InvestSMART

X2M Connect Limited (ASX:X2M)

ALERT: Price-sensitive ASX Announcement for X2M
Current share price for X2M : $0.008 -0.007 (-46.67%)+
Announcement
Release
10 Nov 2025 8:49AM
Price at Release
$0.015
Full Release
download
Summary
X2M Connect Limited has secured water digitisation contracts in South Korea worth approximately A$0.54 million. These contracts involve remote water meter monitoring for 4,543 households, with deployments to be completed by March 2026. X2M has gained a new customer, the city of Cheongju, and received repeat orders from Jeonju, Yangsan, Paju, and Changnyeong. The total addressable market for these municipalities exceeds 400,000 devices, valued at around $50 million. These new contracts have helped X2M surpass its previous fiscal year's revenue, reflecting the company's continued momentum in South Korea's water digitisation sector.
Key Points
  • X2M secures contracts for over 4,500 households.
  • Contracts exceed A$0.5 million in total value.
  • New customer and repeat orders indicate growth.
  • Deployments to complete by March 2026.
  • Total addressable market includes 400,000 devices.
  • Contracts exceed last year's full-year revenue.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.