HIGHLIGHTS

• X2M expands smart city platform in South Korea with launch of an AI-enabled remote-controlled bidirectional streetlight controller
• X2M is providing a fundamental solution for AI Infrastructure, with Gartner predicting organisations will abandon 60% of AI projects through 2026 because they lack AI-ready data
• Each controller manages up to 8 independent sets of streetlights enabling municipality-wide remote control, automated scheduling and real-time fault detection enabling AI prioritisation and dispatch
• LED lamp failure detected automatically through current sensing, reducing mainteance costs and response times for operators
• The total addressable market for streetlights in South Korea is $225 million annually
• Expands X2M’s addressable revenue within existing South Korean customer base offering a single platform managing a smart city’s critical services in lighting and water
• Dimming schedules with crop preservation settings allow controllers to address requirements from the agricultural sector
• Sits well alongside X2M’s new integrated water meter and monitoring infrastructure and HelpMe public safety offerings. End customers are municipalities and cities expanding smart city applications.
• Tightens customer relationships and “stickiness”
• Momentum entering FY27 with recent announcements on regional data centre development partnership, all-in-one water meter launch and smart community MOU