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An announcement from X2M Connect Limited ( (AU:X2M) ) is now available.
X2M Connect Limited is set to launch ‘Hive.AI by X2M,’ an AI-enabled platform aimed at optimizing renewable energy operations. This new product suite combines IoT and AI/ML technologies to enhance operational efficiencies and revenue for renewable energy companies, initially targeting the APAC region. The launch is expected to boost X2M’s recurring and SaaS revenues and strengthen its market position in the renewable energy sector, valued at US$491 billion in the APAC region. By partnering with Sirius Digitech Limited, X2M aims to provide comprehensive AI-driven solutions, leveraging its established market presence to expand its reach and impact in the rapidly growing renewable energy market.
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 productivity improvements, cost savings, and enhanced public safety for enterprise and government clients. X2M’s technology connects utility devices to the internet, facilitating data exchange and remote control, and supports artificial intelligence and machine learning applications. The company generates revenue through hardware sales and Software as a Service subscriptions, with a significant presence in the Asia-Pacific region.
YTD Price Performance: -40.0%
Average Trading Volume: 154,434
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$6.81M
For detailed information about X2M stock, go to TipRanks’ Stock Analysis page.