X2M Connect Limited (#ASX: #X2M) advises that X2M Smart Energy was launched last week at the McMahon's Place estate in Echuca, Victoria. The launch was a media event hosted by the land developer Resi Ventures Pty Ltd ("Resi Ventures") at the estate's sales office. Highlights: ✅ Launch: X2M Smart Energy was launched last week to purchasers at the 1,000-lot McMahon's Place residential estate in Echuca, Victoria, at an event hosted by Resi Ventures ✅Live system: X2M Smart Energy, including solar and a home energy management system (HEMS), has been installed at the estate's sales office and was demonstrated to purchasers, local government and media ✅Offer: Subscribers to X2M Smart Energy can access a free HEMS, upgraded rooftop solar installed by 1KOMMA5° and discounted home finance through NAB ✅Savings: Participating homes will save an estimated approximately $1,000 per annum in electricity costs compared with typical 7-star homes ✅Revenue opportunity: X2M estimates an addressable market of approximately $11.8m across its smart community pipeline of up to 5,800 lots if all households adopt X2M Smart Energy, including approximately $2m at McMahon's Place Read more: 👉🏻 asx.api.cmfyapp.com/asx-rese… #ASX #X2M #X2MConnect #X2MSmartEnergy #SmartEnergy #SmartCommunities #RenewableEnergy #SolarEnergy #HomeEnergyManagement #HEMS #EnergyEfficiency #EnergySavings #SmartHomes #SustainableLiving #CleanEnergy #Echuca #Victoria #ASXNews

X2M Connect Limited (#ASX: #X2M) advises that it has signed an agreement with a Queensland developer (the "Developer") for a 10MW AI-enabled data centre site with development approval and with power to be generated on the site for 10 years. Under the Agreement, X2M has been granted binding exclusivity over the data centre site and its power capacity for 60 days, with commercial terms to be agreed and binding long-form agreements targeted within 90 days. Key HIghlights: ✅ 10MW Queensland site secured: X2M has signed an agreement with a Queensland developer (the"Developer") for a 10MW AI-enabled data centre site with development approval, which X2M intends to deliver and manage under its Managed Delivery service. ✅ Binding exclusivity: X2M has been granted binding exclusivity over the data centre site and its power capacity for 60 days, with commercial terms to be agreed and binding long-form agreements targeted within 90 days. ✅ Queensland site with energy and approvals in place: The site has an existing 2.5MW grid connection and local government development approval for a data centre, with the Developer to build its own behind-the-meter generation to supply an additional 7.5MW under a power purchase agreement. This is expected to result in earlier project completion and revenue recognition. ✅$250m estimated project cost: The 10MW data centre intended for the location will have a project cost of $250 million and is planned to be delivered through X2M's compute and GPU partnerships and it is currently expected that X2M will manage the elements of the full project cost and earn a margin on this project, plus X2M is expected to earn recurring revenue from AI-enabled management of the facility and a potential token revenue share. ✅ 20MW across two agreements: Together with its first binding agreement (ASX: 27 August 2026), X2M now has 20MW of data centre capacity under agreement, with an aggregate estimated project cost of more than $500m, along with its 200MW+ pipeline. ✅ More compute from less power: X2M's AI-enabled platform is expected to produce the same compute from fewer electricity megawatts, addressing one of the sector's central constraints as available grid capacity limits the pace of data centre build-out. ✅ Risk reduced by design: X2M is targeting data centres on sites in low-population-density regional areas of Queensland and the Northern Territory, where there is greater access to land and power, and capacity can be built up as grid energy is secured or a behind-the-meter micro grid is built. Read More: 👉🏻 asx.api.cmfyapp.com/asx-rese… #ASX #X2M #X2MConnect #DataCentres #AI #ArtificialIntelligence #AIInfrastructure #DigitalInfrastructure #GPU #ComputeInfrastructure #EnergyManagement #PowerGeneration #Queensland #DataCentreDevelopment #ManagedDelivery #SaaS #Technology #ASXNews

