Australia's X2M Connect jumps on AI product launch

X2M Connect

03/03/2025 03:09

** Shares of X2M Connect X2M.AX rise 22.2% to A$0.022, posting their biggest intraday percentage gain since December 31, 2024

** Internet-of-things co launches AI platform to increase operational efficiencies and revenue of renewable energy firms

** Says new product expected to significantly increase co's recurring and SaaS revenues

** About 570,000 shares change hands, vs the 30-day average of around 135,000

** Stock down 26.7% this year, including day's move

 (Reporting by Aaditya Govind Rao in Bengaluru)

 ((Aaditya.govindrao@thomsonreuters.com;))