety for enterprise and government clients. The company generates revenue through hardware sales and Software as a Service (SaaS) subscriptions, with a significant presence in the Asia-Pacific region and expansion efforts in the Middle East.
Average Trading Volume: 212,766
Technical Sentiment Signal: Hold
Current Market Cap: A$11.65M
See more data about X2M stock on TipRanks’ Stock Analysis page.