X2M continues its South Korean success, winning a renewal contract for the supply of remote monitoring services to Gochang County.
Highlights
- X2M has secured two new SaaS and maintenance contracts for the South Korean municipalities of Gochang and Jeju.
- The contract for Gochang County is for three years of remote water monitoring across 25,500 households and is worth approximately A$1.03 million over the contract term.
- The County is expected to add 300 new residences onto the platform each year which is expected to deliver additional revenues of approximately A$150,000 over the three-year period.
- The Gochang contract is a replacement of the previous five-year remote metering contract covering the initial 24,100 households.
- The self-governing province of Jeju has entered into a twelve-month contract for a similar service to Gochang which is valued at approximately A$60,000 and will need to be renewed annually.
Read all the details: New SaaS and South Korean contracts
