X2M Connect Ltd. Stock Analysis X2M.AX

X2M Connect Ltd. operates as a technology company engages in the Internet of Things business for water, gas, electricity and other utilities industries. The Company’s activities include gas monitoring and control, water monitoring and control, energy monitoring and control, and data delivery for artificial intelligence (AI) and data analytics applications. The company has developed and commercialized a patented proprietary Internet of Things (IoT) solution that delivers productivity improvements, cost savings and improved public safety to enterprise and government clients in the utilities sector. Its technology connects devices such as water, gas and electricity meters and other utility sensors to the internet, enabling data exchange and the remote control of these devices. Its control devices also provide the basis for AI or machine learning applications to build upon its platform. The company has over 530,000 devices connected to its IoT platform and distributed intelligence solutions providing real-time information to its customers. The company is focusing on servicing the utility sector in the Asia-Pacific region.