InvestSMART

X2M Connect Limited (ASX:X2M)

ALERT: Price-sensitive ASX Announcement for X2M
Current share price for X2M : $0.005 0.001 (12.50%)+
Announcement
Release
8 May 2026 9:23AM
Price at Release
$0.004
Full Release
download
Summary
X2M Connect Limited has signed a non-binding Memorandum of Understanding (MoU) with Mawson Business Advisory Pty Ltd to deliver a comprehensive smart community solution in Australia. The Integrated Smart Community Offering (ISCO) aims to replace multiple vendor relationships with a single, managed service that includes private 5G connectivity, AI-driven utility management, and full estate management. This partnership targets the retirement village sector, comprising over 2,500 villages and around 200,000 residents. The ISCO will potentially generate substantial recurring revenue from 10-year contracts, enhancing X2M's existing pipeline and technological capabilities. X2M has already connected over 500,000 devices globally, emphasizing its role in the smart city technology sector.
Key Points
  • X2M Connect signs MoU with Mawson for smart communities.
  • ISCO offers a single managed service replacing multiple vendors.
  • Targets retirement villages with over 2,500 communities.
  • Includes AI-driven utility management and private 5G connectivity.
  • Potential significant revenue from 10-year service contracts.
  • X2M's existing device connections exceed 500,000 globally.
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.