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Australian IoT company X2M Connect secures new contracts in South Korea worth approximately $0.8 million.
The Korea Water Resources Corporation (K Water) Jeonju branch extends its contract for remote water monitoring from 20,278 households to 25,564 households, increasing the total value of the contract by $575k to approximately $3.1 million.
X2M also secures "follow on contracts" for SaaS and maintenance from Bucheon, Dangjin, Gimje, and Okcheon worth a total of $0.2 million for the 2023 calendar year.