Australian Internet of Things (loT) technology company X2M Connect Limited (ASX: $X2M) has announced the signing of a new A$1.01 million contract with Yuanda Intelligence in China for water quality sensors. The revenue from this contract is expected to be recognized by 30 June 2024.
It is good to further broaden our customer base in this market and this contract continues the momentum following the recent announcements regarding renewable energy management with GreenRock Energy Co in Taiwan.
X2M Connect Limited (ASX: $X2M) has secured a new A$1.01 million contract with Yuanda Intelligence in China for water quality sensors, with the revenue expected to be recognized by 30 June 2024. The company's CEO, Mohan Jesudason, expressed satisfaction in broadening their customer base in the Chinese market. X2M's focus on the utility sector in the Asia-Pacific region and its global expansion plans indicate a positive outlook for the company's future growth and market penetration.