in regards to DXN im interested more so as they seem to be turning things around a bit, there last quarterly was cash flow positive they are targeting large mining company's and i think australia is ideally suited to what they do as there are large remote areas in australia, big players like newcrest mining spending 1.5 million on there set up tells me their tech is top notch and there are heaps of mining companys in the pilbara that would benefit a lot from this use ie FMG BHP and RIO being the big ones
also DXN have singed a master supply agreement with connect farms
- Modular data centre specialist DXN (DXN) has signed a Master Supply Agreement (MSA) with Connected Farms Connected Farms is an Australian licenced telecommunications carrier and was formed to specifically provide connectivity solutions to the agriculture sector This agreement will see DXN supply and roll out modular data centres for up to 15 sites across Australia
The first order is valued at $1 million and is for two sites in Queensland and Victoria The roll out of the additional 13 sites is expected to be completed over a period of around 18 monthsOn the market today,
Agriculture is the next market that will embrace autonomous vehicles and we are excited about helping another Australian company leading the way. With farmers continuing to adopt Agritech, agriculture is going to be one of the key growth industries for data," Matthew added.
i think this was understated by the market, and the way i read it is they received one million for two sites out of the 15 so if you base that on the assumption of 500k per site then you are looking at an additional 6.5 million in locked in income over the next 18 months thats on top of any other income, for a 20 million MC company i think thats very impressive.
