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DXN (ASX:DXN) signs $700K contract with Steamline Connect

Mining
ASX:DXN      MCAP $4.622M
04 December 2020 13:00 (AEST)

Manufacturing facility. Source: DXN

DXN (DXN) has signed a $700,000 contract with Streamline Connect for a modular data centre.

The company will design and prefabricate a fully engineered data centre for a tier-one global mining operator.

Streamline Connect is a leading Western Australian communications company and provides telecommunications, resources, utilities, rail, and public sector with fit-for-purpose fixed and wireless communications solutions.

The data centre will be delivered to the Pilbara region of Western Australia.

“We are thrilled to gain more traction in the mining industry through working with the Streamline Connect team to build this critical mining infrastructure,” DXN CEO Matthew Madden said.

“The market for prefabricated modular solutions continues to grow as critical infrastructure is required to be housed in specialised modules that are designed specifically for the Pilbara region,” he added.

The new order will bring the total module orders for the mining sector to $1 million for the second quarter of 2021 financial year.

“While we are proud to support the Australian tech sector, more importantly, DXN are proving themselves to be a leader in this sector and we are delighted to have
engaged with the DXN team,” Streamline Connect Director Nick Jenkins said.

On the market this afternoon, DXN is up 5.26 per cent and is trading for 2 cents per share at 1:00 pm AEDT.

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