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X2M Connect Limited (ASX:X2M)
ALERT: Price-sensitive ASX Announcement for X2M
Current share price for X2M : $0.005 -0.005 (-50%)+
Announcement
Release
8 Dec 2025 4:41PM
Price at Release
$0.010
Full Release
Summary
X2M Connect Limited has announced its entrance into the Japanese water digitisation sector in partnership with Azbil Kimmon. This strategic move involves a software development agreement valued at $200,000 for an initial phase covering 5,000 connections, with potential expansion to 50,000, bringing additional revenue. This collaboration marks an extension of their existing partnership in gas monitoring services, leveraging X2M's IoT platform and expertise from South Korea. The Japanese water market, characterized by aging infrastructure and a potential SaaS revenue pool of over $100 million annually, presents significant opportunities for digital transformation and advanced technology deployment.
Key Points
- X2M enters Japanese water digitisation market with Azbil Kimmon.
- Initial software contract valued at $200,000 covering 5,000 connections.
- Potential expansion to 50,000 connections, adding $225,000 in revenue.
- Existing partnership with Azbil Kimmon in gas monitoring services.
- Japanese market has 60 million water meters, major SaaS revenue potential.
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.
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