X2M Connect Limited (AU:X2M) has released an update.
X2M Connect Limited has issued a cleansing notice confirming the issuance of fully paid ordinary shares and options without investor disclosure under specific parts of the Corporations Act, adhering to all compliance requirements. The Australian tech firm specializes in IoT solutions for the utilities sector, boasting over 480,000 devices connected to its platform and is focused on expanding its presence in the Asia-Pacific region. The company, which earns through hardware sales and SaaS subscriptions, is eyeing further global growth with operations in Japan, South Korea, Taiwan, and China.
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