X2M Connect (#ASX: #X2M) has received initiation coverage from Peak Asset Management, with the report prepared by analyst Liam Ribush, highlighting its expansion into Australian data centre infrastructure and assigning a price target of A$0.0334 per share. Key highlights: ✅ Peak forecasts EBITDA turning positive in FY27 at $0.8m and reaching $17.5m in FY29, with NPAT and free cash flow positive from FY28 ✅ First binding data centre agreement secured, with estimated project expenditure above $250m over three to five years, subject to development approval ✅ Prospective Australian data centre pipeline above 200MW, including two non-binding Queensland partnerships announced in September ✅ Two products through X2MDC: Managed Delivery across design, procurement, installation and commissioning, and Platform Services for the ongoing management of energy, cooling and environmental systems ✅ Non-binding MOU with Gateway DC, which is undertaking due diligence on the pipeline and can provide design, project management and supply chain support ✅ FY26 revenue up 38%, with approximately $3m already contracted for FY27 Read the full report: 👉🏻 peakassetmanagement.com.au/w… #ASX #X2M #DataCentres #AI #EnergyManagement #SmartCities #EquityResearch

X2M Connect Limited (#ASX: $X2M) has entered into a non-binding MOU with Gateway Datacentres Pty Ltd, establishing a two-year framework to collaborate on data centre opportunities across Australia and potentially South East Asia. 📖 Read more 👉🏻 asx.api.cmfyapp.com/asx-rese… #ASX #X2M #DataCentres #AI #ArtificialIntelligence #GatewayDatacentres #Hyperscale #SovereignData #DataInfrastructure #EnergyManagement #DigitalInfrastructure #Darwin #NorthernTerritory #SoutheastAsia #ASXNews

X2M Connect Limited (#ASX: #X2M) advises that it has entered into a non-binding Memorandum of Understanding ("MOU") with Gateway Datacentres Pty Ltd ("Gateway DC"). Highlights: ✅ Non-binding MOU with Gateway DC: X2M has entered a non-binding MOU with Gateway DC which is developing sovereign, hyperscale-ready data centre campuses in Darwin at the landing point of a subsea cable corridor to Asia. ✅ Two-year collaboration: The two-year MOU encompasses collaboration in connection with the marketing, sale and delivery of data centre capability within specific regions of Australia, and potentially throughout South East Asia. ✅ X2M's role: X2M proposes providing its data centre environmental and energy management capability to support the development of Gateway DC's data centre projects (120MW moving to 2GW+) and to introduce potential customers and development partners for those projects. ✅ Gateway DC's role: Gateway DC proposes providing X2M with services to support the delivery of data centre capability to X2M's potential customers, based on X2M's pipeline of above 200MW of potential data centres. ✅ Single AI-enabled management system: X2M's platform would connect all energy generation, storage, distribution and data centre environment sensors across the precinct into a single AI-enabled management system, with the potential to generate recurring platform revenue subject to binding agreements. ✅ Builds on recent agreements: The MOU follows a binding data centre agreement with an estimated project cost in excess of $250m and two non-binding partnership agreements. Read more: asx.api.cmfyapp.com/asx-rese… #ASXX2M #GatewayDatacentres #DataCentres #AI #ArtificialIntelligence #DataInfrastructure #DigitalInfrastructure #EnergyManagement #Hyperscale #SovereignData #Darwin #NorthernTerritory #SoutheastAsia #CriticalInfrastructure #Technology #ASXNews

X2M Connect Limited (#ASX: #X2M) invites shareholders and investors to a live investor briefing hosted by Managing Director & CEO, Mohan Jesudason. Register here: 👉🏻 zoom.us/webinar/register/WN_… Mr. Jesudason will cover: ✅ The model: upfront revenue from delivering data centre infrastructure, plus ongoing SaaS revenue from the platform that manages it ✅ The foundation: the same platform already connected to 500,000+ devices for over 90 enterprise and government customers, now applied to data centres ✅ The pipeline: a binding agreement with an estimated project cost in excess of $250m, two partnerships for 10MW to 100MW in regional Queensland, and active engagement with world leading AI compute and chip makers ✅ The market: Australia's data centre and connectivity infrastructure investment is projected to require up to $190b by 20301, with high density GPU compute placing the greatest demand on power, cooling and water ✅ The edge: AI-enabled management of energy, cooling and water in a single real-time layer, lifting usable compute per megawatt built and positioning X2M to secure a share of Australia's data centre build-out Investor Webinar Details: 🗓️ Date: Monday 21 September 2026 ⏱️ Time: 11:00am AEST ❓ Questions: A live Q&A will follow the presentation. Questions may be submitted via the registration page. See Investor Presentation here: 👉🏻 asx.api.cmfyapp.com/asx-rese… #ASX #X2M #ASXX2M #InvestorWebinar #InvestorBriefing #DataCentres #AI #ArtificialIntelligence #GPU #DataInfrastructure #DigitalInfrastructure #EnergyManagement #SaaS #Queensland #AustralianTech #Technology #ASXNews

