Australia's X2M Connect climbs on contract win in South Korea

X2M Connect

24/06/2022 05:33

** Shares of technology firm X2M Connect  X2M.AX  rise as
much as 12.5% to A$0.090
    ** Stock on track for best day since June 1, if gains hold
    ** Co announces https://www.asx.com.au/asxpdf/20220624/pdf/45b6kjwll91s8h.pdf
 a new contract in South Korea for the delivery of water
monitoring and control services to about 4,000 households
    ** Contract is valued at about ~A$0.6 mln ($414,480)
    ** Repeat order will take X2M's penetration of water
monitoring in Okcheon County to 80% from 47% - X2M
    ** Okcheon has been placing orders with the co since March
2020    
    ** As of last close, X2M stock down ~56.8% YTD


      ($1 = 1.4476 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))