X2M secures new remote water metering contracts in South Korea valued at approximately $1 million
Total contracts secured in South Korea during 4Q FY25 and scheduled for delivery in 1HFY26 now exceed $5.5 million in value
X2M enterprise and government customers increased to 84 The new contracts follow four remote water monitoring and control contracts X2M secured in April (ASX announcement 3 April) valued at A$1.7 million and the recent public safety contract for $3 million (ASX announcement 26 June).
X2M CEO Mohan Jesudason said:
“These contract wins demonstrate the continued traction in South Korea and our ability to convert a significant pipeline into revenue. The addition of two new customers and a growing addressable market across our existing customers underscores the substantial market opportunity. With over $5.5 million in contracts secured this quarter alone, we’re entering FY26 with strong momentum and a solid foundation for continued growth.”
Click here for the full ASX announcement. X2M secures new remote water metering contracts in South Korea