X2M Connect (#ASX: #X2M) advises that it has entered into a non-binding partnership agreement with Ethical Development Fund Australia (“EDFA”), for the development of high density GPU AI data centre and integrated energy precincts of between 10MW and 100MW capacity in North Queensland. Highlights: ✅X2M has entered a non-binding partnership agreement with Ethical Development Fund Australia, an Australian critical infrastructure development and investment company, to develop a 20 to 45MW high density GPU data centre and energy precinct in North Queensland ✅The initial proposed data centre is being developed as part of a green energy precinct with existing renewable power generation to be augmented in the future by other green energy sources from nearby locations ✅The precinct is planned to integrate a scalable data centre (20 to 45MW capacity) ✅The five-year agreement provides a framework for expansion across multiple Queensland and Australian locations ✅X2M’s role in the partnership is to deliver the data centre infrastructure and then potentially manage it on an ongoing basis, earning revenue across both phases ✅X2M's platform would connect all energy generation, storage, distribution and data centre environment sensors across the precinct into a single AI-powered management system ✅Australia's data centre and connectivity infrastructure investment is projected to require up to $190 billion by 2030 ✅ The agreement follows the binding data centre agreement announced on 27 August 2026, which involves an estimated project cost in excess of $250 million and the non-binding partnership agreement announced 1 September 2026 Read More: asx.api.cmfyapp.com/asx-rese… #ASX #X2M #DataCentres #AI #ArtificialIntelligence #GPU #NorthQueensland #Queensland #GreenEnergy #RenewableEnergy #EnergyInfrastructure #DataInfrastructure #EnergyManagement #DigitalInfrastructure #CriticalInfrastructure #AustralianTech #ASXNews

X2M Connect Limited (#ASX: #X2M) CEO and Managing Director Mohan Jesudason spoke with Niv Dagan, Executive Director of Peak Asset Management, to discuss X2M's data centre strategy and the Company's first binding data centre contract. Key highlights: ✅ Prospective Australian data centre pipeline now above 200MW, with the majority of sites in Queensland ✅ First binding agreement signed to deliver an AI-enabled, high density GPU data centre with an estimated project cost in excess of $250m ✅ Managed Delivery model spans design, delivery and long-term operation, with recurring platform revenue over the life of each facility ✅ Second partnership agreement signed for 10MW to 100MW data centre and energy precincts in regional Queensland Watch 👉 youtube.com/watch?v=xvmOm82O… #ASX #X2M #DataCentres #AIInfrastructure #ArtificialIntelligence #GPU #DigitalInfrastructure #EnergyInfrastructure #Queensland #InvestorNews

X2M Connect Limited (#ASX: #X2M) has entered into a non-binding partnership agreement to develop high-density GPU AI data centres and integrated energy precincts in Queensland, with the agreement lifting its prospective data centre pipeline to more than 200MW. The five-year partnership provides a framework for expansion across multiple Queensland and Australian locations, with X2M potentially delivering and managing the data centre infrastructure. 📖 Read more 👉🏻 cdn-api.markitdigital.com/ap… #ASX #X2M #ASXX2M #DataCentres #AI #GPU #ArtificialIntelligence #DataInfrastructure #EnergyInfrastructure #Queensland #DigitalInfrastructure #AustralianTech #ASXNews

