X2M Connect (X2M.AX) Action Cours

X2M Connect Ltd. is a technology company engaged in the Internet of Things business for water, gas, electricity and other utilities industries. The company is headquartered in Melbourne, Victoria. The company went IPO on 2021-09-22. The firm has developed and commercialized a patented Internet of Things (IoT) solution, which delivers productivity improvements, cost savings, and public safety to enterprise and government clients in the utilities sector. The Company’s technology connects devices, such as water, gas, and electricity meters, and other utility sensors, to the Internet, enabling data exchange and the remote control of these devices. The firm sells hardware and monthly subscription fees under software-as-a-service arrangement. The company has approximately 390,000 devices connected to its IoT platform and distributed intelligence solution, which provides real-time information and control to a steadily increasing customer base operating over multiple radio technologies. The firm is focused on servicing the utility sector in the Asia-Pacific region, where it has a number of government and enterprise customer relationships already in place.