Join our daily newsletter At The Bell to receive exclusive market insights
- Partnership to offer a fully integrated, AI-powered smart community solution.
- Will provide private 5G connectivity and full estate management.
- Australian retirement village sector alone comprises more than 2,500 villages.
X2M Connect (ASX:X2M) has signed a transformative non-binding MoU with Mawson Business Advisory to offer an AI-powered smart community solution. The Integrated Smart Community Offering (ISCO) will be a full-suite service offering allowing estate operators to replace up to 20 separate vendor relationships with a single, fully managed, end-to-end technology and operations solution
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The MOU contemplates X2M as the prime contractor for every estate agreement, capturing all revenue and retaining the right to add margin on sub-contracted services. Contracts are intended to be structured as 10-year agreements, potentially delivering substantial long-term recurring revenue per estate.
X2M’s CEO and MD, Mohan Jesudason, said Australia’s retirement village sector alone comprises more than 2,500 villages and ~200,000 residents.
“This is a significant development for X2M. We have spent more than a decade building a platform that can connect and process data at scale and power real AI applications across utility and community infrastructure,” he said.
“Partnering with Mawson, our largest shareholder and a firm with extensive property and operational expertise, means we can go to market with a complete solution.
“ISCO would offer a single agreement, a single bill, 5G connectivity, AI-driven utility management, full facilities operations and a 10-year managed service. This is the future of how communities are built and run, and X2M is now positioned to lead it.”
Mr Jesudason said private 5G network infrastructure is a capability that augments X2M’s platform to replace NBN in estates, enabling real-time, machine-to-machine communication that next-generation smart communities demand.
X2M has already connected some 500K devices and serves 89 blue-chip enterprise and government customers across South Korea, Japan, Taiwan, the Middle East, and Oz.
The Total Addressable Market of X2M’s existing utility customers exceeds $600M in upfront revenue and $40 million in annual recurring revenue if all households of those municipalities’ households adopted X2M’s technology.
Mawson Advisory MD, Julian Kirzner, said the single title multiple dwelling market in Australia represents a significant opportunity for integrated facilities management services.
“The company has had a close working relationship with X2M for some time and regards its platform offering to be world-leading, as evidenced by its’ international deployments. We are pleased to be material shareholders in X2M and have recently increased our shareholding in the company.”
X2M is 0.5¢ this morning. Mkt cap $5.763M.
Join the discussion: See what HotCopper users are saying about X2M Connect Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
-1200x645-380x200.jpg)