X2M Connect Limited (#ASX: #X2M) advises that it has entered into a non-binding partnership agreement for the development of high density GPU AI data centre and integrated energy precincts of between 10MW and 100MW capacity in Queensland. Highlights: ✅ X2M has entered a non-binding partnership agreement with an Australian master development company to develop high density GPU data centre and energy precincts of between 10MW and 100MW capacity in regional Queensland ✅ The initial proposed data centre is being developed as part of an innovative technology precinct in Queensland ✅ The precinct is planned to integrate a scalable data centre (10 to 100 MW capacity) ✅ The partnership agreement lifts X2M's prospective data centre pipeline above 200MW ✅ Five-year agreement provides a framework for expansion across multiple Queensland and Australian locations ✅ X2M is being engaged to deliver the data centre infrastructure and then potentially manage it on an ongoing basis, earning revenue across both phases ✅ X2M's platform would connect all energy generation, storage, distribution and data centre environment sensors across the precinct into a single AI-powered management system ✅Australia's data centre and connectivity infrastructure investment is projected to require up to $190 billion by 2030 ✅The agreement follows the binding data centre agreement announced on 27 August 2026, which carries an estimated project cost in excess of $250 million Read more: 👉 cdn-api.markitdigital.com/ap… #ASX #X2M #ASXX2M #DataCentres #AI #ArtificialIntelligence #GPU #DataInfrastructure #EnergyInfrastructure #Queensland #DigitalInfrastructure #EnergyManagement #AustralianTech #Technology #ASXNews

X2M Connect Limited (#ASX: #X2M) has entered into a binding agreement to deliver an AI-enabled, GPU-accelerated data centre, marking a significant step into Australia’s growing data centre market. The agreement marks the first conversion of its 150MW data centre pipeline. 📖 Read more 👉🏻 cdn-api.markitdigital.com/ap…  #ASXX2M #DataCentres #AI #ArtificialIntelligence #GPU #DataInfrastructure #DigitalInfrastructure #Technology #ASXNews

X2M Connect Limited (#ASX: #X2M) advises that it has entered into a binding agreement to deliver an AI-enabled data centre. Highlights: ✅ X2M enters GPU based data centre market: X2M has signed a binding agreement with a Customer to deliver its Managed Delivery service for an AI-enabled data centre and the ongoing management, ✅ $250m estimated project cost: Project cost estimated for full delivery over a three-to-five-year period, in addition to recurring platform revenue over the life of the facility. ✅ Pipeline: This agreement is the first from a pipeline of potential agreements for Australian data centre sites, with the majority of these in Queensland, ranging in size from 1MW upwards ✅ Built for the highest density AI workloads: The facility targets GPU-accelerated compute, where power and cooling loads are highest ✅ Global compute and AI chip leaders: The agreement pre-approves X2M to contract partners across compute, AI chip, networking, energy systems, telecommunications and research for facility delivery ✅ Delivery and recurring revenue: X2M is contracted across delivery and long-term operations, ✅ Well-positioned in a $190b market: X2M's ability to lift usable compute per megawatt would target the efficiency challenge facing an Australian data centre build-out forecast to require up to $190b of investment by 2030 Read More: 👉 cdn-api.markitdigital.com/ap… #ASX #X2M #ASXX2M #DataCentres #AI #ArtificialIntelligence #GPU #DataInfrastructure #DataCentreInfrastructure #DigitalInfrastructure #EnergyManagement #SaaS #AustralianTech #Technology #Compute #ASXNews

X2M Connect Limited (#ASX: #X2M) has established a wholly owned subsidiary, X2MDC Pty Ltd, to pursue a pipeline of AI-enabled data centre projects across Australia, targeting high-density GPU workloads and greater compute efficiency. Read More: 👉🏻 cdn-api.markitdigital.com/ap… #ASX #X2M #ASXX2M #DataCentres #AI #ArtificialIntelligence #GPU #DataInfrastructure #EnergyManagement #SaaS #DigitalInfrastructure #AustralianTech #Technology #ASXNews

