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X2M CONNECT LTD (X2M) - IoT Revolution: Transforming Smart Utilities & AI-Driven Data Solutions with X2M Connect


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The digital transformation of utilities is no longer a distant future – it's happening right now, and X2M Connect is at the forefront of this revolution. Our conversation with CEO Mohan Jesudason reveals how this Australian technology company has evolved from a patent-based startup to an international player with 80 enterprise customers across Australia, Taiwan, Japan, South Korea, and now the Middle East.

Mohan walks us through X2M's three-phase strategic transformation, culminating in their current shift toward profitability through high-margin SaaS and AI-driven solutions. What sets their platform apart? The ability to connect diverse devices – from water meters to solar panels – onto a single integrated platform, making even "dumb" devices smart in minutes. This technology works across any telecommunications network, functions during power outages, and can be deployed in new markets within days rather than months.


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ASX BRIEFSBy Andrew Musgrave