X2M Connect has secured another three contract wins in South Korea, with a combined value of approximately A$1.25 million.

X2M Connect has secured another three contract wins in South Korea, with a combined value of approximately A$1.25 million. The total contract value secured in South Korea during this financial year now exceeds A$7.3 million.
Sees X2M Connect’s enterprise and government client base rise to 45
The contracts are for remote water monitoring and control in another 10,387 households
The new customer relationship created by one of these contracts adds the potential for future contracts for approximately 24,000 households
Revenue to 31 March 2022 is A$6.1 million (unaudited)
Contracted revenue for recognition in the coming months stands at A$5.1 million Australian Internet of Things (IoT) technology company X2M Connect Limited (ASX:X2M) (“X2M” or “the Company”) is pleased to announce that its strong growth momentum has continued in the second half of FY22 with the signing of three customer contracts for remote water monitoring and control.