X2M Connect Limited (#ASX: #X2M) advises that it has established a wholly owned subsidiary, X2MDC Pty Ltd ("X2MDC"), to pursue a pipeline of AI-enabled data centres expected to be developed across Australia. Highlights: ✅ Dedicated data centre business: X2M has established a wholly owned subsidiary, X2MDC Pty Ltd, to hold and execute the Company's data centre objectives ✅ Pipeline: X2M has a pipeline of possible Australian data centre projects in sizes up to 100MW ✅ Revenue for the life of the asset: X2MDC is intended to earn revenue across one or more of design, engineering, delivery, installation, commissioning and operation of data centres, with recurring SaaS revenue intended to be charged on a per megawatt basis for management of the facility across its operating life ✅More compute per megawatt: X2M's AI integration and management layer would optimise cooling,power and water in real time to increase facility compute output, while targeting energy cost reductions ✅ Built for GPU-accelerated workloads: X2MDC will target high density GPU accelerated facilities, where power and cooling loads are highest and continuous optimisation delivers the greatest savings ✅ Sovereign compute capability: Australian data centre demand is forecast to grow from 1.5GW in 2025 to as much as 5.0GW by 2030, requiring up to $190b of digital infrastructure investment¹ ✅ Global compute shortage: Global data centre demand is forecast to rise from ~82GW in 2025 to ~220GW by 2030² , and X2M's AI integration and management layer is designed to get more usable compute out of every megawatt built Read More: cdn-api.markitdigital.com/ap… #ASX #X2M #ASXX2M #DataCentres #AI #ArtificialIntelligence #DataInfrastructure #GPU #CloudComputing #SaaS #EnergyManagement #DigitalInfrastructure #AustralianTech #Technology #DataCentreInfrastructure #Compute #ASXNews

X2M Connect Limited (#ASX: #X2M) has made two senior appointments to strengthen its Australian growth strategy across data centres, Al infrastructure and smart communities. Read more: 👉 cdn-api.markitdigital.com/ap… #X2M #ASX #SmartCommunities #DataCentres #Al

X2M Connect Limited (#ASX:#X2M) is pleased to announce two senior appointments that strengthen the Company's ability to deliver on its Australian growth strategy across data centres, Al infrastructure and smart communities. The appointments deepen the Company's board governance, business development and technical execution capability as X2M enters FY27. Highlights: ✅ Kate O'Sullivan appointed as Non-Executive Director, bringing more than three decades of executive, ASX-listed company and board experience to support X2M's Australian growth strategy. ✅ Kate spent more than fifteen years at Tabcorp Holdings Limited, including as General Manager Sales and Distribution in the Gaming Division, where she held P&L responsibility for an annual PBIT of A$275 million. ✅ Dr Sajjad Ahmed appointed as General Manager Data Centres and Smart Cities, with more than 22 years of utilities and connected infrastructure leadership and a PhD in Artificial Intelligence and Emerging Technologies. ✅ Dr Ahmed previously led Smart Cities and Utilities nationally at Optus, including delivery of a $27 million end-to-end Advanced Metering Infrastructure smart water metering project. ✅ Both appointments align directly with X2M's recently announced Australian initiatives, including the Resi Ventures regional data centre partnership, the Mawson Business Advisory ISCO smart community MOU and binding smart community agreements at McMahon's Place and Glanmire Park. Read more: 👉 cdn-api.markitdigital.com/ap… #X2M #ASX #SmartCommunities #DataCentres #AI #DigitalInfrastructure

X2M (#ASX: #X2M) delivers AI-enabled remote-controlled “Bi-directional” streetlight controllers, adding to its smart city platform across South Korean infrastructure. Key points: ✅ X2M expands smart city platform in South Korea with launch of an AI-enabled remote-controlled bidirectional streetlight controller ✅ X2M is providing a fundamental solution for AI Infrastructure, with Gartner predicting organisations will abandon 60% of AI projects through 2026 because they lack AI-ready data ✅ Each controller manages up to 8 independent sets of streetlights enabling municipality-wide remote control, automated scheduling and real-time fault detection enabling AI prioritisation and dispatch ✅ LED lamp failure detected automatically through current sensing, reducing mainteance costs and response times for operators ✅ The total addressable market for streetlights in South Korea is $225 million annually ✅ Expands X2M's addressable revenue within existing South Korean customer base offering a single platform managing a smart city’s critical services in lighting and water ✅ Dimming schedules with crop preservation settings allow controllers to address requirements from the agricultural sector ✅ Sits well alongside X2M’s new integrated water meter and monitoring infrastructure and HelpMe public safety offerings. End customers are municipalities and cities expanding smart city applications ✅ Tightens customer relationships and “stickiness” ✅ Momentum entering FY27 with recent announcements on regional data centre development partnership, all-in-one water meter launch and smart community MOU. Click to watch 👉 cdn-api.markitdigital.com/ap… #ASX #X2M #DataCentres #EnergyInfrastructure #RenewableEnergy #Microgrids #SmartInfrastructure #AI #CleanEnergy #BatteryStorage #EVCharging #AustraliaInfrastructure #DigitalInfrastructure #RegionalAustralia