X2M – X2M Connect | Aussie Stock Forums

X2M Connect Limited is an Internet of Things (IoT ) business initially focused on digitising the utility sector in the Asia Pacific Region (APAC) with its proprietary technology. The Company’s core value proposition is to assist both utilities and governments to save time, money and enhance public safety, by enabling both new and existing utility devices to communicate both to each other and to a centralised system via the internet. In the longer term, the Company believes that its technology has potential application in other industry settings. Indeed, on a limited scale it is currently applied outside the utility sector.

The Company’s IoT technology enables any device, such as utility meters or sensors, to communicate with any other device on any communications platform. It does this by replacing manual and on-site processes with smart technology that enables the collection of data for analytics, process automation and control of remote end devices. Once enabled with the Company’s technology, customers such as utility providers and local governments can access extensive live data from any one or more devices or sensors across their network. This interoperability feature, which enables devices to communicate over the one platform, is a key competitive advantage for X2M.

The Company is initially focussed on enabling efficient supply of water, gas, electricity and other utilities in the APAC region and has existing supply contracts with customers in Australia, Japan, Korea, China and Taiwan.

It is anticipated that X2M will list on the ASX during September 2021.