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NEW CONTRACT SEES X2M CONNECT COVER 80% OF HOUSEHOLDS IN OKCHEON, SOUTH KOREA

X2M Connect secures a repeat order to deliver water monitoring and control services

– X2M Connect secures a repeat order to deliver water monitoring and control services to households in Okcheon County, South Korea.

– X2M first supplied water monitoring services to Okcheon households in March 2020 with this new $6000,000 contract the largest placed by the municipality to date.

– It will see around 4000 homes provided with the water monitoring system, taking the percentage of Okcheon households connected to X2M’s platform from 47 to 80 percent.

– The company now provides its service to a string of South Korean municipalities, a market X2M says has the potential to bring in more than $400 million in revenue.

– Shares are up 12.5 per cent trading at nine cents at 3:59 pm AEST.

 

Select the link to read the full article: The Market Herald reports


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