DXN Limited signs major contract for cable landing stations

DXN Limited (ASX: $DXN) has signed its largest contract to date, securing a deal to deliver four cable landing stations for the East Micronesia Cable System (EMCS) project. The total contract value amounts to approximately A$5.7m (~US$3.8m), with deployment scheduled across four islands between January 2025 and March 2025. Progress payments will be made over the period from signing until delivery, supporting the fibre optic cable system connecting the islands. DXN's selection for this project is attributed to its extensive experience in delivering cable landing stations throughout the Pacific Islands region. Including this contract, DXN has now secured A$8.7m in sales of modular manufacturing to be delivered over CY24 and into CY25.

Executive Commentary on DXN's Latest Contract

DXN's CEO Shalini Lagrutta expressed delight at being selected by the EMCS countries to deploy their cable landing stations. Lagrutta highlighted the growing reputation of DXN as a trusted partner in providing quality, secure, and reliable data centre infrastructure for the subsea cable industry. She emphasized the significance of this contract, stating, 'This is DXN's largest contract to date and is testament to the DXN team on its submissions and the care taken with our customers to ensure they receive the best solutions for deployment of cable landing stations in remote locations.' Lagrutta also expressed pleasure in working with the EMCS project team and the local people of the islands, acknowledging the national importance and life-changing impact of the project.

Summary of DXN's Cable Landing Stations Contract

DXN Limited (ASX: $DXN) has secured a significant contract to supply four cable landing stations for the East Micronesia Cable System (EMCS) project, with a total contract value of approximately A$5.7m (~US$3.8m). The deployment of these stations across four islands is expected to take place between January 2025 and March 2025, with progress payments scheduled over the signing-to-delivery period. The cable landing stations will support the fibre optic cable system connecting the islands, benefiting up to 100,000 people across the Federated States of Micronesia, Kiribati, and Nauru. DXN's CEO, Shalini Lagrutta, expressed delight at being selected for this project, emphasizing the company's growing reputation as a trusted partner in providing quality, secure, and reliable data centre infrastructure for the subsea cable industry. DXN will commence design, prefabrication, and construction of the cable landing stations in its factory in Perth, with an expected delivery of all solutions by March 2025. Including this contract, DXN has now secured A$8.7m in sales of modular manufacturing to be delivered over CY24 and into CY25, reflecting the company's continued growth and success in the industry.